1
CRUDE OIL PRICE BULLETIN - RECAP September 2014
PLAINS MARKETING, L.P.
Effective 7:00 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.
PLAINS MARKETING, L.P. 333 CLAY, SUITE 1600 P.O. BOX 4648 HOUSTON, TEXAS 77002 0 BULLETIN No: EFFECTIVE DATE:
2014-153 08/29/14 $/BBL
2014-154 09/02/14 $/BBL
2014-155 09/03/14 $/BBL
2014-156 09/04/14 $/BBL
2014-157 09/05/14 $/BBL
2014-158 09/08/14 $/BBL
2014-159 09/10/14 $/BBL
TEXAS West Texas Intermediate - Area #1......................................................................................................… 92.00 * 88.75 * 91.50 * 90.50 * 89.25 * 88.75 * 87.50 * West Texas Intermediate - All Other Areas..............................................................…..............…..............…..............…..............…..............… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * West Texas Sour................................................................................................................................................................… 82.20 * 81.35 * 82.90 * 81.90 * 80.65 * 80.15 * 78.90 * West Central Texas................................................................................................................................................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * North Texas Sweet....................................................................................................................................................................................................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * North Texas (Cooke & Grayson) Sweet..............................................................................................................................................… 89.25 * 86.00 * 88.75 * 87.75 * 86.50 * 86.00 * 84.75 * North Texas (Cooke & Grayson) Sour................................................................................................................................................… 85.25 * 82.00 * 84.75 * 83.75 * 82.50 * 82.00 * 80.75 * East Texas Field....................................................................................................................................................................................… 89.25 * 85.75 * 88.50 * 87.50 * 86.25 * 85.75 * 84.50 * East Texas (Other than E.. TX.. Field)......................................................................................……….. 89.25 * 85.75 * 88.50 * 87.50 * 86.25 * 85.75 * 84.50 * East Texas Sour......................................................................................................................................................................................… 85.25 * 82.00 * 84.75 * 83.75 * 82.50 * 82.00 * 80.75 * East Texas Light Sour......................................................................................................................................................................................… 88.50 * 85.25 * 88.00 * 87.00 * 85.75 * 85.25 * 84.00 * East Texas Condensate……………………………………………………………………………………………………………………………………….... 88.25 * 84.75 * 87.50 * 86.50 * 85.25 * 84.75 * 83.50 * Texas Upper Gulf Coast............................................................................................................................................................ 86.25 * 83.00 * 85.75 * 84.75 * 83.50 * 83.00 * 81.75 * Texas Central Gulf Coast (Giddings)........................................................................................… ................................................................................................................… 86.25 * 83.00 * 85.75 * 84.75 * 83.50 * 83.00 * 81.75 * South Texas Light (Sweet)........................................................................................................................................ ................................................................................................................… 86.25 * 83.00 * 85.75 * 84.75 * 83.50 * 83.00 * 81.75 * South Texas Heavy..................................................................................................................................................................................… ................................................................................................................… 86.00 * 82.75 * 85.50 * 84.50 * 83.25 * 82.75 * 81.50 * South Texas Sour....................................................................................................................................................................................… 79.75 * 76.50 * 79.25 * 78.25 * 77.00 * 76.50 * 75.25 * Texas Panhandle....................................................................................................................................................................................… 92.00 * 88.75 * 91.50 * 90.50 * 89.25 * 88.75 * 87.50 * South Texas Sweet....................................................................................................................................................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * Eagle Ford Light....................................................................................................................................................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * NEW MEXICO ` ` ` ` ` ` ` New Mexico Intermediate..................................................................................................…................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * New Mexico Sour........................................................................................................................................................................… 82.20 * 81.35 * 82.90 * 81.90 * 80.65 * 80.15 * 78.90 * LOUISIANA ` ` ` ` ` ` ` North Louisiana............................................................................................................................................................................................................................................… 89.50 * 86.25 * 89.00 * 88.00 * 86.75 * 86.25 * 85.00 * Central Louisiana Sweet............................................................................................................................................................................................................................................… 92.00 * 88.75 * 91.50 * 90.50 * 89.25 * 88.75 * 87.50 * North Louisiana Nacatoch....................................................................................................................… 92.75 * 89.50 * 92.25 * 91.25 * 90.00 * 89.50 * 88.25 * Central Louisiana LCT............................................................................................................................................................................................................................................… 92.25 * 89.00 * 91.75 * 90.75 * 89.50 * 89.00 * 87.75 * North Louisiana Condensate…………………………………………………………………………………………… 88.50 * 85.25 * 88.00 * 87.00 * 85.75 * 85.25 * 84.00 * South Louisiana Light Sweet (Onshore).......................................................................................... 91.00 * 87.75 * 90.50 * 89.50 * 88.25 * 87.75 * 86.50 * South Louisiana Eugene Island (Onshore)...................................................................................... 88.00 * 84.75 * 87.50 * 86.50 * 85.25 * 84.75 * 83.50 * South Arkansas and North Louisiana Sour………………………………………………….... 