BR Research

Petroleum Policy 2012: A job well done

Published August 29, 2012 Updated August 29, 2012 12:00am

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WELLHEAD GAS PRICES
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$/mmbtu *                   Policy 2009*   Policy 2012*   chg
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Ceiling price ($/bbl)             100         110         10%
Zone 0 (Shallow)               5.0307         7.0         39%
Zone 0 (Deep)                  5.3553         8.0         49%
Zone 0 (Ultradeep)             5.3553         9.0         68%
Zone I                         5.0307         6.6         31%
Zone II                        4.7061         6.3         34%
Zone III                       4.3816         6.0         37%
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Source: Petroelum Policy 2012 * unless specified otherwise ** Weighted average crude oil assumed @ $140/bbl