Feb 28th - WTI Settlement price - Q2=6.9% & 1H=54.7% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 28th WTI settled at $95.72 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 21.4% complete

1st Quarter 2022 WTI Pricing now 100.0%complete! (Q1 officially beat the Q4 WTI average)

2nd Quarter 2022 WTI Pricing now 6.9%complete! (If the last 80 days of Q2 is at or above $78.97 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 53.1% complete!

2022

YTD 2022 avg $81.11 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $93.76 (PRIOR YEAR $62.71)

Q1 2022 BTE Cash Flow AFF Q1 = $TBD avg $80.15 (PRIOR YEAR $52.09)

2021

Q4 2021 BTE Cash Flow AFF Q4 = $215M avg WTI $76.04

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

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

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

Full Year 2021 WTI $65.34 FINAL! 

SPR down 2.4m from last week.

  US SPR crude inventories fell by ~2.4mb w/w to 580.0mb last week.  

This brings the YTD total to 13.7MB. 43.7MB was released in 2021.

Keep draining!

Wait for EIA.

Duvernay tracking blog

 Company information below (in yellow) 

1. Additional information I have noticed

2. Information from the Company website

Pembina Duvernay 

• ~ 200 sections of 100% WI lands

• Eleven wells drilled to date have delineated a minimum of 100-125 sections

• Produced 2,000 boe/d (82% liquids) in 2021

• Two wells onstream Q4/2021:

        6-8 generated a 30-day IP rate of 1,230 boe/d (66% oil);

        7-8 generated a 30-day IP rate of 944 boe/d (75% oil)

• Currently drilling a 3-well pad; expected to be onstream in Q3/2022

Reference:

https://www.baytexenergy.com/files/pdf/corporate-handouts/2022/2022-03%20March%20Presentation.pdf

Feb 25th - WTI Settlement price - Q2=3.4% & 1H=53.1% complete

 Oil above $90....every day above $70 is a great day!

2022 Information

February 25th WTI settled at $91.59 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 10.7% complete

1st Quarter 2022 WTI Pricing now 100.0%complete! (Q1 officially beat the Q4 WTI average)

2nd Quarter 2022 WTI Pricing now 3.4%complete! (If the last 83 days of Q2 is at or above $79.59 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 53.1% complete!

2022

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $92.02 (PRIOR YEAR $62.71)

Q1 2022 BTE Cash Flow AFF Q1 = $TBD avg $80.15 (PRIOR YEAR $52.09)

2021

Q4 2021 BTE Cash Flow AFF Q4 = $215M avg WTI $76.04

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

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

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

Full Year 2021 WTI $65.34 FINAL! 

Feb 24th - WTI Settlement price - Q2=2.3% & 1H=52.5% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 24th WTI settled at $92.81 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 7.1% complete

1st Quarter 2022 WTI Pricing now 100.0%complete! (Q1 officially beat the Q4 WTI average)

2nd Quarter 2022 WTI Pricing now 2.3%complete! (If the last 84 days of Q2 is at or above $79.72 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 52.0% complete!  (If the last 84 days of 1H is at or above $57.94 we will hit a $70 average for 1H which was the key to getting to $1.2B debt) 

2022

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $92.57 (PRIOR YEAR $62.71)

Q1 2022 BTE Cash Flow AFF Q1 = $TBD avg $80.15 (PRIOR YEAR $52.09)

2021

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

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

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

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

Full Year 2021 WTI $65.34 FINAL! 

Feb 24th...EIA Report. Net chg 0.9 (including SPR)

 Net Draw including SPR draw

Crude +4.515M 

SPR -2.444M

Gas -0.582M 

Dist -0.585M 

Cush -2.049M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 11.6 vs 11.6 last week

Imports 6,828

Exports 2,686

US crude inventories rose by 2.070mb last week (commercial +4.514, SPR -2.444mb)

Updated Feb 24th

Crude Stock 90.8% of 5 yr average

Gas stock 96.7% of 5 yr average

Dis stock 81.6% of 5 yr average

Updated Feb 24th

Updated Feb 9th

SPR below 585!!

Feb 23rd - WTI Settlement price - Q2=2.3% & 1H=52.5% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 24th WTI settled at $92.81 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 7.1% complete

1st Quarter 2022 WTI Pricing now 100.0%complete! (Q1 officially beat the Q4 WTI average)

2nd Quarter 2022 WTI Pricing now 2.3%complete! (If the last 84 days of Q2 is at or above $79.72 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 52.0% complete!  (If the last 84 days of 1H is at or above $57.94 we will hit a $70 average for 1H which was the key to getting to $1.2B debt) 

2022

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $92.57 (PRIOR YEAR $62.71)

Q1 2022 BTE Cash Flow AFF Q1 = $TBD avg $80.15 (PRIOR YEAR $52.09)

2021

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

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

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

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

Full Year 2021 WTI $65.34 FINAL! 

SPR down 2.4m from last week.

US SPR crude inventories fell by ~2.4mb w/w to 582.4mb last week.  

Keep draining!

Wait for EIA.