86.00 * 82.75 * 85.50 * 84.50 * 83.25 * 82.75 * 81.50 * MISSISSIPPI ` ` ` ` ` ` ` Mississippi Light Sweet……………………………………………………………....91.00 * 87.75 * 90.50 * 89.50 * 88.25 * 87.75 * 86.50 * Mississippi Light Sour…………………………………………………………….... 86.25 * 83.00 * 85.75 * 84.75 * 83.50 * 83.00 * 81.75 * COLORADO ` ` ` ` ` ` ` Colorado Southeastern.......................................................................................................................... 83.00 * 79.75 * 82.50 * 81.50 * 80.25 * 79.75 * 78.50 * D-J Basin....................................................................................................................................................................................… 79.80 * 76.55 * 79.30 * 78.30 * 77.05 * 76.55 * 75.30 * Colorado Western....................................................................................................................................................................................… 79.88 * 76.63 * 79.38 * 78.38 * 77.13 * 76.63 * 75.38 * UTAH ` ` ` ` ` ` ` Black Wax....................................................................................................................................................................................… 77.70 * 74.45 * 77.20 * 76.20 * 74.95 * 74.45 * 73.20 * ILLINOIS ` ` ` ` ` ` ` Illinois Sweet..............................................................................................................................................…................................................… 89.00 * 85.75 * 88.50 * 87.50 * 86.25 * 85.75 * 84.50 * INDIANA ` ` ` ` ` ` ` Indiana Sweet....................................................................................................................................................................................................… 89.00 * 85.75 * 88.50 * 87.50 * 86.25 * 85.75 * 84.50 * KANSAS ` ` ` ` ` ` ` Kansas Common................................................................................................................................................ 83.35 * 80.10 * 82.85 * 81.85 * 80.60 * 80.10 * 78.85 * Eastern Kansas Common........................................................................................................................................… 83.25 * 80.00 * 82.75 * 81.75 * 80.50 * 80.00 * 78.75 * Eastern Kansas Common Special……………………………………………………………… 78.70 * 75.45 * 78.20 * 77.20 * 75.95 * 75.45 * 74.20 * Northwestern Kansas Sweet............................................................................................................................................ 84.25 * 81.00 * 83.75 * 82.75 * 81.50 * 81.00 * 79.75 * Southwestern Kansas Sweet............................................................................................................................................ 84.50 * 81.25 * 84.00 * 83.00 * 81.75 * 81.25 * 80.00 * Central Kansas Sweet............................................................................................................................................ 85.60 * 82.35 * 85.10 * 84.10 * 82.85 * 82.35 * 81.10 * NEBRASKA ` ` ` ` ` ` ` Nebraska Western....................................................................................................................................................................................… 79.80 * 76.55 * 79.30 * 78.30 * 77.05 * 76.55 * 75.30 * Nebraska Intermediate....................................................................................................................................................................................… 82.50 * 79.25 * 82.00 * 81.00 * 79.75 * 79.25 * 78.00 * NORTH DAKOTA ` ` ` ` ` ` ` Williston Basin Sweet................................................................................................................................................................................................................................… 82.69 * 79.44 * 82.19 * 81.19 * 79.94 * 79.44 * 78.19 * Williston Basin Sour............................................................................................................................................................................… 74.58 * 71.33 * 74.08 * 73.08 * 71.83 * 71.33 * 70.08 * OKLAHOMA ` ` ` ` ` ` ` Domestic Sweet (Cushing)..........................................................................................................................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * Oklahoma Sweet........................................................................................................................................................................................… 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * Oklahoma Sweet Special…………………………………………………………………….. 88.50 * 85.25 * 88.00 * 87.00 * 85.75 * 85.25 * 84.00 * Oklahoma Sweet-Central........................................................................................................................ 92.50 * 89.25 * 92.00 * 91.00 * 89.75 * 89.25 * 88.00 * Western Oklahoma ..............................................................................................................................................................… 88.00 * 84.75 * 87.50 * 86.50 * 85.25 * 84.75 * 83.50 * Oklahoma Panhandle ........................................................................................................................ 87.50 * 84.25 * 87.00 * 86.00 * 84.75 * 84.25 * 83.00 * Oklahoma Sour................................................................................................................................................................................................................................................ 80.00 * 76.75 * 79.50 * 78.50 * 77.25 * 76.75 * 75.50 * Oklahoma Condensate................................................................................................................................................................................................................................................ 88.80 * 85.68 * 88.32 * 87.36 * 86.16 * 85.68 * 84.48 * Oklahoma Condensate Light................................................................................................................................................................................................................................................ 86.95 * 83.90 * 86.48 * 85.54 * 84.37 * 83.90 * 82.72 * WYOMING ` ` ` ` ` ` ` Wyoming Southwestern Area.................................................................................................................. 82.58 * 79.33 * 82.08 * 81.08 * 79.83 * 79.33 * 78.08 * Wyoming Sweet other Areas.................................................................................................................. 85.60 * 82.35 * 85.10 * 84.10 * 82.85 * 82.35 * 81.10 * Wyoming General Sour............................................................................................................................ 64.78 * 61.53 * 64.28 * 63.28 * 62.03 * 61.53 * 60.28 * Wyoming Asphaltic Sour........................................................................................................................ 68.83 * 65.58 * 68.33 * 67.33 * 66.08 * 65.58 * 64.33 * (1) The gravity adjustment scale and other terms are set forth on Page 5.
9/30/2014
Please visit our Internet Web Site, www.plainsmarketing.com or www.paalp.com for price bulletin information.
Page 1 of 5
2
CRUDE OIL PRICE BULLETIN - RECAP September 2014
PLAINS MARKETING, L.P.
