Armstrong takes larger acreage share; exploration drilling deferred
BP's December term price for Alaska North Slope crude oil is $32.71 a barrel, a record high, up 3.32 percent from November's term price of $31.66 a barrel, and up 39 percent from the December 1999 term price of $23.61 a barrel.
The December price is the high for the year; the low for the year was a May term price of $23.96 a barrel.
The year-to-date average term price is $28.36 a barrel, up 72 percent from the comparable 1999 year-to-date average of $16.49 a barrel.
BP is the only North Slope producer to post a term price.
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