Crude Prices

 

ARG - PENN GRADE CRUDE PRICING ALERT - MAY 2020

 

In an effort to assist and partner with our valued Penn Grade suppliers during this very difficult and uncertain time in the crude oil markets, ARG will pay the greater of the actual market price for Group 1 , 2 and 3 Postings ; or the following minimum price for the first twenty (20) days in May ( May 1st thru May 20th)

 

Group 1: $23.00            Group 2: $20.00              Group 3: $18.00

           

We will continue to monitor the market and ensure you receive a competitive market price for your Penn Grade crude oil production.

                                              

If you have any questions, please contact your Crude Relationship Manager

Matt Teichmer: (330) 324-5075 for OH/WVA

Dan Palmer: (814) 558-0011 for PA/NY


 

Please note that the actual price paid for your load is an average, computed in three monthly cycles, based on the Daily Postings for calendar days 1 - 10, 11 - 20 and 21 - month end. [Click Here] for the calculated averages.

[Click Here] for the All ARG Crude Oil Price Archives.

ARG GROUP PRICING CATEGORIES AND DEFINITIONS FOR PENNSYLVANIA GRADE CRUDE OIL (LEGACY)

GROUP 1 (OH/PA/NY)- 150.0 or more net barrels from up to three locations within 10 miles of each other, with BS&W of 2.5% or less.,

GROUP 2 (OH/PA/NY)- 60.0 – 149.99 net barrels from a single location.

GROUP 3 (OH/PA/NY)- 30-59.9 net barrels from a single location.

For questions relating to ARG Group Pricing or Utica / Marcellus Shale pricing, please contact:
Bill Murray, VP-Crude Supply & Logistics- 330-649-2832; bmurray@amref.com


 

Date DAILY POSTING BASED ON
 NYMEX CLOSING PRICE
  DAILY POSTING BASED ON
 SPECIAL MARKET ADJUSTMENTS
GROUP 1
OH/NY/PA
GROUP 2
OH/NY/PA
GROUP 3
OH/NY/PA
GROUP 1
OH/NY/PA
GROUP 2
OH/NY/PA
GROUP 3
OH/NY/PA
5/1/2020 $18.78 $15.78 $13.78   $23.00 $20.00 $18.00
5/2/2020 $18.78 $15.78 $13.78   $23.00 $20.00 $18.00
5/3/2020 $18.78 $15.78 $13.78   $23.00 $20.00 $18.00
5/4/2020 $19.39 $16.39 $14.39   $23.00 $20.00 $18.00
5/5/2020 $23.56 $20.56 $18.56   $23.00 $20.00 $18.00
5/6/2020 $22.99 $19.99 $17.99   $23.00 $20.00 $18.00
5/7/2020 $22.55 $19.55 $17.55   $23.00 $20.00 $18.00
5/8/2020 $23.74 $20.74 $18.74   $23.00 $20.00 $18.00
5/9/2020 $23.74 $20.74 $18.74   $23.00 $20.00 $18.00
5/10/2020 $23.74 $20.74 $18.74   $23.00 $20.00 $18.00
1-10 AVG $21.61 $18.61 $16.61   $23.00 $20.00 $18.00
5/11/2020 $23.14 $20.14 $18.14   $23.00 $20.00 $18.00
5/12/2020 $24.78 $21.78 $19.78   $23.00 $20.00 $18.00
5/13/2020 $24.29 $21.29 $19.29   $23.00 $20.00 $18.00
5/14/2020 $26.56 $23.56 $21.56   $23.00 $20.00 $18.00
5/15/2020 $28.43 $25.43 $23.43   $23.00 $20.00 $18.00
5/16/2020 $28.43 $25.43 $23.43   $23.00 $20.00 $18.00
5/17/2020 $28.43 $25.43 $23.43   $23.00 $20.00 $18.00
5/18/2020 $30.82 $27.82 $25.82   $23.00 $20.00 $18.00
5/19/2020 $31.50 $28.50 $26.50   $23.00 $20.00 $18.00
5/20/2020 $32.49 $29.49 $27.49   $23.00 $20.00 $18.00
11-20 AVG $27.89 $24.89 $22.89   $23.00 $20.00 $18.00
5/21/2020 $32.92 $29.92 $27.92
5/22/2020 $32.25 $29.25 $27.25
5/23/2020 $32.25 $29.25 $27.25
5/24/2020 $32.25 $29.25 $27.25
5/25/2020 $32.25 $29.25 $27.25
5/26/2020 $33.35 $30.35 $28.35
5/27/2020 $31.81 $28.81 $26.81
5/28/2020 $32.71 $29.71 $27.71
5/29/2020 $34.49 $31.49 $29.49
5/30/2020 $34.49 $31.49 $29.49
5/31/2020 $34.49 $31.49 $29.49
21-31 AVG $33.02 $30.02 $28.02