PLAINS MARKETING, L.P. 333 CLAY, SUITE 1600 P.O. BOX 4648 HOUSTON, TEXAS 77002 0 BULLETIN No: EFFECTIVE DATE:
2014-160 09/11/14 $/BBL
2014-161 09/12/14 $/BBL
2014-162 09/15/14 $/BBL
2014-163 09/16/14 $/BBL
2014-164 09/17/14 $/BBL
2014-165 09/18/14 $/BBL
2014-166 09/19/14 $/BBL
TEXAS West Texas Intermediate - Area #1......................................................................................................… 89.00 * 88.25 * 88.75 * 91.00 * 90.25 * 89.00 * 88.50 * West Texas Intermediate - All Other Areas..............................................................…..............…..............…..............…..............…..............… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * West Texas Sour................................................................................................................................................................… 80.40 * 79.65 * 80.15 * 82.40 * 81.65 * 80.40 * 79.90 * West Central Texas................................................................................................................................................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * North Texas Sweet....................................................................................................................................................................................................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * North Texas (Cooke & Grayson) Sweet..............................................................................................................................................… 86.25 * 85.50 * 86.00 * 88.25 * 87.50 * 86.25 * 85.75 * North Texas (Cooke & Grayson) Sour................................................................................................................................................… 82.25 * 81.50 * 82.00 * 84.25 * 83.50 * 82.25 * 81.75 * East Texas Field....................................................................................................................................................................................… 86.00 * 85.25 * 85.75 * 88.00 * 87.25 * 86.00 * 85.50 * East Texas (Other than E.. TX.. Field)......................................................................................……….. 86.00 * 85.25 * 85.75 * 88.00 * 87.25 * 86.00 * 85.50 * East Texas Sour......................................................................................................................................................................................… 82.25 * 81.50 * 82.00 * 84.25 * 83.50 * 82.25 * 81.75 * East Texas Light Sour......................................................................................................................................................................................… 85.50 * 84.75 * 85.25 * 87.50 * 86.75 * 85.50 * 85.00 * East Texas Condensate……………………………………………………………………………………………………………………………………….... 85.00 * 84.25 * 84.75 * 87.00 * 86.25 * 85.00 * 84.50 * Texas Upper Gulf Coast............................................................................................................................................................ 83.25 * 82.50 * 83.00 * 85.25 * 84.50 * 83.25 * 82.75 * Texas Central Gulf Coast (Giddings)........................................................................................… ................................................................................................................… 83.25 * 82.50 * 83.00 * 85.25 * 84.50 * 83.25 * 82.75 * South Texas Light (Sweet)........................................................................................................................................ ................................................................................................................… 83.25 * 82.50 * 83.00 * 85.25 * 84.50 * 83.25 * 82.75 * South Texas Heavy..................................................................................................................................................................................… ................................................................................................................… 83.00 * 82.25 * 82.75 * 85.00 * 84.25 * 83.00 * 82.50 * South Texas Sour....................................................................................................................................................................................… 76.75 * 76.00 * 76.50 * 78.75 * 78.00 * 76.75 * 76.25 * Texas Panhandle....................................................................................................................................................................................… 89.00 * 88.25 * 88.75 * 91.00 * 90.25 * 89.00 * 88.50 * South Texas Sweet....................................................................................................................................................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * Eagle Ford Light....................................................................................................................................................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * NEW MEXICO ` ` ` ` ` ` ` New Mexico Intermediate..................................................................................................…................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * New Mexico Sour........................................................................................................................................................................… 80.40 * 79.65 * 80.15 * 82.40 * 81.65 * 80.40 * 79.90 * LOUISIANA ` ` ` ` ` ` ` North Louisiana............................................................................................................................................................................................................................................… 86.50 * 85.75 * 86.25 * 88.50 * 87.75 * 86.50 * 86.00 * Central Louisiana Sweet............................................................................................................................................................................................................................................… 89.00 * 88.25 * 88.75 * 91.00 * 90.25 * 89.00 * 88.50 * North Louisiana Nacatoch....................................................................................................................… 89.75 * 89.00 * 89.50 * 91.75 * 91.00 * 89.75 * 89.25 * Central Louisiana LCT............................................................................................................................................................................................................................................… 89.25 * 88.50 * 89.00 * 91.25 * 90.50 * 89.25 * 88.75 * North Louisiana Condensate…………………………………………………………………………………………… 85.50 * 84.75 * 85.25 * 87.50 * 86.75 * 85.50 * 85.00 * South Louisiana Light Sweet (Onshore).......................................................................................... 88.00 * 87.25 * 87.75 * 90.00 * 89.25 * 88.00 * 87.50 * South Louisiana Eugene Island (Onshore)...................................................................................... 85.00 * 84.25 * 84.75 * 87.00 * 86.25 * 85.00 * 84.50 * South Arkansas and North Louisiana Sour………………………………………………….... 