Miller and Lents’ February 2019 installment of SEC First Day of the Month Prices.

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) ($/bbl)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 45.33 64.30 45.15 64.38 49.95 69.39 52.20 70.98 50.57 70.20
February 55.26 63.43 55.29 63.50 61.72 68.80 62.75 70.40 61.86 69.64
March
April
May
June
July
August
September
October
November
December
Annual Average 50.30 50.22 55.84 57.48 56.22
2018 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Crude Oil Benchmark Prices
Index WTI Front Month (CLc1) WTI Spot (WTC) LA Light Sweet Spot (LLS) Europe Brent Front Month (LCOc1) Europe Brent Spot
Source Thomson Reuters Thomson Reuters Thomson Reuters Thomson Reuters EIA
Product Oil Oil Oil Oil Oil
Units ($/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
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) ($/MMbtu)
Month FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo FDOTM Prior 12‐mo
January 3.225 3.071 2.815 2.550 2.635 2.467 3.185 3.117 3.020 2.430
February 2.830 3.040 2.750 2.533 2.295 2.431 2.800 3.093 2.425 2.433
March
April
May
June
July
August
September
October
November
December
Annual Average 3.028 2.783 2.465 2.993 2.723
2018 Calendar Year
First‐Day‐of‐the‐Month (FDOTM) Gas Benchmark Prices
Index Henry Hub Dominion, South Point NGPL, Midcontinent Houston Ship Channel CIG, Rockies
Source Platts Platts Platts Platts Platts
Product Gas Gas Gas Gas Gas
Units ($/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.