9/3/2010 (Revised) Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $67.41/BOE $11.62/MMBtu
Gas  (AGIA) Negative $2.09/BOE Negative $0.36/MMBtu
Gas (Valdez LNG) Negative $2.11/BOE Negative $0.36/MMBtu
Gas (Bullet Line) $.17/BOE $.03/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.  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 (rev. Sept. , Sept. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.

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