Feb 22nd - WTI Settlement price - Q2=1.1% & 1H=52.0% complete

 Oil above $90....every day above $70 is a great day!

2022 Information

February 22nd WTI settled at $92.35 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 1.1% complete

1st Quarter 2022 WTI Pricing now 100.0%complete! (Q1 officially beat the Q4 WTI average)

2nd Quarter 2022 WTI Pricing now 1.1%complete! (If the last 86 days of Q2 is at or above $80.03 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 52.0% complete!  (If the last 86 days of 1H is at or above $58.75 we will hit a $70 average for 1H which was the key to getting to $1.2B debt) 

2022

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $91.73 (PRIOR YEAR $62.71)

Q1 2022 BTE Cash Flow AFF Q1 = $TBD avg $80.15 (PRIOR YEAR $52.09)

2021

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

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

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

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

Full Year 2021 WTI $65.34 FINAL! 

Feb 18th - WTI Settlement price - Q1=100% & 1H=50.5% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 18th WTI settled at $91.07 (Front month Mar 2022)

March 2022 contracts expired today February 18th, 2022.

March 2022 contracts 100.0% complete

1st Quarter 2022 WTI Pricing now 100.0%complete! (Q1 officially beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 50.5% complete!  (If the next 89 days of 1H is at or above $59.98 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 $79.47 (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! 

Feb 17th - WTI Settlement price - Q1=98.9% & 1H=50.0% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 17th WTI settled at $91.76 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 96.7% complete

1st Quarter 2022 WTI Pricing now 98.9%complete! (Q1 will officially beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 50.0% complete!  (If the next 90 days of 1H is at or above $60.32 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 $79.48 (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! 

Feb 16th - WTI Settlement price - Q1=97.8% & 1H=49.5% complete

 Oil above $90....every day above $70 is a great day!

2022 Information

February 16th WTI settled at $93.66 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 93.3% complete

1st Quarter 2022 WTI Pricing now 97.8%complete! (Q1 will officially beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 49.5% complete!  (If the next 91 days of 1H is at or above $60.64 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 $79.36 (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! 

Feb 16th...EIA Report. Big Net Draw (including SPR)

 Net Draw including SPR draw

Crude 1.121M 

SPR -2.687M

Gas -1.331M 

Dist -1.552M 

Cush -1.900M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 11.6 vs 11.6 last week

Imports 5,790

Exports 2,271

US crude inventories fell by 1.566 mb last week (commercial +1.121mb, SPR -2.687mb)

Updated Feb 16th

Crude Stock 89.5% of 5 yr average

Gas stock 96.4% of 5 yr average

Dis stock 80.4% of 5 yr average

Updated Feb 16th

Updated Feb 9th

SPR below 585!!

Feb 15th - WTI Settlement price - Q1=96.7% & 1H=48.9% complete

 Oil above $90....every day above $70 is a great day!

2022 Information

February 15th WTI settled at $92.07 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 90.0% complete

1st Quarter 2022 WTI Pricing now 96.7%complete! (Q1 will officially beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 48.9% complete!  (If the next 92 days of 1H is at or above $61.02 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 $79.18 (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! 

Feb 14th - WTI Settlement price - Q1=95.7% & 1H=48.4% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 14th WTI settled at $95.46 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 86.7% complete

1st Quarter 2022 WTI Pricing now 95.7%complete! (Q1 will officially beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 48.4% complete!  (If the next 93 days of 1H is at or above $61.35 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 $79.08 (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! 

Frac Spread - Latest Update

 Last Update 5/06/2022

SPR down 2.7m from last week.

US SPR crude inventories fell by ~2.7mb w/w to 584.8mb last week. 

Keep draining!

Wait for EIA.

Feb 11th - WTI Settlement price - Q1=92.4% & 1H=46.7% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 10th WTI settled at $93.10 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 76.7% complete

1st Quarter 2022 WTI Pricing now 92.4%complete! (If the last 7 days of Q1 is at or above $40.60 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 46.7% complete!  (If the next 97 days of 1H is at or above $62.37 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 $78.52 (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! 

Feb 10th - WTI Settlement price - Q1=91.3% & 1H=46.2% complete

 Oil above $89....every day above $70 is a great day!

2022 Information

February 8th WTI settled at $89.88 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 70.0% complete

1st Quarter 2022 WTI Pricing now 91.3%complete! (If the last 8 days of Q1 is at or above $48.55 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 46.2% complete!  (If the next 98 days of 1H is at or above $62.75 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 $78.31 (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! 

Feb 9th - WTI Settlement price - Q1=90.2% & 1H=45.6% complete

Oil above $89....every day above $70 is a great day!

2022 Information

February 8th WTI settled at $89.66 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 70.0% complete

1st Quarter 2022 WTI Pricing now 90.2%complete! (If the last 9 days of Q1 is at or above $53.75 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 45.6% complete!  (If the next 99 days of 1H is at or above $63.00 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 $78.17 (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! 

