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TERMINOLOGY
View Data for 2007

West Texas Intermediate ("WTI") Crude Oil Posting is obtained from the Crude Oil Bulletin of the respective crude oil purchaser. The monthly crude oil price is one insight into the pricing intelligence of refineries and crude oil purchasers. Typically, the daily posted crude oil price is a benchmark price from where a lease bonus is also added or subtracted from the bulletin price, depending upon the oil gravity, the distance to Cushing, Oklahoma, and other negotiated issues.

WTI Postings 2008

Date Name Price
Compliments of GASearch Energy Intelligence
(972) 899-0175

WTI Postings April, 2008

Apr 2008CHEVRON USA$109.258
Apr 2008CONOCOPHILLIPS$109.198
Apr 2008FLINT HILLS RESOURCES LP$109.292
Apr 2008MURPHY OIL USA INC$109.308
Apr 2008NATIONAL COOP REFINERY$103.725
Apr 2008NATIONAL COOP REFINERY (2)$103.725
Apr 2008NAVAJO REFINING COMPANY$109.137
Apr 2008PLAINS MARKETING LP$109.058
Apr 2008SHELL TRADING (US) COMPANY$109.287
Apr 2008SUNOCO PARTNERS MKTNG TERMINAL$109.058
Apr 2008TEPPCO CRUDE OIL$109.067
Apr 2008VALERO MARKETING$109.075
Apr 2008WTI NYMEX CM$112.463
Apr 2008WTI NYMEX OM$104.630
Compliments of GASearch Energy Intelligence
(972) 899-0175

WTI Postings March, 2008

Mar 2008CHEVRON USA$101.815
Mar 2008CONOCOPHILLIPS$101.867
Mar 2008FLINT HILLS RESOURCES LP$101.887
Mar 2008MURPHY OIL USA INC$101.887
Mar 2008NATIONAL COOP REFINERY$96.419
Mar 2008NATIONAL COOP REFINERY (2)$96.419
Mar 2008NAVAJO REFINING COMPANY$101.750
Mar 2008PLAINS MARKETING LP$101.621
Mar 2008SHELL TRADING (US) COMPANY$101.865
Mar 2008SUNOCO PARTNERS MKTNG TERMINAL$101.637
Mar 2008TEPPCO CRUDE OIL$101.697
Mar 2008VALERO MARKETING$101.629
Mar 2008WTI NYMEX CM$105.420
Mar 2008WTI NYMEX OM$93.440
Compliments of GASearch Energy Intelligence
(972) 899-0175

WTI Postings February, 2008

Feb 2008CHEVRON USA$91.629
Feb 2008CONOCOPHILLIPS$91.636
Feb 2008FLINT HILLS RESOURCES LP$91.638
Feb 2008MURPHY OIL USA INC$91.638
Feb 2008NATIONAL COOP REFINERY$86.414
Feb 2008NATIONAL COOP REFINERY (2)$86.414
Feb 2008NAVAJO REFINING COMPANY$91.566
Feb 2008PLAINS MARKETING LP$91.388
Feb 2008SHELL TRADING (US) COMPANY$91.631
Feb 2008SUNOCO PARTNERS MKTNG TERMINAL$91.388
Feb 2008TEPPCO CRUDE OIL$91.466
Feb 2008VALERO MARKETING$91.414
Feb 2008WTI NYMEX CM$95.349
Feb 2008WTI NYMEX OM$93.780
Compliments of GASearch Energy Intelligence
(972) 899-0175

WTI Postings January, 2008

Jan 2008CHEVRON USA$89.734
Jan 2008CONOCOPHILLIPS$89.682
Jan 2008FLINT HILLS RESOURCES LP$89.709
Jan 2008MURPHY OIL USA INC$89.686
Jan 2008NATIONAL COOP REFINERY$84.476
Jan 2008NATIONAL COOP REFINERY (2)$84.476
Jan 2008NAVAJO REFINING COMPANY$89.613
Jan 2008PLAINS MARKETING LP$89.452
Jan 2008SHELL TRADING (US) COMPANY$89.671
Jan 2008SUNOCO PARTNERS MKTNG TERMINAL$89.452
Jan 2008TEPPCO CRUDE OIL$89.512
Jan 2008VALERO MARKETING$89.436
Jan 2008WTI NYMEX CM$92.930
Jan 2008WTI NYMEX OM$91.083

View Data for 2007

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Latest Oil & Gas News

Futures Movers: Oil futures end slightly lower as natural gas prices drop 2% (Market Watch)
Crude-oil futures turn lower, retreating from an earlier climb of as much as $2 a barrel, as a bigger-than-expected climb in U.S. natural gas supplies pushes prices for natural gas to their lowest level in more than a week.
Oil prices reverse course and fall; natural gas prices drop (Canadian Business)
NEW YORK - Oil futures gave up earlier gains and fell Thursday, a move analysts attributed to the expiration of options and to a sharp drop in natural gas prices.
Oil slips on natural gas stockbuild, profit taking (Reuters via Yahoo! India News)
NEW YORK (Reuters) - Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs.
Oil falls as options expire; gas prices rise (Richmond Times-Dispatch)
NEW YORK (AP) -- Oil futures gave up early gains and fell sharply Thursday, a move analysts attributed to the expiration of options and to a sharp drop in natural gas prices. Retail gas prices, meanwhile, advanced past $3.77 a gallon.

Latest TX Water Rights News

Perry Appoints Texas Tech Grad to Evergreen Underground Water Conservation District (KCBD-TV Lubbock)
Governor Rick Perry appointed Darrell Brownlow of Floresville to the Evergreen Underground Water Conservation District for a term to expire Feb. 1, 2009.
Billionaire begins to obtain easements (KXAN 36 Austin)
LUBBOCK, Texas (AP) - Some Texas Panhandle landowners are not happy with the idea of making way for billionare T. Boone Pickens. The oil and investment tycoon plans to build a water pipeline and aboveground utility lines along a proposed 250-mile path in 11 counties.
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