83.00 * 82.25 * 82.75 * 85.00 * 84.25 * 83.00 * 82.50 * MISSISSIPPI ` ` ` ` ` ` ` Mississippi Light Sweet……………………………………………………………....88.00 * 87.25 * 87.75 * 90.00 * 89.25 * 88.00 * 87.50 * Mississippi Light Sour…………………………………………………………….... 83.25 * 82.50 * 83.00 * 85.25 * 84.50 * 83.25 * 82.75 * COLORADO ` ` ` ` ` ` ` Colorado Southeastern.......................................................................................................................... 80.00 * 79.25 * 79.75 * 82.00 * 81.25 * 80.00 * 79.50 * D-J Basin....................................................................................................................................................................................… 76.80 * 76.05 * 76.55 * 78.80 * 78.05 * 76.80 * 76.30 * Colorado Western....................................................................................................................................................................................… 76.88 * 76.13 * 76.63 * 78.88 * 78.13 * 76.88 * 76.38 * UTAH ` ` ` ` ` ` ` Black Wax....................................................................................................................................................................................… 74.70 * 73.95 * 74.45 * 76.70 * 75.95 * 74.70 * 74.20 * ILLINOIS ` ` ` ` ` ` ` Illinois Sweet..............................................................................................................................................…................................................… 86.00 * 85.25 * 85.75 * 88.00 * 87.25 * 86.00 * 85.50 * INDIANA ` ` ` ` ` ` ` Indiana Sweet....................................................................................................................................................................................................… 86.00 * 85.25 * 85.75 * 88.00 * 87.25 * 86.00 * 85.50 * KANSAS ` ` ` ` ` ` ` Kansas Common................................................................................................................................................ 80.35 * 79.60 * 80.10 * 82.35 * 81.60 * 80.35 * 79.85 * Eastern Kansas Common........................................................................................................................................… 80.25 * 79.50 * 80.00 * 82.25 * 81.50 * 80.25 * 79.75 * Eastern Kansas Common Special……………………………………………………………… 75.70 * 74.95 * 75.45 * 77.70 * 76.95 * 75.70 * 75.20 * Northwestern Kansas Sweet............................................................................................................................................ 81.25 * 80.50 * 81.00 * 83.25 * 82.50 * 81.25 * 80.75 * Southwestern Kansas Sweet............................................................................................................................................ 81.50 * 80.75 * 81.25 * 83.50 * 82.75 * 81.50 * 81.00 * Central Kansas Sweet............................................................................................................................................ 82.60 * 81.85 * 82.35 * 84.60 * 83.85 * 82.60 * 82.10 * NEBRASKA ` ` ` ` ` ` ` Nebraska Western....................................................................................................................................................................................… 76.80 * 76.05 * 76.55 * 78.80 * 78.05 * 76.80 * 76.30 * Nebraska Intermediate....................................................................................................................................................................................… 79.50 * 78.75 * 79.25 * 81.50 * 80.75 * 79.50 * 79.00 * NORTH DAKOTA ` ` ` ` ` ` ` Williston Basin Sweet................................................................................................................................................................................................................................… 79.69 * 73.94 * 74.44 * 76.69 * 75.94 * 74.69 * 74.19 * Williston Basin Sour............................................................................................................................................................................… 71.58 * 70.83 * 71.33 * 73.58 * 72.83 * 71.58 * 71.08 * OKLAHOMA ` ` ` ` ` ` ` Domestic Sweet (Cushing)..........................................................................................................................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * Oklahoma Sweet........................................................................................................................................................................................… 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * Oklahoma Sweet Special…………………………………………………………………….. 85.50 * 84.75 * 85.25 * 87.50 * 86.75 * 85.50 * 85.00 * Oklahoma Sweet-Central........................................................................................................................ 89.50 * 88.75 * 89.25 * 91.50 * 90.75 * 89.50 * 89.00 * Western Oklahoma ..............................................................................................................................................................… 85.00 * 84.25 * 84.75 * 87.00 * 86.25 * 85.00 * 84.50 * Oklahoma Panhandle ........................................................................................................................ 84.50 * 83.75 * 84.25 * 86.50 * 85.75 * 84.50 * 84.00 * Oklahoma Sour................................................................................................................................................................................................................................................ 77.00 * 76.25 * 76.75 * 79.00 * 78.25 * 77.00 * 76.50 * Oklahoma Condensate................................................................................................................................................................................................................................................ 85.92 * 85.20 * 85.68 * 87.84 * 87.12 * 85.92 * 85.44 * Oklahoma Condensate Light................................................................................................................................................................................................................................................ 84.13 * 83.43 * 83.90 * 86.01 * 85.31 * 84.13 * 83.66 * WYOMING ` ` ` ` ` ` ` Wyoming Southwestern Area.................................................................................................................. 79.58 * 77.33 * 77.83 * 80.08 * 79.33 * 78.08 * 77.58 * Wyoming Sweet other Areas.................................................................................................................. 82.60 * 76.85 * 77.35 * 79.60 * 78.85 * 77.60 * 77.10 * Wyoming General Sour............................................................................................................................ 61.78 * 63.03 * 63.53 * 65.78 * 65.03 * 63.78 * 63.28 * Wyoming Asphaltic Sour........................................................................................................................ 65.83 * 65.08 * 65.58 * 67.83 * 67.08 * 65.83 * 65.33 * (1) The gravity adjustment scale and other terms are set forth on Page 5.
9/30/2014
Please visit our Internet Web Site, www.plainsmarketing.com or www.paalp.com for price bulletin information.
Page 2 of 5
3
CRUDE OIL PRICE BULLETIN - RECAP September 2014
PLAINS MARKETING, L.P.
