Mar 14th - WTI Settlement price - Q2=23.0% & 1H=62.6% complete

Oil above $100....every day above $70 is a great day!

2022 Information

March 14th WTI settled at $103.01 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 71.4% complete

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

2nd Quarter 2022 WTI Pricing now 23.0%complete! (If the last 66 days of Q2 is at or above $71.87 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 62.6% complete!

2022

YTD 2022 avg $85.03 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $106.40 (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! 

Mar 11th - WTI Settlement price - Q2=19.5% & 1H=60.9% complete

Oil above $100....every day above $70 is a great day!

2022 Information

March 11th WTI settled at $109.33 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 60.7% complete

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

2nd Quarter 2022 WTI Pricing now 19.5%complete! (If the last 69 days of Q2 is at or above $73.29 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 60.9% complete!

2022

YTD 2022 avg $84.46 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $106.51 (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! 

Mar 10th - WTI Settlement price - Q2=18.4% & 1H=60.3% complete

Oil above $100....every day above $70 is a great day!

2022 Information

March 10th WTI settled at $106.02 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 57.1% complete

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

2nd Quarter 2022 WTI Pricing now 18.4%complete! (If the last 71 days of Q2 is at or above $73.85 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 60.3% complete!

2022

YTD 2022 avg $84.20 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $106.15 (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! 

Mar 9th - WTI Settlement price - Q2=17.2% & 1H=59.8% complete

Oil above $100....every day above $70 is a great day!

2022 Information

March 9th WTI settled at $108.70 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 53.6% complete

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

2nd Quarter 2022 WTI Pricing now 17.2%complete! (If the last 71 days of Q2 is at or above $74.27 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 59.8% complete!

2022

YTD 2022 avg $84.03 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $106.32 (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! 

Mar 9th...EIA Report. Over 10M draw (including SPR)

Net Draw including SPR draw

Crude -1.863M 

SPR -2.524M

Gas -1.405M 

Dist -5.231M 

Cush -0.585M

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 6.319

Exports 2.422

US crude inventories dropped by 4.387mb last week (commercial -1.863, SPR -2.524mb)

Updated Mar 9th

Crude Stock 82.6% of 5 yr average

Gas stock 105.6% of 5 yr average

Dis stock 82.8% of 5 yr average

Updated Mar 9th

Updated Mar 9th

SPR getting closer to 575!

Mar 8th - WTI Settlement price - Q2=16.1% & 1H=59.2% complete

  Oil above $100....every day above $70 is a great day!

2022 Information

March 6th WTI settled at $123.70 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 50.0% complete

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

2nd Quarter 2022 WTI Pricing now 16.1%complete! (If the last 72 days of Q2 is at or above $74.53 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 59.2% complete!

2022

YTD 2022 avg $83.94 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $106.16 (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 2.0m from last week.

US SPR crude inventories fell by ~2.mb w/w to 577.5mb last week.

Keep draining!

Wait for EIA.

Mar 7th - WTI Settlement price - Q2=14.9% & 1H=58.7% complete

 Oil above $100....every day above $70 is a great day!

2022 Information

March 5th WTI settled at $119.40 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 46.4% complete

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

2nd Quarter 2022 WTI Pricing now 14.9%complete! (If the last 73 days of Q2 is at or above $75.27 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 58.7% complete!

2022

YTD 2022 avg $83.52 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.67 (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! 

Mar 4th - WTI Settlement price - Q2=11.5% & 1H=57.0% complete

 Oil above $100....every day above $70 is a great day!

2022 Information

March 4th WTI settled at $115.68 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 35.7% complete

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

2nd Quarter 2022 WTI Pricing now 11.5%complete! (If the last 76 days of Q2 is at or above $77.11 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 57.0% complete!

2022

YTD 2022 avg $82.40 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $101.24 (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! 

Mar 3rd - WTI Settlement price - Q2=10.3% & 1H=56.4% complete

 Oil above $100....every day above $70 is a great day!

2022 Information

March 3rd WTI settled at $107.67 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 32.1% complete

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

2nd Quarter 2022 WTI Pricing now 10.3%complete! (If the last 77 days of Q2 is at or above $77.71 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 56.4% complete!

2022

YTD 2022 avg $82.00 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $98.99 (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! 

Mar 2nd - WTI Settlement price - Q2=9.2% & 1H=55.9% complete

Oil above $100....every day above $70 is a great day!

2022 Information

March 2nd WTI settled at $110.60 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 28.6% complete

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

2nd Quarter 2022 WTI Pricing now 9.2%complete! (If the last 78 days of Q2 is at or above $78.06 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 55.9% complete!

2022

YTD 2022 avg $81.77 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $98.35 (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! 

Mar 2nd...EIA Report. Over 6M draw (including SPR)

 Net Draw including SPR draw

Crude -2.597M 

SPR -2.364M

Gas -0.468M 

Dist -0.573M 

Cush -0.972M

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 5.767

Exports 3.796

US crude inventories dropped by 4.961mb last week (commercial -2.597, SPR -2.364mb)

Updated Mar 2nd

Crude Stock 88.9% of 5 yr average

Gas stock 98.1% of 5 yr average

Dis stock 83.2% of 5 yr average

Updated Mar 2nd

Updated Mar 2nd

SPR getting closer to 575!

Mar 1st - WTI Settlement price - Q2=8.0% & 1H=55.3% complete

Oil above $100....every day above $70 is a great day!

2022 Information

March 1st WTI settled at $103.41 (Front month Apr 2022)

April 2022 contracts expire March 22nd, 2022.

April 2022 contracts 25.0% complete

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

2nd Quarter 2022 WTI Pricing now 8.0%complete! (If the last 80 days of Q2 is at or above $78.56 we will beat the Q1-2022 WTI average)

1st Half 2022 WTI Pricing now 55.3% complete!

2022

YTD 2022 avg $81.41 (PRIOR YEAR $65.34)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $95.93 (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 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!