North Slope term price hits 10-year high - October 28, 2000

Providing coverage of Alaska and northern Canada's oil and gas industryOctober 2000

Vol. 5, No. 10

Week of October 28, 2000

North Slope term price hits 10-year high

Kristen Nelson

BP’s term price for Alaska North Slope crude oil hit a 10-year high in October.

The term price of $32.18 a barrel is up 9.6 percent ($2.81 a barrel) from the September term price of $29.37 a barrel, and the highest it has been since October 1990 when it was $32.24 a barrel.

The year-to-date term price average is $27.59 a barrel, up 81 percent from the comparable 1999 year-to-date average of $15.24 a barrel.

BP is the only North Slope producer to post a term price.

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