|Basis||Oil||Gas (AGIA)||Gas (Valdez LNG)||Gas (Bullet Line)|
|Bbl||$67.41/BOE||Negative $2.09/BOE||Negative $2.11/BOE||*|
|MMBtu||$11.62/MMBtu||Negative $0.36/MMBtu||Negative $0.36/MMBtu|
These prices represent estimated values, netted back to the field level, for Alaska North Slope (ANS) oil and gas marketed through various options, based on closing prices for the relevant markets on the indicated day. This page has started reporting estimated netback values for Valdez LNG Gas. For a discussion of the methodology and potential implications, see “What about those ‘premium Asian LNG markets’ …,” (Aug. 31, 2010) http://bit.ly/bOw4rz. For an explanation of the basis for all of the estimated netback values, see “Basis for Estimates of Alaska North Slope Netback Oil & Gas Values (August 28, 2010),” (Aug. 30, 2010) http://bit.ly/9apJOJ.
*In the process of developing a consistent formula.