Resources
The NYMEX forward curves for WTI crude oil and Henry Hub natural gas, recorded one snapshot per month and going back more than a decade. Realized monthly spot prices from the EIA are shown alongside, so each strip can be measured against the prices the market subsequently delivered.
Strip Tracker
Use the slider to move between strip dates, select Strip history to follow the 12-, 36- and 60-month strips over time, or open the Table view for the monthly prices behind the selected curve.
About the Data
The forward strip is the reference price deck for most reserve evaluations, acquisition bids and lender borrowing bases. The value placed on a royalty or working interest moves with it.
Each curve is the NYMEX settlement for every listed contract month on a given day: WTI light sweet crude in dollars per barrel and Henry Hub natural gas in dollars per MMBtu. A new strip is added on the first trading day of each month from CME Group settlement data.
The dashed line is the monthly average spot price published by the U.S. Energy Information Administration — WTI at Cushing, Oklahoma and Henry Hub, Louisiana — so a strip from any date can be compared with the prices that followed.
The 12-, 36- and 60-month strips are the simple averages of the first 12, 36 and 60 contract months of each curve. These are the figures most often applied in reserve reports, bank price decks and hedging decisions.
Prices are shown for general information only and are not a recommendation to buy or sell any commodity or security. Settlement data © CME Group; spot prices from the U.S. Energy Information Administration. Terravon Energy makes no warranty as to the accuracy or completeness of the data.
Put It to Use
Terravon prepares reserve reports and valuations for a consulting fee, independent of any sale, and evaluates royalty, non-operated and operated interests for acquisition.