United Production Company (“UPC”) today announced it has entered into a new commodity hedging agreement with BP Energy Company, with BP serving as the direct counterparty. The agreement strengthens UPC’s ability to manage price risk and optimize revenue stability in a volatile energy market.
Under the terms of the agreement, UPC gains direct access to BP’s energy trading desk, enabling flexible and strategic hedging of crude oil and natural gas production. This partnership is expected to enhance UPC’s financial resilience, support long-term capital planning, and provide consistent cash flow to sustain operational growth.
Statement from Casey Jobe, Managing Partner of United Production Company:
“Entering into this direct counterparty relationship with BP Energy Company represents a significant milestone for UPC. In today’s commodity environment, protecting cash flow and maintaining predictable revenue streams is critical. This agreement allows us to be more proactive in managing our price exposure, seize favorable market opportunities, and ensure our partners and employees can rely on a stable financial foundation. BP’s expertise and market reach align perfectly with our strategic vision, and we’re excited about the value this relationship will deliver in the years ahead.”
United Production Company remains committed to disciplined operational execution, responsible asset management, and leveraging strategic partnerships to deliver long-term value.
About United Production Company:
United Production Company is a privately held oil and gas company focused on the acquisition, development, and operation of energy assets across the multiple Basins. With a blend of operated and non-operated positions, UPC specializes in maximizing asset value through strategic development planning, disciplined capital allocation, and robust risk management practices.