PLAINS MARKETING, L.P. 333 CLAY, SUITE 1600 P.O. BOX 4648 HOUSTON, TEXAS 77002 0 BULLETIN No: EFFECTIVE DATE:
2014-167 09/22/14 $/BBL
2014-168 09/23/14 $/BBL
2014-169 09/24/14 $/BBL
2014-170 09/25/14 $/BBL
2014-171 09/26/14 $/BBL
2014-172 09/29/14 $/BBL
2014-173 09/30/14 $/BBL
TEXAS West Texas Intermediate - Area #1......................................................................................................… 87.25 * 87.50 * 88.75 * 88.50 * 89.50 * 90.75 * 87.00 * West Texas Intermediate - All Other Areas..............................................................…..............…..............…..............…..............…..............… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * West Texas Sour................................................................................................................................................................… 78.65 * 78.90 * 80.15 * 79.90 * 80.90 * 82.15 * 78.40 * West Central Texas................................................................................................................................................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * North Texas Sweet....................................................................................................................................................................................................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * North Texas (Cooke & Grayson) Sweet..............................................................................................................................................… 84.50 * 84.75 * 86.00 * 85.75 * 86.75 * 88.00 * 84.25 * North Texas (Cooke & Grayson) Sour................................................................................................................................................… 80.50 * 80.75 * 82.00 * 81.75 * 82.75 * 84.00 * 80.25 * East Texas Field....................................................................................................................................................................................… 84.25 * 84.50 * 85.75 * 85.50 * 86.50 * 87.75 * 84.00 * East Texas (Other than E.. TX.. Field)......................................................................................……….. 84.25 * 84.50 * 85.75 * 85.50 * 86.50 * 87.75 * 84.00 * East Texas Sour......................................................................................................................................................................................… 80.50 * 80.75 * 82.00 * 81.75 * 82.75 * 84.00 * 80.25 * East Texas Light Sour......................................................................................................................................................................................… 83.75 * 84.00 * 85.25 * 85.00 * 86.00 * 87.25 * 83.50 * East Texas Condensate……………………………………………………………………………………………………………………………………….... 83.25 * 83.50 * 84.75 * 84.50 * 85.50 * 86.75 * 83.00 * Texas Upper Gulf Coast............................................................................................................................................................ 81.50 * 81.75 * 83.00 * 82.75 * 83.75 * 85.00 * 81.25 * Texas Central Gulf Coast (Giddings)........................................................................................… ................................................................................................................… 81.50 * 81.75 * 83.00 * 82.75 * 83.75 * 85.00 * 81.25 * South Texas Light (Sweet)........................................................................................................................................ ................................................................................................................… 81.50 * 81.75 * 83.00 * 82.75 * 83.75 * 85.00 * 81.25 * South Texas Heavy..................................................................................................................................................................................… ................................................................................................................… 81.25 * 81.50 * 82.75 * 82.50 * 83.50 * 84.75 * 81.00 * South Texas Sour....................................................................................................................................................................................… 75.00 * 75.25 * 76.50 * 76.25 * 77.25 * 78.50 * 74.75 * Texas Panhandle....................................................................................................................................................................................… 87.25 * 87.50 * 88.75 * 88.50 * 89.50 * 90.75 * 87.00 * South Texas Sweet....................................................................................................................................................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * Eagle Ford Light....................................................................................................................................................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * NEW MEXICO ` ` ` ` ` ` ` New Mexico Intermediate..................................................................................................…................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * New Mexico Sour........................................................................................................................................................................… 78.65 * 78.90 * 80.15 * 79.90 * 80.90 * 82.15 * 78.40 * LOUISIANA ` ` ` ` ` ` ` North Louisiana............................................................................................................................................................................................................................................… 84.75 * 85.00 * 86.25 * 86.00 * 87.00 * 88.25 * 84.50 * Central Louisiana Sweet............................................................................................................................................................................................................................................… 87.25 * 87.50 * 88.75 * 88.50 * 89.50 * 90.75 * 87.00 * North Louisiana Nacatoch....................................................................................................................… 88.00 * 88.25 * 89.50 * 89.25 * 90.25 * 91.50 * 87.75 * Central Louisiana LCT............................................................................................................................................................................................................................................… 87.50 * 87.75 * 89.00 * 88.75 * 89.75 * 91.00 * 87.25 * North Louisiana Condensate…………………………………………………………………………………………… 83.75 * 84.00 * 85.25 * 85.00 * 86.00 * 87.25 * 83.50 * South Louisiana Light Sweet (Onshore).......................................................................................... 86.25 * 86.50 * 87.75 * 87.50 * 88.50 * 89.75 * 86.00 * South Louisiana Eugene Island (Onshore)...................................................................................... 83.25 * 83.50 * 84.75 * 84.50 * 85.50 * 86.75 * 83.00 * South Arkansas and North Louisiana Sour………………………………………………….... 