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PRODUCT
PRICE FORECAST |
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Including
Operating and Capital Cost Escalation Factors (9) |
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Effective
JULY 1, 2010 |
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OIL (1) |
GAS
(6) |
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Exchange |
WTI |
Edmonton |
Hardisty |
Hardisty |
Cromer |
Henry |
AECO |
B.C. |
Cond. |
Prop. |
But. |
Sulph. |
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Rate |
@ Cushing |
Light (2) |
Bow River (3) |
Heavy (4) |
Midale (5) |
Hub |
Spot |
Spot |
(1) |
(7) |
(7) |
(8) |
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US$/ |
US$/ |
CDN$/ |
CDN$/ |
CDN$/ |
CDN$/ |
US$/ |
CDN$/ |
CDN$/ |
CDN$/ |
CDN$/ |
CDN$/ |
CDN$/ |
|
YEAR |
CDN$ |
bbl |
bbl |
bbl |
bbl |
bbl |
MMbtu |
MMbtu |
MMbtu |
bbl |
bbl |
bbl |
lt |
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2004 Actual |
0.77 |
41.40 |
52.96 |
36.86 |
29.11 |
45.75 |
6.14 |
6.73 |
6.53 |
54.07 |
34.70 |
39.97 |
N/A |
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2005 Actual |
0.83 |
56.53 |
69.74 |
45.62 |
34.35 |
57.58 |
8.62 |
8.47 |
8.53 |
69.43 |
43.34 |
52.78 |
N/A |
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2006 Actual |
0.88 |
66.05 |
73.66 |
51.90 |
43.37 |
62.27 |
7.23 |
6.93 |
6.33 |
75.01 |
44.07 |
60.36 |
N/A |
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2007 Actual |
0.94 |
72.33 |
77.77 |
53.87 |
44.72 |
67.10 |
6.86 |
6.61 |
6.12 |
77.30 |
49.60 |
63.47 |
N/A |
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2008 Actual |
0.94 |
99.59 |
103.26 |
83.90 |
76.35 |
93.13 |
9.02 |
8.13 |
8.12 |
104.70 |
58.64 |
75.09 |
N/A |
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2009 Actual |
0.88 |
61.63 |
66.75 |
59.80 |
55.65 |
63.42 |
4.21 |
4.14 |
4.05 |
68.38 |
38.29 |
47.67 |
N/A |
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2010 Estimate (6 mo.) |
0.97 |
78.28 |
78.25 |
70.09 |
64.23 |
74.64 |
4.79 |
4.61 |
4.39 |
86.65 |
48.70 |
73.00 |
N/A |
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2010 Forecast (6 mo.) |
0.95 |
80.50 |
82.00 |
73.00 |
67.00 |
76.00 |
4.70 |
4.50 |
4.50 |
82.00 |
49.25 |
65.50 |
30.00 |
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2011 Forecast |
0.95 |
84.25 |
86.00 |
75.00 |
69.00 |
79.00 |
5.40 |
5.25 |
5.25 |
86.00 |
51.50 |
68.75 |
30.00 |
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2012 Forecast |
0.95 |
88.00 |
90.00 |
77.00 |
70.00 |
82.00 |
6.10 |
6.00 |
6.00 |
90.00 |
54.00 |
72.00 |
30.00 |
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2013 Forecast |
0.95 |
92.75 |
95.00 |
80.00 |
72.00 |
86.00 |
6.70 |
6.60 |
6.60 |
95.00 |
57.00 |
76.00 |
30.00 |
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2014 Forecast |
0.95 |
97.50 |
100.00 |
83.00 |
74.00 |
90.00 |
7.30 |
7.25 |
7.25 |
100.00 |
60.00 |
80.00 |
30.00 |
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Prices escalating at 2.0 percent annually
thereafter. |
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NOTES: |
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(1) Oil
and Condensate subject to quality differentials and transportation. |
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(2)
Light oil prices for 40.0 degrees API, 0.3% sulphur at Edmonton. |
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(3)
Medium oil prices for Bow River Blend at Hardisty. |
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(4)
Heavy oil prices for 12 degrees API at Hardisty. |
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(5)
Medium oil prices for Midale at Cromer. |
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(6)
Alberta gas prices are quoted at AECO (NOVA Inventory Transfer - NIT),
B.C gas prices at Station #2. |
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(7)
Propane and Butane subject to adjustment from Edmonton to field
prices. |
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(8)
Sulphur price is plant gate Alberta. |
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(9)
Operating & capital costs are forecast to escalate at 2.0% beyond
the first forecast year. |
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RP/SCT/TJN/RKS/DZ/WGT/NJP/DCA/GCW/RES |
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July 7, 2010 |
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