Category Archives: Daily Alaska Oil & Gas Values

Week Ending 10/1/2010: Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $76.04/BOE $13.11/MMBtu
Gas (AGIA) Negative $2.01/BOE Negative $0.35/MMBtu
Gas (Valdez LNG) Negative $2.50/BOE Negative $0.43/MMBtu
Gas (Bullet Line) Negative $0.24/BOE Negative $0.04/MMBtu
Henry Hub
(netback reference for L48 gas)
$21.29/BOE $3.67/MMBtu

Beginning with prices posted on September 10, 2010, this page started including the “Henry Hub” price effective for the same day.  The reason for including that price is explained at “Reason for Adding the Henry Hub Price,” http://bit.ly/dj6oEo.  The remaining 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. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.  Beginning with the week ending September 24, 2010, the estimated values are posted weekly, based upon the closing prices for Friday of the relevant week.

Week Ending 9/24/2010: Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $68.90/BOE $11.88/MMBtu
Gas (AGIA) Negative $0.95/BOE Negative $0.16/MMBtu
Gas (Valdez LNG) Negative $2.50/BOE Negative $0.43/MMBtu
Gas (Bullet Line) Negative $0.24/BOE Negative $0.04/MMBtu
Henry Hub
(netback reference for L48 gas)
$22.91/BOE $3.95/MMBtu

Beginning with prices posted on September 10, 2010, this page started including the “Henry Hub” price effective for the same day.  The reason for including that price is explained at “Reason for Adding the Henry Hub Price,” http://bit.ly/dj6oEo.  The remaining 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. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.  Beginning with the week ending September 24, 2010, the estimated values will be posted weekly, based upon the closing prices for Friday of the relevant week.

9/16/2010 Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $67.34/BOE $11.61/MMBtu
Gas (AGIA) Negative $0.39/BOE Negative $0.07/MMBtu
Gas (Valdez LNG) Negative $1.97/BOE Negative $0.34/MMBtu
Gas (Bullet Line) $0.29/BOE $0.05/MMBtu
Henry Hub
(netback reference for L48 gas)
$23.72/BOE $4.09/MMBtu

Beginning with prices posted on September 10, 2010, this page started including the “Henry Hub” price effective for the same day.  The reason for including that price is explained at “Reason for Adding the Henry Hub Price,” http://bit.ly/dj6oEo.  The remaining 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. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.

9/13/2010 Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $69.95/BOE $12.06/MMBtu
Gas (AGIA) Negative $0.40/BOE Negative $0.07/MMBtu
Gas (Valdez LNG) Negative $2.07/BOE Negative $0.36/MMBtu
Gas (Bullet Line) $0.20/BOE $0.03/MMBtu
Henry Hub
(netback reference for L48 gas)
$22.27/BOE $3.84/MMBtu

Beginning with prices posted on September 10, 2010, this page started including the “Henry Hub” price effective for the same day.  The reason for including that price is explained at “Reason for Adding the Henry Hub Price,” http://bit.ly/dj6oEo.  The remaining 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. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.

9/10/2010 Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $67.48/BOE* $11.63/MMBtu*
Gas (AGIA) Negative $1.48/BOE Negative $0.26/MMBtu
Gas (Valdez LNG) Negative $2.07/BOE Negative $0.36/MMBtu
Gas (Bullet Line) $0.20/BOE $0.03/MMBtu
Henry Hub (netback reference for L48 gas) $21.98/BOE $3.79/MMBtu

*Based on 9/8/2010 closing price for ANS oil.  Updated price for 9/10/2010 not available on DOR website at time of publication.

Beginning with prices posted on September 10, 2010, this page started including the “Henry Hub” price effective for the same day.  The reason for including that price is explained at “Reason for Adding the Henry Hub Price,” http://bit.ly/dj6oEo.  The remaining 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. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.

9/10/2010 Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $67.48/BOE* $11.63/MMBtu*
Gas (AGIA) Negative $1.48/BOE Negative $0.26/MMBtu
Gas (Valdez LNG) Negative $2.07/BOE Negative $0.36/MMBtu
Gas (Bullet Line) $0.20/BOE $0.03/MMBtu

*Based on 9/8/2010 closing price for ANS oil.  Updated price for 9/10/2010 not available on DOR website at time of publication.  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. 6, 2010),” (Sept. 6, 2010) http://bit.ly/cNqYw5.

9/9/2010 Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $67.48/BOE* $11.63/MMBtu*
Gas (AGIA) Negative $2.00/BOE Negative $0.35/MMBtu
Gas (Valdez LNG) Negative $2.07/BOE Negative $0.36/MMBtu
Gas (Bullet Line) $0.20/BOE $0.03/MMBtu

*Based on 9/8/2010 closing price for ANS oil.  Updated price for 9/9/2010 not available on DOR website at time of publication.  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.

9/7/2010 Estimated Alaska North Slope Netback Values

Market Bbl MMBtu
Oil $66.90/BOE $11.53/MMBtu
Gas  (AGIA) Negative $2.48/BOE Negative $0.43/MMBtu
Gas (Valdez LNG) Negative $2.07/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.

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.

9/3/2010 Estimated Alaska North Slope Netback Values

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.