Shale Crude Oil Benchmark
Shale Benchmark Rolling Month 1
Shale Benchmark Forward Curve
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Calculation Example
Product
Exchanges
Price
Weights
Conversion to bbl
WTI Midland
WTI Midland (Argus)
$39.70
30.00%
1.00
WTI Houston
WTI Houston (Argus)
$40.49
30.00%
1.00
C5 ENT
Mont Belvieu Natural Gasoline (OPIS)
$88.60/Gal
40.00%
2.38
Shale Crude Oil Benchmark (bbl)
$38.94 (bbl)
