Introduction to Artificial Intelligence and History of AI
SEC FDOTM Prices May 2019
1. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2019 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 45.33 64.30 45.15 64.38 49.95 69.39 52.20 70.98 50.57 70.20
February 55.26 63.43 55.29 63.50 61.72 68.80 62.75 70.40 61.86 69.64
March 55.80 62.99 55.76 63.06 63.51 68.82 65.07 70.50 63.71 69.59
April 61.59 62.71 61.59 62.79 67.84 68.84 69.01 70.40 69.08 69.60
May 63.60 62.41 63.55 62.48 71.15 68.85 72.18 70.32 63.55 68.66
June
July
August
September
October
November
December
Annual Average 56.32 56.27 62.83 64.24 61.75
2018 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 60.42 51.90 60.46 51.90 65.51 55.17 66.87 55.77 66.73 55.40
February 65.80 52.89 65.92 52.90 68.72 56.27 69.65 56.84 68.60 56.47
March 60.99 53.49 60.98 53.49 63.28 56.91 63.83 57.46 64.23 57.18
April 64.94 54.68 64.87 54.69 67.57 58.17 70.27 58.92 69.02 58.58
May 67.25 56.22 67.28 56.23 71.13 59.88 73.13 60.72 74.85 60.62
June 65.81 57.67 65.81 57.68 74.31 61.86 76.79 62.90 74.54 62.63
July 74.15 60.01 74.13 60.03 77.33 64.30 79.44 65.52 77.44 65.16
August 67.66 61.55 68.80 61.66 71.87 66.00 72.39 67.24 72.28 66.95
September 69.80 63.43 69.84 63.54 75.77 68.03 77.42 69.30 76.94 68.93
October 75.30 65.40 75.37 65.51 83.37 70.27 84.98 71.58 84.94 71.26
November 63.69 66.18 63.67 66.29 71.80 71.22 72.89 72.62 71.25 72.12
December 50.93 65.56 50.78 65.66 57.53 70.68 58.71 72.20 57.71 71.54
Annual Average 65.56 65.66 70.68 72.20 71.54
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of this data.
2. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2017 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 53.72 44.14 53.75 43.99 55.10 45.69 56.82 46.12 54.96 44.43
February 53.88 45.99 53.90 45.85 55.53 47.58 56.80 48.00 55.79 46.38
March 53.83 47.61 53.82 47.47 55.60 49.14 56.36 49.63 55.72 48.04
April 50.60 48.76 50.54 48.73 52.42 50.42 52.83 50.81 52.20 49.36
May 48.84 49.01 48.83 48.97 50.68 50.64 51.52 51.09 50.41 49.75
June 48.36 48.95 48.32 48.91 50.47 50.62 50.63 51.17 50.41 49.89
July 46.04 48.71 46.02 48.66 48.12 50.38 47.92 50.97 47.08 49.84
August 49.16 49.46 49.19 49.42 51.49 51.20 51.78 51.77 50.77 50.72
September 47.29 49.81 47.32 49.76 51.40 51.75 52.75 52.38 53.15 51.40
October 51.67 50.09 51.67 50.09 56.47 52.32 57.54 53.09 57.02 52.13
November 54.30 50.73 54.32 50.73 60.37 53.35 60.49 54.12 60.98 53.40
December 58.36 51.34 58.35 51.34 64.00 54.30 63.73 54.93 64.57 54.42
Annual Average 51.34 51.34 54.30 54.93 54.42
2016 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 37.04 48.93 37.13 48.80 38.51 52.48 37.28 53.90 36.61 52.58
February 31.62 47.54 31.62 47.45 32.85 51.05 34.24 52.33 32.45 51.32
March 34.40 46.26 34.39 46.16 36.84 49.37 36.81 50.19 35.73 49.14
April 36.79 45.16 35.36 44.93 37.16 47.79 38.67 48.65 36.42 47.53
May 45.92 44.05 45.98 43.84 47.98 46.36 48.13 47.12 45.64 45.99
June 49.01 43.12 49.07 42.91 50.75 45.16 49.72 45.86 48.81 44.82
July 48.99 42.46 49.02 42.25 50.97 44.41 50.35 44.89 47.65 43.65
August 40.06 41.87 40.05 41.66 41.68 43.68 42.14 44.05 40.17 42.56
September 43.16 41.68 43.17 41.48 44.80 43.26 45.45 43.71 45.05 42.25
October 48.24 41.97 47.72 41.72 49.61 43.43 49.06 43.82 48.24 42.31
November 46.67 41.98 46.66 41.73 48.01 43.47 48.14 43.70 45.77 42.13
December 51.06 42.75 51.08 42.60 52.53 44.31 53.94 44.49 52.28 42.90
Annual Average 42.75 42.60 44.31 44.49 42.90
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of this data.
3. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2015 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 53.27 91.22 53.45 91.56 55.55 94.63 57.33 97.34 55.27 96.75
February 48.24 87.12 47.79 87.41 49.99 90.26 52.99 92.89 47.52 91.69
March 49.76 82.72 49.84 82.99 56.97 85.97 62.58 89.01 61.89 87.77
April 50.09 78.58 50.12 78.86 56.12 82.10 57.10 84.97 55.73 83.61
May 59.15 75.22 59.10 75.48 65.15 79.09 66.46 81.53 64.13 79.90
June 60.20 71.68 60.24 71.88 65.17 75.75 64.88 77.82 62.87 76.04
July 56.96 67.65 56.94 67.79 60.04 71.72 62.01 73.63 61.65 71.94
August 47.12 63.42 47.11 63.56 50.44 67.45 52.21 69.24 53.29 67.76
September 45.41 59.21 45.38 59.19 49.76 63.18 49.56 64.81 48.80 63.40
October 44.74 55.37 44.75 55.35 47.65 59.33 47.69 60.93 47.48 59.47
November 46.59 52.54 46.60 52.53 47.53 56.33 49.56 57.91 48.00 56.46
December 41.85 50.28 40.58 50.16 42.43 53.90 44.44 55.57 42.97 54.13
Annual Average 50.28 50.16 53.90 55.57 54.13
2014 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 98.42 97.33 98.17 97.43 103.00 106.18 110.80 108.29 109.95 107.92
February 97.49 97.30 97.55 97.44 102.35 105.04 106.40 107.43 108.16 107.31
March 102.59 98.30 102.88 98.45 108.48 104.79 109.07 107.32 108.98 107.21
April 99.74 98.52 99.69 98.67 102.57 103.94 105.62 106.86 105.70 106.95
May 99.42 99.22 99.69 99.41 101.30 103.93 107.76 107.51 108.63 107.81
June 102.71 100.11 103.40 100.37 105.25 104.33 109.41 108.26 109.21 108.54
July 105.34 100.89 106.06 101.05 108.36 104.60 112.29 109.04 110.84 109.18
August 97.88 100.05 97.86 100.21 101.69 103.63 104.84 108.65 103.45 108.64
September 95.96 99.08 97.86 99.36 101.03 102.71 102.79 107.71 101.12 107.40
October 90.73 98.13 90.74 98.42 93.79 101.76 94.16 106.56 94.57 106.34
November 80.54 96.96 80.53 97.25 83.58 100.64 85.86 104.89 84.17 104.54
December 69.00 94.99 68.98 95.28 71.58 98.58 72.54 101.80 70.87 101.30
Annual Average 94.99 95.28 98.58 101.80 101.30
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of the data.
4. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2013 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/bbl) ($/bbl) ($/bbl) ($/bbl) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 91.82 94.13 91.83 94.09 110.76 111.53 111.11 111.65 110.80 111.44
February 97.77 94.14 97.46 94.08 116.05 112.02 116.76 112.08 115.55 111.74
March 90.68 92.63 90.71 92.58 111.46 110.77 110.40 110.76 110.14 110.44
April 97.07 92.13 97.10 92.08 112.85 109.71 111.08 109.78 108.76 109.22
May 91.03 90.87 90.74 90.80 101.34 108.01 99.95 108.14 98.34 107.45
June 91.97 91.60 91.93 91.53 100.43 108.46 100.39 108.30 100.43 107.60
July 96.07 92.52 97.94 92.60 105.14 109.12 103.00 108.73 103.19 108.35
August 107.89 94.10 107.93 94.18 113.30 109.64 109.54 109.03 109.94 108.61
September 107.65 95.04 107.98 95.14 112.08 109.54 114.01 108.99 115.97 108.78
October 102.04 95.83 102.09 95.94 105.29 108.99 107.94 108.63 107.32 108.34
November 94.61 96.46 94.56 96.57 97.01 108.03 105.91 108.44 105.78 108.09
December 92.72 96.78 92.55 96.90 96.23 106.83 109.69 108.32 109.69 107.99
Annual Average 96.78 96.90 106.83 108.32 107.99
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of the data.
5. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2019 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 3.225 3.071 2.815 2.550 2.635 2.467 3.185 3.117 3.020 2.430
February 2.830 3.040 2.750 2.533 2.295 2.431 2.800 3.093 2.425 2.433
March 2.925 3.066 2.755 2.587 2.800 2.478 2.850 3.118 2.895 2.493
April 2.685 3.060 2.460 2.585 2.415 2.496 2.635 3.100 2.255 2.529
May 2.595 3.053 2.210 2.599 1.995 2.504 2.475 3.083 1.840 2.539
June
July
August
September
October
November
December
Annual Average 2.852 2.598 2.428 2.789 2.487
2018 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 3.580 2.970 3.040 2.088 3.760 2.715 4.400 3.058 3.455 2.621
February 3.205 2.987 2.955 2.101 2.725 2.705 3.090 3.067 2.385 2.585
March 2.610 2.995 2.105 2.109 2.245 2.695 2.550 3.071 2.175 2.569
April 2.755 2.967 2.475 2.080 2.195 2.652 2.850 3.050 1.820 2.502
May 2.680 2.927 2.045 2.032 1.900 2.573 2.680 3.005 1.725 2.422
June 2.885 2.917 2.515 2.055 2.510 2.560 2.935 2.987 2.190 2.385
July 2.900 2.913 2.515 2.105 2.335 2.542 3.020 2.984 2.185 2.366
August 2.815 2.911 2.490 2.158 2.140 2.503 2.860 2.990 2.305 2.345
September 2.930 2.914 2.520 2.250 2.310 2.473 3.025 2.999 2.235 2.313
October 2.990 2.922 1.315 2.298 2.075 2.434 3.200 3.023 1.965 2.283
November 3.290 2.965 2.685 2.419 2.435 2.425 3.420 3.078 2.900 2.316
December 4.565 3.100 4.160 2.568 4.100 2.561 4.590 3.218 4.250 2.466
Annual Average 3.100 2.568 2.561 3.218 2.466
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of this data.
6. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2017 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 3.650 2.593 3.185 1.496 3.520 2.426 3.510 2.553 3.615 2.369
February 3.005 2.655 2.795 1.607 2.845 2.481 2.985 2.615 2.820 2.421
March 2.510 2.730 2.010 1.694 2.355 2.557 2.505 2.689 2.360 2.503
April 3.095 2.828 2.815 1.826 2.720 2.638 3.105 2.782 2.625 2.581
May 3.165 2.933 2.630 1.934 2.840 2.725 3.215 2.898 2.685 2.660
June 3.005 3.010 2.235 1.997 2.665 2.784 3.150 2.996 2.630 2.724
July 2.950 3.014 1.920 2.023 2.555 2.770 3.055 3.018 2.415 2.715
August 2.835 3.005 1.845 2.064 2.610 2.760 2.785 3.005 2.555 2.704
September 2.890 3.001 1.420 2.080 2.675 2.750 2.925 3.014 2.625 2.703
October 2.900 3.006 0.745 2.116 2.540 2.745 2.915 3.013 2.325 2.683
November 2.770 3.005 1.225 2.090 2.545 2.753 2.760 3.015 2.505 2.693
December 2.940 2.976 2.370 2.100 2.465 2.695 2.900 2.984 2.450 2.634
Annual Average 2.976 2.100 2.695 2.984 2.634
2016 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 2.310 2.530 1.410 1.409 2.355 2.395 2.290 2.495 2.390 2.333
February 2.260 2.495 1.470 1.358 2.185 2.383 2.235 2.472 2.195 2.327
March 1.600 2.398 0.960 1.277 1.440 2.288 1.620 2.387 1.380 2.230
April 1.925 2.339 1.230 1.218 1.745 2.241 1.995 2.335 1.680 2.187
May 1.905 2.284 1.340 1.206 1.800 2.188 1.820 2.278 1.740 2.138
June 2.085 2.237 1.480 1.225 1.955 2.148 1.975 2.226 1.865 2.097
July 2.900 2.248 1.605 1.269 2.730 2.152 2.785 2.228 2.525 2.088
August 2.945 2.263 1.355 1.272 2.730 2.156 2.950 2.245 2.680 2.094
September 2.935 2.283 1.225 1.275 2.785 2.173 2.810 2.262 2.640 2.105
October 2.835 2.313 0.310 1.199 2.605 2.190 2.930 2.295 2.560 2.126
November 2.785 2.382 1.545 1.247 2.455 2.240 2.730 2.363 2.395 2.181
December 3.285 2.481 2.250 1.348 3.160 2.329 3.275 2.451 3.150 2.267
Annual Average 2.481 1.348 2.329 2.451 2.267
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of this data.
7. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2015 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 2.995 4.238 1.225 3.103 2.920 4.259 2.925 4.175 3.110 4.256
February 2.675 4.043 2.080 2.875 2.330 4.073 2.520 3.969 2.265 4.001
March 2.770 3.882 1.930 2.640 2.585 3.698 2.635 3.794 2.550 3.697
April 2.625 3.728 1.935 2.470 2.310 3.527 2.615 3.643 2.195 3.525
May 2.565 3.543 1.490 2.247 2.430 3.340 2.515 3.462 2.320 3.331
June 2.650 3.390 1.245 2.083 2.440 3.185 2.590 3.300 2.365 3.172
July 2.775 3.253 1.080 1.885 2.685 3.050 2.765 3.160 2.625 3.036
August 2.765 3.171 1.320 1.825 2.680 2.970 2.750 3.077 2.610 2.946
September 2.685 3.060 1.190 1.741 2.575 2.874 2.605 2.970 2.510 2.845
October 2.475 2.921 1.220 1.680 2.405 2.751 2.530 2.844 2.305 2.714
November 1.965 2.765 0.970 1.557 1.860 2.611 1.915 2.709 1.735 2.570
December 2.095 2.587 1.035 1.393 2.090 2.443 2.215 2.548 2.125 2.393
Annual Average 2.587 1.393 2.443 2.548 2.393
2014 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 4.340 3.747 3.710 3.482 4.360 3.661 4.265 3.725 4.310 3.603
February 5.020 3.888 4.810 3.605 4.563 3.770 4.985 3.873 5.320 3.773
March 4.700 3.989 4.755 3.706 7.085 4.074 4.735 3.979 6.200 4.003
April 4.475 4.026 3.980 3.698 4.365 4.116 4.435 4.013 4.260 4.037
May 4.785 4.066 4.165 3.689 4.670 4.158 4.685 4.045 4.645 4.083
June 4.485 4.104 3.210 3.635 4.299 4.187 4.530 4.093 4.275 4.120
July 4.415 4.175 3.450 3.668 4.310 4.234 4.450 4.163 4.260 4.196
August 3.745 4.199 2.050 3.587 3.635 4.257 3.745 4.189 3.685 4.229
September 4.025 4.236 2.190 3.496 3.724 4.286 3.893 4.209 3.719 4.252
October 4.135 4.290 1.960 3.384 3.890 4.327 4.040 4.258 3.880 4.299
November 3.840 4.313 2.440 3.331 3.531 4.323 3.535 4.257 3.470 4.304
December 4.235 4.350 3.000 3.310 4.115 4.379 4.140 4.287 4.245 4.356
Annual Average 4.350 3.310 4.379 4.287 4.356
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of this data.
8. MILLER AND LENTS, GLOBAL OIL AND GAS CONSULTANTS
2013 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 3.425 2.794 3.275 2.785 3.370 2.686 3.330 2.742 3.395 2.612
February 3.330 2.863 3.330 2.851 3.255 2.757 3.220 2.815 3.290 2.688
March 3.485 2.950 3.545 2.941 3.435 2.850 3.455 2.904 3.430 2.788
April 4.030 3.119 4.070 3.110 3.872 3.008 4.035 3.083 3.855 2.967
May 4.305 3.303 4.280 3.287 4.160 3.186 4.300 3.269 4.095 3.150
June 4.025 3.444 3.855 3.414 3.957 3.328 3.955 3.405 3.835 3.288
July 3.570 3.513 3.060 3.440 3.739 3.439 3.605 3.477 3.340 3.355
August 3.455 3.534 3.015 3.424 3.360 3.458 3.430 3.496 3.290 3.378
September 3.575 3.605 3.280 3.479 3.373 3.516 3.650 3.576 3.450 3.456
October 3.495 3.639 3.305 3.500 3.400 3.571 3.460 3.613 3.310 3.491
November 3.565 3.644 3.080 3.465 3.575 3.579 3.540 3.619 3.410 3.491
December 3.785 3.670 3.250 3.445 3.449 3.579 3.790 3.648 3.625 3.527
Annual Average 3.670 3.445 3.579 3.648 3.527
The above pricing data is provided for informational purposes only and was accepted as represented by various sources cited herein. Miller and Lents, Ltd. accepts no responsibility for the accuracy of this data.