2020 Reserves Basis Oil and Gas Prices
Annual average (SEC basis, first of month) 2020 oil and gas prices, and quarterly futures prices for years 2021 - 2029 :
Brent
2020 US$ 42.25/Bbl
2019 US$ 62.82/Bbl
2018 US$ 71.75/Bbl
2017 US$ 54.47/Bbl
WTI
2020 US$ 39.72/Bbl
2019 US$ 56.99/Bbl
2018 US$ 65.66/Bbl
2017 US$ 51.03/Bbl
Brent-WTI Differential
2020 US$ 2.53/Bbl
2019 US$ 7.17/Bbl
2018 US$ 6.09/Bbl
2017 US$ 3.44/Bbl
Henry Hub
2020 US$ 1.97/MMBtu
2019 US$ 2.60/MMBtu
2018 US$ 3.33/MMBtu
2017 US$ 2.97/MMBtu
NBP
2020 25.00 pence/Therm*
2019 34.71 pence/Therm
2018 60.36 pence/Therm
2017 45.06 pence/Therm
Notes:
Historic oil and gas prices from EIA, Ofgem
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
NBP average is indicative due to lag in price data
Futures prices from ICE, except Henry Hub (CME)
PRMS basis prices may vary from company to company as these allow for forecast prices
(c) Ulysses Petroleum Management