81.25 * 81.50 * 82.75 * 82.50 * 83.50 * 84.75 * 81.00 * MISSISSIPPI ` ` ` ` ` ` ` Mississippi Light Sweet……………………………………………………………....86.25 * 86.50 * 87.75 * 87.50 * 88.50 * 89.75 * 86.00 * Mississippi Light Sour…………………………………………………………….... 81.50 * 81.75 * 83.00 * 82.75 * 83.75 * 85.00 * 81.25 * COLORADO ` ` ` ` ` ` ` Colorado Southeastern.......................................................................................................................... 78.25 * 78.50 * 79.75 * 79.50 * 80.50 * 81.75 * 78.00 * D-J Basin....................................................................................................................................................................................… 75.05 * 75.30 * 76.55 * 76.30 * 77.30 * 78.55 * 74.80 * Colorado Western....................................................................................................................................................................................… 75.13 * 75.38 * 76.63 * 76.38 * 77.38 * 78.63 * 74.88 * UTAH ` ` ` ` ` ` ` Black Wax....................................................................................................................................................................................… 72.95 * 73.20 * 74.45 * 74.20 * 75.20 * 76.45 * 72.70 * ILLINOIS ` ` ` ` ` ` ` Illinois Sweet..............................................................................................................................................…................................................… 84.25 * 84.50 * 85.75 * 85.50 * 86.50 * 87.75 * 84.00 * INDIANA ` ` ` ` ` ` ` Indiana Sweet....................................................................................................................................................................................................… 84.25 * 84.50 * 85.75 * 85.50 * 86.50 * 87.75 * 84.00 * KANSAS ` ` ` ` ` ` ` Kansas Common................................................................................................................................................ 78.60 * 78.85 * 80.10 * 79.85 * 80.85 * 82.10 * 78.35 * Eastern Kansas Common........................................................................................................................................… 78.50 * 78.75 * 80.00 * 79.75 * 80.75 * 82.00 * 78.25 * Eastern Kansas Common Special……………………………………………………………… 73.95 * 74.20 * 75.45 * 75.20 * 76.20 * 77.45 * 73.70 * Northwestern Kansas Sweet............................................................................................................................................ 79.50 * 79.75 * 81.00 * 80.75 * 81.75 * 83.00 * 79.25 * Southwestern Kansas Sweet............................................................................................................................................ 79.75 * 80.00 * 81.25 * 81.00 * 82.00 * 83.25 * 79.50 * Central Kansas Sweet............................................................................................................................................ 80.85 * 81.10 * 82.35 * 82.10 * 83.10 * 84.35 * 80.60 * NEBRASKA ` ` ` ` ` ` ` Nebraska Western....................................................................................................................................................................................… 75.05 * 75.30 * 76.55 * 76.30 * 77.30 * 78.55 * 74.80 * Nebraska Intermediate....................................................................................................................................................................................… 77.75 * 78.00 * 79.25 * 79.00 * 80.00 * 81.25 * 77.50 * NORTH DAKOTA ` ` ` ` ` ` ` Williston Basin Sweet................................................................................................................................................................................................................................… 72.94 * 73.19 * 74.44 * 74.19 * 75.19 * 76.44 * 72.69 * Williston Basin Sour............................................................................................................................................................................… 69.83 * 70.08 * 71.33 * 71.08 * 72.08 * 73.33 * 69.58 * OKLAHOMA ` ` ` ` ` ` ` Domestic Sweet (Cushing)..........................................................................................................................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * Oklahoma Sweet........................................................................................................................................................................................… 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * Oklahoma Sweet Special…………………………………………………………………….. 83.75 * 84.00 * 85.25 * 85.00 * 86.00 * 87.25 * 83.50 * Oklahoma Sweet-Central........................................................................................................................ 87.75 * 88.00 * 89.25 * 89.00 * 90.00 * 91.25 * 87.50 * Western Oklahoma ..............................................................................................................................................................… 83.25 * 83.50 * 84.75 * 84.50 * 85.50 * 86.75 * 83.00 * Oklahoma Panhandle ........................................................................................................................ 82.75 * 83.00 * 84.25 * 84.00 * 85.00 * 86.25 * 82.50 * Oklahoma Sour................................................................................................................................................................................................................................................ 75.25 * 75.50 * 76.75 * 76.50 * 77.50 * 78.75 * 75.00 * Oklahoma Condensate................................................................................................................................................................................................................................................ 84.24 * 84.48 * 85.68 * 85.44 * 86.40 * 87.60 * 84.00 * Oklahoma Condensate Light................................................................................................................................................................................................................................................ 82.49 * 82.72 * 83.90 * 83.66 * 84.60 * 85.78 * 82.25 * WYOMING ` ` ` ` ` ` ` Wyoming Southwestern Area.................................................................................................................. 76.33 * 76.58 * 77.83 * 77.58 * 78.58 * 79.83 * 76.08 * Wyoming Sweet other Areas.................................................................................................................. 75.85 * 76.10 * 77.35 * 77.10 * 78.10 * 79.35 * 75.60 * Wyoming General Sour............................................................................................................................ 62.03 * 62.28 * 63.53 * 63.28 * 64.28 * 65.53 * 61.78 * Wyoming Asphaltic Sour........................................................................................................................ 64.08 * 64.33 * 65.58 * 65.33 * 66.33 * 67.58 * 63.83 * (1) The gravity adjustment scale and other terms are set forth on Page 5.
9/30/2014
Please visit our Internet Web Site, www.plainsmarketing.com or www.paalp.com for price bulletin information.
Page 3 of 5
4
CRUDE OIL PRICE BULLETIN - RECAP September 2014 30
PLAINS MARKETING, L.P.
