{"id":320,"date":"2020-11-30T16:52:43","date_gmt":"2020-11-30T16:52:43","guid":{"rendered":"https:\/\/ulysses-pm.com\/?p=320"},"modified":"2025-03-06T15:24:42","modified_gmt":"2025-03-06T15:24:42","slug":"2020-reserves-basis-oil-and-gas-prices","status":"publish","type":"post","link":"https:\/\/ulysses-pm.com\/index.php\/2020\/11\/30\/2020-reserves-basis-oil-and-gas-prices\/","title":{"rendered":"2020 Reserves Basis Oil and Gas Prices"},"content":{"rendered":"

[vc_row woodmart_css_id=”665fa7a84b0b7″ responsive_spacing=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NjVmYTdhODRiMGI3Iiwic2hvcnRjb2RlIjoidmNfcm93IiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” woodmart_box_shadow=”no” wd_z_index=”no” woodmart_disable_overflow=”0″ row_reverse_mobile=”0″ row_reverse_tablet=”0″][vc_column]\t\t\t \t\t\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\tAnnual average (SEC basis, first of month) 2020 oil and gas prices, and quarterly futures\u00a0prices for years 2021 – 2029 :<\/p>\n
    \n
  • Brent<\/li>\n<\/ul>\n
      \n
    • \n
        \n
      • 2020 US$ 42.25\/Bbl<\/span><\/li>\n
      • 2019 US$ 62.82\/Bbl<\/span><\/li>\n
      • 2018\u200b US$ 71.75\/Bbl<\/span><\/li>\n
      • 2017 US$ 54.47\/Bbl<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

        \t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t[vc_single_image image=”321″ img_size=”full” alignment=”center” css=”.vc_custom_1717605513847{margin-bottom: 0px !important;}” parallax_scroll=”no” woodmart_inline=”no”]\t\t\t

        \n\t\t\t\t
        \n\t\t\t\t\t<\/p>\n
          \n
        • WTI<\/li>\n<\/ul>\n
            \n
          • \n
              \n
            • 2020 US$ 39.72\/Bbl<\/span><\/li>\n
            • 2019 US$ 56.99\/Bbl<\/span><\/li>\n
            • 2018\u200b US$ 65.66\/Bbl<\/span><\/li>\n
            • 2017 US$ 51.03\/Bbl<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

              \t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t[vc_single_image image=”322″ img_size=”full” alignment=”center” css=”.vc_custom_1717605637654{margin-bottom: 0px !important;}” parallax_scroll=”no” woodmart_inline=”no”]\t\t\t

              \n\t\t\t\t
              \n\t\t\t\t\t<\/p>\n
                \n
              • Brent-WTI Differential<\/li>\n<\/ul>\n
                  \n
                • \n
                    \n
                  • 2020 US$ 2.53\/Bbl<\/span><\/li>\n
                  • 2019 US$ 7.17\/Bbl<\/span><\/li>\n
                  • 2018\u200b US$ 6.09\/Bbl<\/span><\/li>\n
                  • 2017 US$ 3.44\/Bbl<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                    \t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t[vc_single_image image=”323″ img_size=”full” alignment=”center” css=”.vc_custom_1717605757735{margin-bottom: 0px !important;}” parallax_scroll=”no” woodmart_inline=”no”]\t\t\t

                    \n\t\t\t\t
                    \n\t\t\t\t\t<\/p>\n
                      \n
                    • Henry Hub<\/li>\n<\/ul>\n
                        \n
                      • \n
                          \n
                        • 2020 US$ 1.97\/MMBtu<\/span><\/li>\n
                        • 2019 US$ 2.60\/MMBtu<\/span><\/li>\n
                        • 2018\u200b US$ 3.33\/MMBtu<\/span><\/li>\n
                        • 2017 US$ 2.97\/MMBtu<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                          \t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t[vc_single_image image=”324″ img_size=”full” alignment=”center” css=”.vc_custom_1717606141979{margin-bottom: 0px !important;}” parallax_scroll=”no” woodmart_inline=”no”]\t\t\t

                          \n\t\t\t\t
                          \n\t\t\t\t\t<\/p>\n
                            \n
                          • NBP<\/li>\n<\/ul>\n
                              \n
                            • \n
                                \n
                              • 2020 25.00 pence\/Therm*<\/span><\/li>\n
                              • 2019 34.71 pence\/Therm<\/span><\/li>\n
                              • 2018\u200b 60.36 pence\/Therm<\/span><\/li>\n
                              • 2017 45.06 pence\/Therm<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                \t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t[vc_single_image image=”325″ img_size=”full” alignment=”center” css=”.vc_custom_1717606295387{margin-bottom: 0px !important;}” parallax_scroll=”no” woodmart_inline=”no”]\t\t\t

                                \n\t\t\t\t
                                \n\t\t\t\t\tNotes:<\/p>\n
                                  \n
                                1. Historic oil and gas prices from EIA, Ofgem<\/li>\n
                                2. Average price for 2017 – 2020 calculated from EIA price on first day reported each month in year for Brent, WTI and Henry Hub; NBP from Ofgem monthly average<\/li>\n
                                3. NBP average is indicative due to lag in price data<\/li>\n
                                4. Futures prices from ICE, except Henry Hub (CME)<\/li>\n
                                5. PRMS basis prices may vary from company to company as these allow for forecast prices<\/li>\n<\/ol>\n

                                  (c) Ulysses Petroleum Management\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row][vc_row][vc_column width=”1\/5″][\/vc_column][vc_column width=”1\/5″][\/vc_column][vc_column width=”1\/5″][vc_single_image image=”773″ img_size=”full” alignment=”center” onclick=”custom_link” css=”” parallax_scroll=”no” woodmart_inline=”no” link=”https:\/\/ulysses-pm.com\/index.php\/blog\/” el_class=”blogimg001″][\/vc_column][vc_column width=”1\/5″][\/vc_column][vc_column width=”1\/5″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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