Feb 9th...EIA Report. Big Net Draw (including SPR)

 Net Draw including SPR draw

Crude -4.756M 

SPR -1.397M

Gas -1.644M 

Dist -0-929M 

Cush -2.801M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production back to prior week 11.6 vs 11.5 last week

Imports 6,389

Exports 3,100

US crude inventories fell by 6.153 mb last week (commercial -4.756mb, SPR -1.397mb)

Updated Feb 9th

Crude Stock 89.6% of 5 yr average

Gas stock 97.2% of 5 yr average

Dis stock 80.7% of 5 yr average

Updated Feb 9th

Updated Feb 9th

SPR below 590!!

Feb 8th - WTI Settlement price - Q1=89.1% & 1H=45.1% complete

Oil above $89....every day above $70 is a great day!

2022 Information

February 8th WTI settled at $89.36 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 66.7% complete

1st Quarter 2022 WTI Pricing now 89.1%complete! (If the last 10 days of Q1 is at or above $57.75 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 45.1% complete!  (If the next 100 days of 1H is at or above $63.27 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 $78.03 (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! 

SPR down 1.4m from last week.

US SPR crude inventories fell by ~1.4mb w/w to 587.5mb last week.

Keep draining!

Wait for EIA.

IRROC Report Jan 31st shorts covered a bit but still plenty short 22.1M

Still a good short position. Nice to see heading into Q4/YE reports. Looking forward to seeing the financial and operational progress....after today 17 days/12 trading days to go.

I also graphed the data I had with shares short vs. share price for those who like visuals.

Short position Aug 31 - 22,186,348

Short position Sep 15 - 22,380,069

Short position Sep 30 - 23,046,469

Short position Oct 15 - 21,603,070

Short position Oct 31 - 20,787,612

Short position Nov 15 - 20,518,002

Short position Nov 30 - 18,431,877

Short position Dec 15 - 19,340,886

Short position Dec 31 - 23,221,497

Short position Jan 15 - 23,128,023 (Little change...shorts in deep red)

Short position Jan 31 - 22,172,321 (A little covering as we break $5. Still lots to cover)

REFERENCE:
https://www.iiroc.ca/sections/markets/reports-statistics-and-other-information/short-sale-trading-statistics-and-reports

Feb 7th - WTI Settlement price - Q1=88.0% & 1H=44.5% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 7th WTI settled at $91.32 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 63.3% complete

1st Quarter 2022 WTI Pricing now 88.0%complete! (If the last 11 days of Q1 is at or above $60.75 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 44.5% complete!  (If the next 101 days of 1H is at or above $63.52 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 $77.91 (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! 

Feb 4th - WTI Settlement price - Q1=84.8% & 1H=42.9% complete

 Oil above $90....every day above $70 is a great day!

2022 Information

February 4th WTI settled at $92.31 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 53.3% complete

1st Quarter 2022 WTI Pricing now 84.8%complete! (If the last 14 days of Q1 is at or above $67.95 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 42.9% complete!  (If the next 104 days of 1H is at or above $64.35 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 $77.40 (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! 

Feb 3rd - WTI Settlement price - Q1=83.7% & 1H=42.3% complete

Oil above $90....every day above $70 is a great day!

2022 Information

February 3rd WTI settled at $90.27 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 50% complete

1st Quarter 2022 WTI Pricing now 83.7%complete! (If the last 15 days of Q1 is at or above $69.75 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 42.3% complete!  (If the next 105 days of 1H is at or above $64.62 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 $77.18 (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! 

Feb 2nd - WTI Settlement price - Q1=82.6% & 1H=41.8% complete

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

2022 Information

February 1st WTI settled at $88.26 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 46.7% complete

1st Quarter 2022 WTI Pricing now 82.6%complete! (If the last 16 days of Q1 is at or above $71.25 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 41.2% complete!  (If the next 106 days of 1H is at or above $64.90 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 $76.98 (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! 

Feb 2nd...EIA Report. Net draw (including SPR)

Net Draw including SPR draw

Crude -1.046M 

SPR -1.870M

Gas +2.119M 

Dist -2.411M 

Cush -1.173M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production dropped 11.6 vs 11.5 last week

Imports 7,085

Exports 2,376

US crude inventories fell by 2.917 mb last week (commercial -1.047mb, SPR -1.870mb)

Updated Feb 2nd

Crude Stock 91.4% of 5 yr average

Gas stock 98.4% of 5 yr average

Dis stock 81.4% of 5 yr average

Updated Feb 2nd

Updated Feb 2nd

SPR below 590!!

SPR down 1.9m from last week.

US SPR crude inventories fell by ~1.9mb w/w to 588.9mb last week.

Keep draining!

Wait for EIA.

Feb 1st - WTI Settlement price - Q1=81.5% & 1H=41.2% complete

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

2022 Information

February 1st WTI settled at $88.20 (Front month Mar 2022)

March 2022 contracts expire February 18th, 2022.

March 2022 contracts 43.3% complete

1st Quarter 2022 WTI Pricing now 81.5%complete! (If the last 17 days of Q1 is at or above $72.30 we will beat the Q4 WTI average)

1st Half 2022 WTI Pricing now 41.2% complete!  (If the next 107 days of 1H is at or above $65.10 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 $76.83 (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!