PLAINS MARKETING, L.P. 333 CLAY, SUITE 1600 P.O. BOX 4648 HOUSTON, TEXAS 77002 0 BULLETIN No: EFFECTIVE DATE:
September 2014 MONTHLY AVERAGE:
Price Code S
Crude Grade
POSTED GRAVITY
ADJ. SCALE
TEXAS West Texas Intermediate - Area #1......................................................................................................… 89.0667 ...............................................…......................................................… 2099 WTI 40.0-44.9 .................... 1 West Texas Intermediate - All Other Areas..............................................................…..............…..............…..............…..............…..............… 89.5667 ...............................................…......................................................… 2045 WTI 40.0-44.9 .................... 1 West Texas Sour................................................................................................................................................................… 80.4667 ...............................................…......................................................… 2044 WTS 34.0-44.9 .................... 4 West Central Texas................................................................................................................................................................................… 89.5667 ...............................................…......................................................… 2090 WTI 40.0-44.9 .................... 1 North Texas Sweet....................................................................................................................................................................................................................................… 89.5667 ...............................................…......................................................… 2048 NTR 40.0-44.9 .................... 1 North Texas (Cooke & Grayson) Sweet..............................................................................................................................................… 86.3167 ...............................................…......................................................… 2071 NTR 40.0-44.9 .................... 2 North Texas (Cooke & Grayson) Sour................................................................................................................................................… 82.3167 ...............................................…......................................................… 2072 WTS 40.0-44.9 .................... 3 East Texas Field....................................................................................................................................................................................… 86.0750 ...............................................…......................................................… 2003 ETS Flat .................... Flat East Texas (Other than E.. TX.. Field)......................................................................................……….. 86.0750 ...............................................…......................................................… 2001 ETS 40.0-44.9 .................... 1 East Texas Sour......................................................................................................................................................................................… 82.3167 ...............................................…......................................................… 2067 ETR 34.0-44.9 .................... 4 East Texas Light Sour......................................................................................................................................................................................… 85.5667 ...............................................…......................................................… 2111 ETR 34.0-44.9 .................... 4 East Texas Condensate……………………………………………………………………………………………………………………………………….... 85.0750 ...............................................…......................................................… 2127 ETS 40.0-44.9 .................... 1 Texas Upper Gulf Coast............................................................................................................................................................ 83.3167 ...............................................…......................................................… 2021 TIC 40.0-44.9 .................... 1 Texas Central Gulf Coast (Giddings)........................................................................................… ................................................................................................................… 83.3167 ...............................................…......................................................… 2065 GID 40.0-44.9 .................... 1 South Texas Light (Sweet)........................................................................................................................................ ................................................................................................................… 83.3167 ...............................................…......................................................… 2026 STL 40.0-44.9 .................... 1 South Texas Heavy..................................................................................................................................................................................… ................................................................................................................… 83.0667 ...............................................…......................................................… 2054 STH 29.0-44.9 .................... 5 South Texas Sour....................................................................................................................................................................................… 76.8167 ...............................................…......................................................… 2050 STS 34.0-44.9 .................... 4 Texas Panhandle....................................................................................................................................................................................… 89.0667 ...............................................…......................................................… 2120 TXP 40.0+ .................... 15 South Texas Sweet....................................................................................................................................................................................… 89.5667 ...............................................…......................................................… 2150 STS 40.0-44.9 .................... 16 Eagle Ford Light....................................................................................................................................................................................… 89.5667 ...............................................…......................................................… 2152 EGF 50.1-60.0 .................... 16 NEW MEXICO New Mexico Intermediate..................................................................................................…................................................… 89.5667 ...............................................…......................................................… 2100 WTI 40.0-44.9 .................... 1 New Mexico Sour........................................................................................................................................................................… 80.4667 ...............................................…......................................................… 2101 WTS 34.0-44.9 .................... 4 LOUISIANA North Louisiana............................................................................................................................................................................................................................................… 86.5667 ...............................................…......................................................… 2037 NLS 40.0-44.9 .................... 1 Central Louisiana Sweet............................................................................................................................................................................................................................................… 89.0667 ...............................................…......................................................… 2114 NLS 40.0-44.9 .................... 1 North Louisiana Nacatoch....................................................................................................................… 89.8167 ...............................................…......................................................… 2118 NLN Flat .................... Flat Central Louisiana LCT............................................................................................................................................................................................................................................… 89.3167 ...............................................…......................................................… 2119 LCT Flat .................... Flat North Louisiana Condensate…………………………………………………………………………………………… 85.5667 ...............................................…......................................................… 2128 LCN 40.0-44.9 .................... 1 South Louisiana Light Sweet (Onshore).......................................................................................... 88.0667 ...............................................…......................................................… 2036 LLS 40.0-44.9 .................... 2 South Louisiana Eugene Island (Onshore)...................................................................................... 85.0667 ...............................................…......................................................… 2066 EIC 40.0-44.9 .................... 2 South Arkansas and North Louisiana Sour………………………………………………….... 83.0667 ...............................................…......................................................… 2002 ETR 34.0-44.9 .................... 4
MISSISSIPPI Mississippi Light Sweet…………………………………………………………….... 88.0667 ...............................................…......................................................… 2121 LMS 40.0-50.0 .................... 7 Mississippi Light Sour…………………………………………………………….... 83.3167 ...............................................…......................................................… 2122 MLS 34.0-44.9 .................... 4 COLORADO Colorado Southeastern.......................................................................................................................... 80.0667 ...............................................…......................................................… 2078 RMS 40.0-44.9 .................... 12 D-J Basin....................................................................................................................................................................................… 76.8667 ...............................................…......................................................… 2075 RMS 40.0-44.9 .................... 2 Colorado Western....................................................................................................................................................................................… 76.9467 ...............................................…......................................................… 2077 RMS 40.0-44.9 .................... 3
