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2008 Year-End Oil and Gas Prices                               

 

 

Wright & Company, Inc.

2008 Year-End Prices

To Estimate Year-End Petroleum Reserves and Values Pursuant to

the Financial Reporting Requirements and Guidelines of the

U.S. Securities Exchange Commission (SEC)

 

Wright & Company, Inc. (Wright) provides these year-end pricing figures for general information purposes only.  These prices were obtained from various publications regarding benchmark oil and gas prices at December 31, 2008.  Wright makes no claims or warranties regarding the accuracy of information on this page.  Users are encouraged to verify or confirm prices from their own independent sources.  These prices do not reflect any differentials related to transportation, quality, gravity, location or other considerations that may influence prices received or to be received by a seller.

 

In the opinion of Wright, it is extremely important that appropriate differentials be applied to these benchmark prices based on consistent methods of comparing actual sales prices to the appropriate benchmarks at the effective date.

 

2008 Year-End Oil and Gas Prices

Effective December 31, 2008

Henry Hub, Louisiana Gas Price - $5.710/MMBTU

 

West Texas Intermediate (WTI) Oil to Cushing, Oklahoma Price - $44.60/bbl