ANS term price up 25 percent - April 28, 1999

Providing coverage of Alaska and northern Canada's oil and gas industryApril 1999

Vol. 4, No. 4

Week of April 28, 1999

ANS term price up 25 percent

Petroleum News Alaska Staff

BP Amoco’s April term price for Alaska North Slope crude is $13.07 a barrel, up $2.60 a barrel, 24.8 percent, from March’s term price of $10.47 a barrel.

In January the term price was $9.37 a barrel, the lowest it had been since July 1986 when it stood at $9 a barrel.

The year-to-date average term price is $10.93 a barrel, down 23 percent from the comparable 1998 year-to-date average of $14.19 a barrel. The 1999 April term price is 7 percent above the 1998 April term price of $12.23 a barrel.

The term price represents an average of spot prices for the previous month. BP Amoco has the largest percent of ANS production and is the only producer to post term prices.

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