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Wednesday, 26 January 2022

Jan 26th - WTI Settlement price - Q1=75.0% & 1H=37.9% complete

Oil above $80....every day above $70 is a great day!


2022 Information

January 26th WTI settled at $87.35 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 23.3% complete

1st Quarter 2022 WTI Pricing now 75.0%complete! (If the last 23 days of Q1 is at or above $76.49 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 37.9% complete!  (If the next 112 days of 1H is at or above $66.32 we will hit a $70 average for 1H which was the key to getting to $1.2B debt


2022

Q1 2022 BTE Cash Flow AFF Q1 = $TBD avg $75.92 (PRIOR YEAR $52.09)

2021

Q1 2021 BTE Cash Flow AFF Q1 = $157M avg WTI $52.09

Q2 2021 BTE Cash Flow AFF Q2 = $176M avg WTI $62.71

Q3 2021 BTE Cash Flow AFF Q3 = $198M avg WTI $70.57

Q4 2021 BTE Cash Flow AFF Q4 = $TBD avg WTI $76.04

Full Year 2021 WTI $65.34 FINAL!