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Miller and Lents, Ltd.
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) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 53.72 44.14 53.75 43.99 55.10 45.69 56.82 46.12 54.96 44.43
February 53.88 45.99 53.90 45.85 55.53 47.58 56.80 48.00 55.79 46.38
March 53.83 47.61 53.82 47.47 55.60 49.14 56.36 49.63 55.72 48.04
April 50.60 48.76 50.54 48.73 52.42 50.42 52.83 50.81 52.20 49.36
May 48.84 49.01 48.83 48.97 50.68 50.64 51.52 51.09 50.41 49.75
June 48.36 48.95 48.32 48.91 50.47 50.62 50.63 51.17 50.41 49.89
July 46.04 48.71 46.02 48.66 48.12 50.38 47.92 50.97 47.08 49.84
August
September
October
November
December
Annual Average 50.75 50.74 52.56 53.27 52.37
2016 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/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.
Miller and Lents, Ltd.
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) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 3.650 2.593 3.185 1.496 3.520 2.426 3.510 2.553 3.615 2.369
February 3.005 2.655 2.795 1.607 2.845 2.481 2.985 2.615 2.820 2.421
March 2.510 2.730 2.010 1.694 2.355 2.557 2.505 2.689 2.360 2.503
April 3.095 2.828 2.815 1.826 2.720 2.638 3.105 2.782 2.625 2.581
May 3.165 2.933 2.630 1.934 2.840 2.725 3.215 2.898 2.685 2.660
June 3.005 3.010 2.235 1.997 2.665 2.784 3.150 2.996 2.630 2.724
July 2.950 3.014 1.920 2.023 2.555 2.770 3.055 3.018 2.415 2.715
August
September
October
November
December
Annual Average 3.054 2.513 2.786 3.075 2.736
2016 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/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.

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SEC FDOTM Prices July 2017

  • 1. Miller and Lents, Ltd. 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) ($/bbl) Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo January 53.72 44.14 53.75 43.99 55.10 45.69 56.82 46.12 54.96 44.43 February 53.88 45.99 53.90 45.85 55.53 47.58 56.80 48.00 55.79 46.38 March 53.83 47.61 53.82 47.47 55.60 49.14 56.36 49.63 55.72 48.04 April 50.60 48.76 50.54 48.73 52.42 50.42 52.83 50.81 52.20 49.36 May 48.84 49.01 48.83 48.97 50.68 50.64 51.52 51.09 50.41 49.75 June 48.36 48.95 48.32 48.91 50.47 50.62 50.63 51.17 50.41 49.89 July 46.04 48.71 46.02 48.66 48.12 50.38 47.92 50.97 47.08 49.84 August September October November December Annual Average 50.75 50.74 52.56 53.27 52.37 2016 Calendar Year First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA Product Oil Oil Oil Oil Oil Units ($/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.
  • 2. Miller and Lents, Ltd. 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) ($/MMbtu) Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo January 3.650 2.593 3.185 1.496 3.520 2.426 3.510 2.553 3.615 2.369 February 3.005 2.655 2.795 1.607 2.845 2.481 2.985 2.615 2.820 2.421 March 2.510 2.730 2.010 1.694 2.355 2.557 2.505 2.689 2.360 2.503 April 3.095 2.828 2.815 1.826 2.720 2.638 3.105 2.782 2.625 2.581 May 3.165 2.933 2.630 1.934 2.840 2.725 3.215 2.898 2.685 2.660 June 3.005 3.010 2.235 1.997 2.665 2.784 3.150 2.996 2.630 2.724 July 2.950 3.014 1.920 2.023 2.555 2.770 3.055 3.018 2.415 2.715 August September October November December Annual Average 3.054 2.513 2.786 3.075 2.736 2016 Calendar Year First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies Source Platts Platts Platts Platts Platts Product Gas Gas Gas Gas Gas Units ($/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.