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  • Bob George

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:

  1. Historic oil and gas prices from EIA, Ofgem

  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

  3. NBP average is indicative due to lag in price data

  4. Futures prices from ICE, except Henry Hub (CME)

  5. PRMS basis prices may vary from company to company as these allow for forecast prices


(c) Ulysses Petroleum Management

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