FIRST OF MONTH BENCHMARK PRICES
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As specified by the SEC regulations,
when calculating economic producibility, the base
product price must be the 12-month average price,
calculated as the unweighted arithmetic average of
the first-day-of-the-month price for each month
within the prior 12-month period. |
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|
APPALACHIA |
WEST TEXAS |
ERGON CRUDE |
|
|
HENRY HUB |
DOMINION |
COLUMBIA |
INTERMEDIATE |
OH, PA, NY |
WV |
MARCELLUS- |
|
2012 |
LOUISIANA |
SOUTH POINT |
GAS |
CUSHING, OK |
TIER 1 |
TIER 1 |
UTICA CONDENSATE* |
|
JANUARY |
$
2.985 |
$
2.885 |
$
2.950 |
$
98.83 |
$
103.01 |
$
101.51 |
$
87.31 |
|
FEBRUARY |
$
2.505 |
$
2.535 |
$
2.505 |
$
97.61 |
$
97.66 |
$
96.16 |
$
82.49 |
|
MARCH |
$
2.435 |
$
2.470 |
$
2.470 |
$
108.84 |
$
108.89 |
$ 107.39 |
$
92.56 |
|
APRIL |
$
2.000 |
$
2.040 |
$
1.980 |
$
103.02 |
$
103.57 |
$ 102.07 |
$
88.03 |
|
MAY |
$
2.095 |
$
2.155 |
$
2.155 |
$
106.16 |
$ 106.96 |
$ 105.46 |
$
90.92 |
|
JUNE |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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|
1ST DAY OF MONTH AVERAGE ~
2012 |
$
2.404 |
$
2.417 |
$
2.412 |
$
102.89 |
$ 104.02 |
$ 102.52 |
$
88.26 |
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|
TWELVE MONTH RUNNING
AVERAGE |
$
3.337 |
$
3.396 |
$
3.374 |
$
97.09 |
$
96.53 |
$
95.03 |
$
80.02 |
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*Formerly Appalachia Light Sweet (Prior to 4/1/2012) |
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|
APPALACHIA |
WEST TEXAS |
ERGON CRUDE |
|
|
HENRY HUB |
DOMINION |
COLUMBIA |
INTERMEDIATE |
OH, PA, NY |
WV |
APPALACHIAN |
|
2011 |
LOUISIANA |
SOUTH POINT |
GAS |
CUSHING, OK |
TIER 1 |
TIER 1 |
LIGHT SWEET |
|
JANUARY (1) |
$
4.230 |
$
4.310 |
$
4.330 |
$
91.38 |
$
85.75 |
$
84.25 |
$
64.16 |
|
FEBRUARY |
$
4.415 |
$
4.625 |
$
4.545 |
$
90.77 |
$
88.75 |
$
87.25 |
$
68.51 |
|
MARCH |
$
3.925 |
$
4.120 |
$
4.040 |
$
99.63 |
$
92.75 |
$
91.25 |
$
71.99 |
|
APRIL |
$
4.320 |
$
4.590 |
$
4.445 |
$ 107.94 |
$ 103.00 |
$ 101.50 |
$
81.78 |
|
MAY |
$
4.505 |
$
4.600 |
$
4.595 |
$ 113.93 |
$ 110.25 |
$ 108.75 |
$
88.09 |
|
JUNE |
$
4.630 |
$
4.790 |
$
4.765 |
$
100.29 |
$
99.25 |
$
97.75 |
$
79.39 |
|
JULY |
$
4.280 |
$
4.395 |
$
4.355 |
$
94.94 |
$
92.00 |
$
90.50 |
$
73.08 |
|
AUGUST |
$
4.265 |
$
4.390 |
$
4.385 |
$
94.89 |
$
92.50 |
$
91.00 |
$
73.52 |
|
SEPTEMBER |
$
3.970 |
$
4.020 |
$
4.035 |
$
88.93 |
$
85.73 |
$
84.23 |
$
69.37 |
|
OCTOBER |
$
3.680 |
$
3.720 |
$ 3.595 |
$
79.20 |
$
76.25 |
$
74.75 |
$
61.12 |
|
NOVEMBER |
$
3.670 |
$
3.695 |
$
3.740 |
$
92.19 |
$
92.24 |
$
90.74 |
$
77.62 |
|
DECEMBER |
$
3.530 |
$
3.660 |
$
3.550 |
$
100.20 |
$
100.25 |
$
98.75 |
$
84.83 |
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|
1ST DAY OF MONTH AVERAGE ~
2011 |
$
4.118 |
$
4.243 |
$
4.198 |
$
96.19 |
$
93.23 |
$
91.73 |
$
74.46 |
NOTE: ERGON ALSO POSTS TIER 2 OIL PRICES FOR DELIVERIES UNDER 156
BBLS ($2.00 DEDUCT)
AND TIER 3 OIL PRICES FOR DELIVERIES UNDER 60 BBLS
($3.50 DEDUCT)
(1) WTI as reported by
Bloomberg. (The WSJ and UPRR reported a WTI price of $89.84 per
barrel for 12-30-2010, but did not report a 12-31-2010 price.)
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