CRUDE OIL PRICE BULLETIN - RECAP
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- April Harris
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1 1 Effective 7: AM on the effective date(s) shown, subject to change without notice and subject to its division orders and other contracts Plains Marketing LP will pay the following prices adjusted for American Petroleum Institute (API) gravity per barrel /29/17 1/2/18 1/3/18 1/4/18 1/5/18 1/8/18 $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL * 56.5 * 57.5 * 58. * 57.5 * * 57. * 58. * 58.5 * 58. * * 55. * * * * * 57. * 58. * 58.5 * 58. * * 57. * 58. * 58.5 * 58. * * 54.5 * 55.5 * 56. * 55.5 * * * * * * * * * * * * * * * * * * * * * * * * * * * 5.75 * * * * * 5.75 * * * * * 5.75 * * * * * 5.5 * 51.5 * 52. * 51.5 * * * * * * * 56.5 * 57.5 * 58. * 57.5 * * 57. * 58. * 58.5 * 58. * * 57. * 58. * 58.5 * 58. * * 57. * 58. * 58.5 * 58. * * 55. * * * * * 54. * 55. * 55.5 * 55. * * 56.5 * 57.5 * 58. * 57.5 * * 57.5 * 58.5 * 59. * 58.5 * * * * * * * 54. * 55. * 55.5 * 55. * * 55.5 * 56.5 * 57. * 56.5 * * 52.5 * 53.5 * 54. * 53.5 * * 53. * 54. * 54.5 * 54. * * 55.5 * 56.5 * 57. * 56.5 * * 5.5 * 51.5 * 52. * 51.5 * * 47.5 * 48.5 * 49. * 48.5 * * 53.5 * 54.5 * 55. * 54.5 * * 53.5 * 54.5 * 55. * 54.5 * * * * * * * * * * * * 43.2 * 44.2 * 44.7 * 44.2 * * 48.5 * 49.5 * 5. * 49.5 * * 49. * 5. * 5.5 * 5. * * 5.6 * 51.6 * 52.1 * 51.6 * * 48.3 * 49.3 * 49.8 * 49.3 * * 47. * 48. * 48.5 * 48. * * 57. * 58. * 58.5 * 58. * * 57. * 58. * 58.5 * 58. * * 53. * 54. * 54.5 * 54. * * 57. * 58. * 58.5 * 58. * * 52.5 * 53.5 * 54. * 53.5 * * 52. * 53. * 53.5 * 53. * * 44.5 * 45.5 * 46. * 45.5 * * * * * * * * * * * * * * 55.8 * * * 54.1 * 55.1 * 55.6 * 55.1 * or for price bulletin information. 2/1/ Page 1 of 5
2 /9/18 1/1/18 1/11/18 1/12/18 1/16/18 1/17/18 1/18/18 $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL 59. * 59.5 * * 6.25 * 6. * * 6. * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * * * 57.9 * 58.4 * * 57.9 * * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 57. * 57.5 * * * 58. * * 58. * * * 57.5 * 58. * * 57.5 * * * * 57.5 * 58. * * 57.5 * * * * 56.5 * 57. * * 56.5 * * * * 57.5 * 58. * * 57.5 * * * * 55.5 * 56. * * 55.5 * * * * 54. * 54.5 * * 54. * * * * 54. * 54.5 * * 54. * * * * 54. * 54.5 * * 54. * * 53. * 53.5 * * * 54. * * 54. * * * 47.5 * 48. * * 47.5 * * 59. * 59.5 * * 6.25 * 6. * * 6. * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * * * 57.9 * 58.4 * * 57.9 * * 56.5 * 57. * * * 57.5 * * 57.5 * 59. * 59.5 * * 6.25 * 6. * * 6. * 6. * 6.5 * 6.75 * * 61. * 6.75 * 61. * * * 6. * 6.5 * 6.25 * 6. * 6.25 * 56.5 * 57. * * * 57.5 * * 57.5 * 58. * 58.5 * * * 59. * * 59. * 55. * 55.5 * * * 56. * * 56. * 55.5 * 56. * * * 56.5 * * 56.5 * 58. * 58.5 * * * 59. * * 59. * 53. * 53.5 * * * 54. * * 54. * 5. * 5.5 * 5.75 * * 51. * 5.75 * 51. * 56. * 56.5 * * * 57. * * 57. * 56. * 56.5 * * * 57. * * 57. * * 5.35 * 5.6 * 51.1 * 5.85 * 5.6 * 5.85 * * 5.25 * 5.5 * 51. * 5.75 * 5.5 * 5.75 * 45.7 * 46.2 * * * 46.7 * * 46.7 * 51. * 51.5 * * * 52. * * 52. * 51.5 * 52. * * * 52.5 * * 52.5 * 53.1 * 53.6 * * * 54.1 * * 54.1 * 5.8 * 51.3 * * 52.5 * 51.8 * * 51.8 * 49.5 * 5. * 5.25 * 5.75 * 5.5 * 5.25 * 5.5 * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 55.5 * 56. * * * 56.5 * * 56.5 * 59.5 * 6. * 6.25 * 6.75 * 6.5 * 6.25 * 6.5 * 55. * 55.5 * * * 56. * * 56. * 54.5 * 55. * * * 55.5 * * 55.5 * 47. * 47.5 * * * 48. * * 48. * * 57.6 * * * 58.8 * * 58.8 * * 56.4 * * * * * * 56.8 * * * * 57.8 * * 57.8 * 56.6 * 57.1 * * * 57.6 * * 57.6 * 2/1/ Page 2 of 5
