Free Resources Designed to Improve Your Productivity & Profits
Stay on top of the latest industry news, EIA commodity pricing, innovative solutions, and more with our library of free resources below.
Free Resources Designed to Improve Your Productivity & Profits
Tools, templates, research and data to help you make better and faster decisions.
NYMEX Prices for PHDwin
“Current” Strip Prices
11/15/2024
After clicking the button for the MOD file, click the DOWNLOAD icon in the top left-hand corner on the page that opens.
Historical Prices
Fridays and first of month strip prices during 2024, including the most recent strips.
First of month strip prices, 2014 to 2023
EIA monthly spot prices, 2014 to 2023
(To get more up-to-date prices from EIA, click here.)
These use the settled prices as posted online by CME Group each Friday and on the first calendar day of each month. We have used the settled front month price on the date of the strip as the price in the current month. For gas, an average for each calendar year is also provided, and the strip prices shown for NGLs are, in fact, the strip prices for oil. By default in PHDwin, the final price will be used for all subsequent times. Please note that we have tried to be diligent, but we cannot guarantee that these figures are reliable. If you observe a mistake, please email us immediately at admin@purvisenergyadvisors.com!
Other free information about commodity prices is offered by Sproule (variety of benchmarks plus their own price forecast), Netherland Sewell & Associates (first of month prices for several benchmarks), and Ryder Scott Company (also first of month prices).
HISTORICAL PRICES INCLUDE:
First of month strip prices, 2014 to 2022
EIA monthly spot prices, 2014 to 2022 (To get more up-to-date prices from EIA, click here.)
2023 PRICES INCLUDE:
Fridays and first of month strip prices during 2023, including the most recent strips.
Event Horizon: A Case Study of Holdback for Upstream Oil and Gas Assets
In a report together with NGO Carbon Tracker, we apply the concept of Holdback to two acquisitions to show how the properties had no hope of paying for their own liabilities when they were transferred to a smaller operator.
Historical NYMEXPrices for PHDwin
This free resource includes EIA’s monthly spot prices, as well as first-of-the-month strip prices, for 2014 to 2022. To get more up-to-date prices from EIA, click here.
The Latest Energy Information Agency (EIA) Data Spreadsheet
EIA collects and distributes tons of valuable data, but getting and updating the data usually requires searching and muddling through page after page. Using the EIA’s add-in, we have created this spreadsheet of key data—including commodity prices, gas storage, and production, and instructions on how to utilize EIA and retrieve data not found in the tool.
Templates for PHDWin
Based upon decades of engineering experience and principles of good design, the DPPE Template for PHDwin customizes the best reserves & economics software to make your engineering work faster and better. It’s simple to implement, designed for efficiency, and includes instructions to customize the templates to fit your business’s needs.
Cash Flow Spreadsheet
The American Association of Petroleum Landmen offers a course developed and taught by Mr. Purvis called “Understanding Petroleum Economics,” a one-day soup-to-nuts review of everything that goes into a discounted cash flow analysis. With the permission of AAPL the spreadsheet including extensive documentation from the course is offered here.
NYMEX Prices for PHDwin
This spreadsheet, used by our own team for internal purposes, includes up-to-date strip prices for NGLs that can be directly imported into your project within PHDwin.
(For more information on how to import the models, download these instructions.)
We regularly update the content based on the futures by month as reported by CME Group and the averages for each calendar year.
A Framework for Well Plugging
The oil industry and the public we serve cannot conduct a meaningful discussion of asset retirement obligations if we can’t agree on the words to use to talk about them. This Working Paper proposes a consistent and comprehensive terminology to discuss retirement obligations, particularly for well plugging operations.
Barrels of Value, Not Energy
The conventional barrel of oil equivalence (“BOE”) no longer suits the purpose for which it is used. In this report, we explore the reason why measuring barrels of energy at a conversion rate of 6:1:1 is ineffective for comparison—and why a barrel of value is a much more practical solution.
Research
Abandonment Costs: What PRMS and Other Standards Do and Don't Say
In a recent webinar, our team explored the current industry standards and guidance around plugging and abandonment (P&A) cost modeling. Download the slides and materials used during the live webinar.
A Proposal
for
“Holdback”
Thirty-five years of declining production and accumulating plugging liabilities have created the need for a new economic yardstick and new planning considerations. This free white paper outlines the need and proposes a solution.
A Framework
for
Well Plugging
The oil industry and the public we serve cannot conduct a meaningful discussion of asset retirement obligations if we can’t agree on the words to use to talk about them.
Barrels of Value,
Not
Energy
This Working Paper proposes a consistent and comprehensive terminology to discuss retirement obligations, particularly for well plugging operations.
Tools
Templates for PHDwin 2.0
Based upon decades of engineering experience and principles of good design, the DPPE Template for PHDwin customizes the best reserves & economics software to make your engineering work faster and better.
New! Cash Flow Spreadsheet with Holdback
This new version of our cash flow spreadsheet is built on the same AAPL template (linked below), but it adds the calculation of end-of-life economic yardsticks like holdback and holdback coverage. Please check it out closely and let us know how it works out for you!
The Original Cash Flow Spreadsheet
The original cash flow spreadsheet developed for the AAPL's course "Understanding Petroleum Economics" can be downloaded below. Unlike the holdback version above, this version also models future development drilling.
EIA Data Spreadsheet
The EIA offers a helpful Excel add-in to streamline the retrieval and presentation of its valuable energy data, eliminating the need for manual search and formatting. Our spreadsheet utilizes this add-in, enabling easy, one-click updates for essential data such as commodity prices, gas storage, and production.
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