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 FIRST OF MONTH BENCHMARK PRICES
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 As specified by the SEC regulations, when calculating economic producibility, the base product price must be the 12-month average price, calculated as the unweighted arithmetic average of the first-day-of-the-month price for each month within the prior 12-month period.
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2026$/MMBtu$/bbl
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APPALACHIAPLAINS**NYMEX FUTURES***ERGON CRUDE
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EASTERNTEXASWEST TEXASMARCELLUS -
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HENRY HUBGASCOLUMBIAEASTERNWEST TEXASINTERMEDIATEOH, PA, NYWVUTICA
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LOUISIANASOUTHGASM-2 INTERMEDIATECUSHING, OKTIER 1TIER 1CONDENSATE
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 January 1 $ 3.960 $ 3.095 $ 3.200 $ 3.170 $ 53.90 $ 57.42 $ 56.42 $ 56.42 $ 38.42
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 February 1 $ 7.265 $ 6.020 $ 6.740 $ 6.685 $ 61.69 $ 65.21 $ 64.21 $ 64.21 $ 46.21
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 March 1 $ 2.980 $ 2.595 $ 2.580 $ 2.635 $ 63.50 $ 67.02 $ 66.02 $ 66.02 $ 48.02
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 April 1 $ 3.145 $ 1.910 $ 2.200 $ 1.840 $ 96.60 $ 100.12 $ 99.12 $ 99.12 $ 81.12
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 May 1 $ 2.635 $ 1.990 $ 2.115 $ 1.960 $ 98.42 $ 101.94 $ 100.94 $ 100.94 $ 82.94
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 June 1 $ 3.340 $ 2.060 $ 2.170 $ 2.045 $ 88.64 $ 92.16 $ 91.16 $ 90.16 $ 73.16
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 July 1 $ 3.340 $ 2.675 $ 2.745 $ 2.740 $ 65.06 $ 68.58 $ 67.58 $ 66.58 $ 49.58
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 August 1 $ - $ - $ - $ - $ - $ - $ - $ - $ -
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 September 1
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 October 1
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 November 1
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 December 1
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1ST DAY OF MONTH AVERAGE 2026 $ 3.333 $ 2.543 $ 2.719 $ 2.634 $ 65.98 69.0668.1867.9352.43
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*12-MONTH RUNNING AVERAGE $ 3.649 $ 2.717 $ 2.873 $ 2.792 $ 68.64 $ 72.16 $ 71.16 $ 70.99 $ 53.16
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2025$/MMBtu$/bbl
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APPALACHIAPLAINS**NYMEX FUTURES***ERGON CRUDE
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EASTERNTEXASWEST TEXASMARCELLUS -
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HENRY HUBGASCOLUMBIAEASTERNWEST TEXASINTERMEDIATEOH, PA, NYWVUTICA
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LOUISIANASOUTHGASM-2 INTERMEDIATECUSHING, OKTIER 1TIER 1CONDENSATE
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 January 1 $ 3.390 $ 3.030 $ 3.205 $ 3.115 $ 68.20 $ 71.72 $ 70.72 $ 70.72 $ 52.72
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 February 1 $ 2.920 $ 2.695 $ 2.760 $ 2.740 $ 69.01 $ 72.53 $ 71.53 $ 71.53 $ 53.53
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 March 1 $ 3.890 $ 3.465 $ 3.540 $ 3.525 $ 66.24 $ 69.76 $ 68.76 $ 68.76 $ 50.76
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 April 1 $ 4.125 $ 3.360 $ 3.495 $ 3.385 $ 67.68 $ 71.20 $ 70.20 $ 70.20 $ 52.20
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 May 1 $ 3.115 $ 2.380 $ 2.540 $ 2.405 $ 55.72 $ 59.24 $ 58.24 $ 58.24 $ 40.24
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 June 1 $ 2.800 $ 1.565 $ 1.985 $ 1.575 $ 57.27 $ 60.79 $ 59.79 $ 59.79 $ 41.79
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 July 1 $ 3.280 $ 2.665 $ 2.825 $ 2.785 $ 61.93 $ 65.45 $ 64.45 $ 64.45 $ 46.45
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 August 1 $ 2.950 $ 2.235 $ 2.455 $ 2.290 $ 63.81 $ 67.33 $ 66.33 $ 66.33 $ 48.33
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 September 1 $ 2.875 $ 1.390 $ 1.635 $ 1.370 $ 60.49 $ 64.01 $ 63.01 $ 63.01 $ 45.01
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 October 1 $ 3.130 $ 1.765 $ 1.765 $ 1.800 $ 58.26 $ 61.78 $ 60.78 $ 60.78 $ 42.78
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 November 1 $ 3.580 $ 3.010 $ 2.855 $ 2.945 $ 57.46 $ 60.98 $ 59.98 $ 59.98 $ 41.98
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 December 1 $ 4.585 $ 3.855 $ 4.020 $ 4.025 $ 55.80 $ 59.32 $ 58.32 $ 58.32 $ 40.32
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 1ST DAY OF MONTH AVERAGE 2025$3.387$2.618$2.757$2.663 $ 61.82 $65.34$64.34$64.34$46.34
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The product prices depicted on this website are derived from the sources referenced below and are provided without warranty to the accuracy or reliabilty.
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* 12-month average price, calculated as the unweighted arithmetic average of the first-day-of-the-month price for each month within the prior 12-months.
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** Plains Marketing, L.P. — Crude Oil Price Bulletins (https://www.plains.com/customers/crude-oil-bulletins/plains-marketing-price-bulletins)
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*** CME Group Crude Oil NYMEX Futures (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude)
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 NOTE: ERGON ALSO POSTS TIER 2 OIL PRICES FOR DELIVERIES UNDER 156 BBLS ($2.00 DEDUCT) AND TIER 3 OIL PRICES FOR DELIVERIES UNDER 60 BBLS ($3.50 DEDUCT)
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