3 /19/18 1/22/18 1/23/18 1/24/18 1/25/18 1/26/18 1/29/18 1/3/18 1/31/18 $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL * * 6.5 * 61.5 * * * 6.5 * 6.75 * * 6.25 * 61. * 62. * * * 61. * * 57.4 * 57.9 * * * * 59.4 * * 58.9 * * 6.25 * 61. * 62. * * * 61. * * * 6.25 * 61. * 62. * * * 61. * * * * 58.5 * 59.5 * * * 58.5 * * 57. * 57.5 * * * * 59. * * 58.5 * 57. * 57.5 * * * * 59. * * 58.5 * 56. * 56.5 * * * * 58. * * 57.5 * 57. * 57.5 * * * * 59. * * 58.5 * 55. * 55.5 * * * * 57. * * 56.5 * 53.5 * 54. * * * * 55.5 * * 55. * 53.5 * 54. * * * * 55.5 * * 55. * 53.5 * 54. * * * * 55.5 * * 55. * * * 54.5 * 55.5 * * * 54.5 * * 47. * 47.5 * * * * 49. * * 48.5 * * * 6.5 * 61.5 * * * 6.5 * 6.75 * * 6.25 * 61. * 62. * * * 61. * * * 6.25 * 61. * 62. * * * 61. * * * 6.25 * 61. * 62. * * * 61. * * 57.4 * 57.9 * * * * 59.4 * * 58.9 * * * 58. * 59. * * * 58. * * * * 6.5 * 61.5 * * * 6.5 * 6.75 * 6.25 * 6.75 * 61.5 * 62.5 * * * 61.5 * * 59.5 * 6. * 6.75 * * * 61.5 * 6.75 * 61. * * * 58. * 59. * * * 58. * * * * 59.5 * 6.5 * * 6.25 * 59.5 * * * * 56.5 * 57.5 * * * 56.5 * * * * 57. * 58. * * * 57. * * * * 59.5 * 6.5 * * 6.25 * 59.5 * * * * 54.5 * 55.5 * * * 54.5 * * 5.25 * 5.75 * 51.5 * 52.5 * * * 51.5 * * * * 57.5 * 58.5 * * * 57.5 * * * * 57.5 * 58.5 * * * 57.5 * * 5.1 * 5.6 * * * * 52.1 * * 51.6 * 5. * 5.5 * * * * 52. * * 51.5 * * * 47.2 * 48.2 * * * 47.2 * * * * 52.5 * 53.5 * * * 52.5 * * * * 53. * 54. * * * 53. * * * * 54.6 * 55.6 * * * 54.6 * * 51.5 * * 52.3 * 53.3 * * 53.5 * 52.3 * * * 5.25 * 51. * 52. * * * 51. * * * 6.25 * 61. * 62. * * * 61. * * * 6.25 * 61. * 62. * * * 61. * * * * 57. * 58. * * * 57. * * * 6.25 * 61. * 62. * * * 61. * * * * 56.5 * 57.5 * * * 56.5 * * * * 56. * 57. * * * 56. * * * * 48.5 * 49.5 * * * 48.5 * * * * * * * * * 58.8 * * * * * * 58.5 * * * * * * * * * * * * * 58.1 * 59.1 * * * 58.1 * * 2/1/ Page 3 of 5
4 4 31 JAN MONTHLY Price Crude POSTED ADJ. AVERAGE: Code S Grade GRAVITY SCALE WTI WTI WTS WTI NTR WTS ETS Flat... Flat ETS ETR ETR ETS TIC GID STL STH STS TXP STS EGF WTI WTS NLS NLS NLN Flat... Flat LCT Flat... Flat LCN LLS EIC ETR LMS MLS RMS ILB ILB KSW KSW KSW KSW KSW KSW RMS NBS OKA OKA OKA OKA OKA OKA OKA OKA Flat... Flat OKA Flat... Flat WYS WYS /1/ Page 4 of 5
5 GRAVITY ADJUSTMENT SCALE 1. Less $.2 per barrel for each full degree API below 4.9 ; less $.15 per barrel for each.1 degree 2. Less $.2 per barrel for each full degree API below 4.9 to 35., then less $.15 per barrel for each.1 degree API below 35. ; less $.15 per barrel, for each.1 degree 3. Less $.15 per barrel for each.1 degree API below 4. ; less $.15 per barrel for each.1 degree 4. Less $.15 per barrel for each.1 degree API below 34. ; less $.15 per barrel for each.1 degree 5. Less $.2 per barrel for each full degree API below 29.9 to 19.9 ; less $.15 per barrel for each.1 degree 6. Less $.1 per barrel for each full degree API below 4.9 ; less $.15 per barrel for each.1 degree 7. Less $.2 per barrel for each full degree API below 4.9 ; less $.15 per barrel for each.1 degree API