Overall, inclusive of hedges for the Barnett acquisition, we have protection covering almost 65 billion cubic feet of production for periods through 2016 consisting of a combination of puts, swaps and collars to provide us with downside protection but upside potential in this lower natural gas price environment.
Inclusive of the hedges we added from the Barnett Shale acquisition, over 80% of our forecasted natural gas production for 2012 was protected at an average floor price of at least $3.60 per Mcf. Furthermore, our effective average floor price over the next five years is approximately $4.26 per Mcf.
In addition, we have hedged an average of over 70% of our current run rate of crude oil production for the next five years, an effective average floor price in excess of $90 per barrel. We are committed to adding protection to our business and provide better clarity with respect to anticipated cash flows and will continue to do so as we have demonstrated in the past. Please see the tables within our press release for more information about our hedges.