above Less $.2 per barrel for each full degree API below 4.9 to 36.9, then less $.4 per barrel for each full degree API from 36.9 to 34., then less $.2 per barrel for each.1 degree API below 34., and less $.15 per barrel for each.1 degree 9. Less $.15 per barrel for each.1 degree API below Less $.2 per barrel for each full degree API below 4.9 to 35., then less $.15 per barrel for each.1 degree API below 35. ; less $.15 per barrel for each.1 degree API above Less $.15 per barrel for each.1 degree API below 3. ; less $.15 per barrel for each.1 degree 12. Less $.2 per barrel for each full degree API below 4.9 to 19. ; less $.15 per barrel for each.1 degree 13. Less $.15 per.1 degree API below 4. to 35. ; less $.15 per barrel for each.1 degree API above Less $.15 per barrel for each.1 degree API below Less $.2 per barrel for each full degree API below Less $.3 per barrel for each.1 API above Less $.3 per barrel for each.1 API above Less $.15 per barrel for each.1 degree API above 45. ; then less $.1 per barrel for each.1 degree API above 48. ; then less $.2 per barrel for each.1 degree API above 5.. SELLER WARRANTS THAT THE CRUDE OIL AND CONDENSATE DELIVERED TO SHALL BE OF MERCHANTABLE QUALITY AND FIT FOR NORMAL REFINERY PROCESSING. MERCHANTABLE CRUDE OIL AND CONDENSATE IS DEFINED AS VIRGIN CRUDE OIL AND/OR CONDENSATE PRODUCED FROM WELLS WHICH ARE FREE OF FOREIGN CONTAMINATION, WHETHER INJECTED OR OUTSIDE, AND FREE OF ADDED CHEMICALS CONTAINING, BY WAY OF ILLUSTRATION AND NOT OF LIMITATION, HALOGENATED ORGANIC COMPOUNDS AND/OR OXYGENATED COMPOUNDS. MAY RETURN ANY CRUDE OIL OR CONDENSATE CONTAINING CONTAMINANTS IN WHICH EVENT SELLER AGREES TO ACCEPT RETURNED CRUDE OIL OR CONDENSATE, REIMBURSE FOR ANY COSTS INCURRED, AND BE LIABLE FOR ALL DAMAGES, INCLUDING CONSEQUENTIAL DAMAGES AND LOSS OF PROFITS SUFFERED BY AND/OR ITS CUSTOMERS. RESERVES THE RIGHT TO REFUSE CRUDE OIL OR CONDENSATE HAVING A REID VAPOR PRESSURE OF 9 PSI OR ABOVE. In the event government statutes, regulations, or rulings require adjustments in the prices paid, Plains Marketing, L.P. reserves the right to amend these postings. Recovery for excess payments may be made by either withholding an amount equal to the excess or by directly invoicing Seller. Individual transaction prices vary due to competitive conditions, distance and other differentials, and appropriate charges where applicable, such as, by way of illustration and not of limitation, adjustments to price where special protective equipment and/or a second driver/operator shall be necessary. Administrative costs associated with disbursements to multiple ownership interests may affect transactions. NOTES: West Texas Intermediate - Area #1 includes the following counties: Irion, Tom Green, Concho, McCulloch, Jeff Davis, Pecos, Crockett, Schleicher, Menard, Sutton, Kimble, Terrell, Brewster and Presidio. Oklahoma Sweet - Except Western and Panhandle. Please visit our Internet Web Site, or for price bulletin information. Page 5 of 5
CRUDE OIL PRICE BULLETIN - RECAP
1 Effective 7: AM on the effective date(s) shown, subject to change without notice and subject to its division orders and other contracts Plains Marketing LP will pay the following prices adjusted for
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