UTAH Black Wax....................................................................................................................................................................................… 74.7667 ...............................................…......................................................… 2087 RMS 40.0-44.9 .................... 3 ILLINOIS Illinois Sweet..............................................................................................................................................…................................................… 86.0667 ...............................................…......................................................… 2104 ILB 30.0-44.9 .................... 11 INDIANA Indiana Sweet....................................................................................................................................................................................................… 86.0667 ...............................................…......................................................… 2105 ILB 30.0-44.9 .................... 11 KANSAS Kansas Common................................................................................................................................................ 80.4167 ...............................................…......................................................… 2089 KSW 40.0-44.9 .................... 2 Eastern Kansas Common........................................................................................................................................… 80.3167 ...............................................…......................................................… 2109 KSW 40.0-44.9 .................... 2 Eastern Kansas Common Special……………………………………………………………… 75.7667 ...............................................…......................................................… 2117 KSW 40.0-44.9 .................... 2 Northwestern Kansas Sweet............................................................................................................................................ 81.3167 ...............................................…......................................................… 2091 KSW 40.0-44.9 .................... 2 Southwestern Kansas Sweet............................................................................................................................................ 81.5667 ...............................................…......................................................… 2092 KSW 40.0-44.9 .................... 2 Central Kansas Sweet............................................................................................................................................ 82.6667 ...............................................…......................................................… 2124 KSW 40.0-44.9 .................... 2 NEBRASKA Nebraska Western....................................................................................................................................................................................… 76.8667 ...............................................…......................................................… 2079 RMS 40.0-44.9 .................... 1 Nebraska Intermediate....................................................................................................................................................................................… 79.5667 ...............................................…......................................................… 2125 NBS 40.0+ .................... 14 NORTH DAKOTA Williston Basin Sweet................................................................................................................................................................................................................................… 76.5900 ...............................................…......................................................… 2080 NDI 40.0-44.9 .................... 1 Williston Basin Sour............................................................................................................................................................................… 71.6467 ...............................................…......................................................… 2081 NDI 40.0-44.9 .................... 6 OKLAHOMA Domestic Sweet (Cushing)..........................................................................................................................................................… 89.5667 ...............................................…......................................................… 2110 OKA 40.0-44.9 .................... 2 Oklahoma Sweet........................................................................................................................................................................................… 89.5667 ...............................................…......................................................… 2074 OKA 40.0-44.9 .................... 2 Oklahoma Sweet Special…………………………………………………………………….. 85.5667 ...............................................…......................................................… 2115 OKA 40.0-44.9 .................... 2 Oklahoma Sweet-Central........................................................................................................................ 89.5667 ...............................................…......................................................… 2051 OKA 40.0-44.9 .................... 2 Western Oklahoma ..............................................................................................................................................................… 85.0667 ...............................................…......................................................… 2112 OKA 40.0-44.9 .................... 2 Oklahoma Panhandle ........................................................................................................................ 84.5667 ...............................................…......................................................… 2113 OKA 40.0-44.9 .................... 2 Oklahoma Sour................................................................................................................................................................................................................................................ 77.0667 ...............................................…......................................................… 2126 OKA 40.0-44.9 .................... 3 Oklahoma Condensate................................................................................................................................................................................................................................................ 85.9840 ...............................................…......................................................… 2140 OKA Flat .................... Flat Oklahoma Condensate Light................................................................................................................................................................................................................................................ 84.1950 ...............................................…......................................................… 2141 OKA Flat .................... Flat WYOMING Wyoming Southwestern Area.................................................................................................................. 78.6967 ...............................................…......................................................… 2082 WYS 40.0-44.9 .................... 3 Wyoming Sweet other Areas.................................................................................................................. 79.5000 ...............................................…......................................................… 2083 WYS 40.0-44.9 .................... 1 Wyoming General Sour............................................................................................................................ 63.1133 ...............................................…......................................................… 2084 WYS 40.0-44.9 .................... 8 Wyoming Asphaltic Sour........................................................................................................................ 65.8967 ...............................................…......................................................… 2085 WYS 40.0-44.9 .................... 8 (1) The gravity adjustment scale and other terms are set forth on Page 5.
9/30/2014
Page 4 of 5
GRAVITY ADJUSTMENT SCALE 1.
Less $0.02 per barrel for each full degree API below 40.9°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
2.
Less $0.02 per barrel for each full degree API below 40.9° to 35.0°, then less $0.015 per barrel for each 0.1 degree API below 35.0°; less $0.015 per barrel, for each 0.1 degree API above 44.9°.
3.
Less $0.015 per barrel for each 0.1 degree API below 40.0°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
4.
Less $0.015 per barrel for each 0.1 degree API below 34.0°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
5.
Less $0.02 per barrel for each full degree API below 29.9° to 19.9°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
6.
Less $0.10 per barrel for each full degree API below 40.9°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
7.
Less $0.02 per barrel for each full degree API below 40.9°; less $0.015 per barrel for each 0.1 degree API above 50.0°.
8
Less $0.02 per barrel for each full degree API below 40.9° to 36.9°, then less $0.04 per barrel for each full degree API from 36.9° to 34.0°, then less $0.02 per barrel for each 0.1 degree API below 34.0°, and less $0.015 per barrel for each 0.1 degree API above 44.9°.
9.
Less $0.015 per barrel for each 0.1 degree API below 27°.
10.
Less $0.02 per barrel for each full degree API below 40.9° to 35.0°, then less $0.015 per barrel for each 0.1 degree API below 35.0°; less $0.015 per barrel for each 0.1 degree API above 60.0°.
11.
Less $0.015 per barrel for each 0.1 degree API below 30.0°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
12.
Less $0.02 per barrel for each full degree API below 40.9° to 19.0°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
13.
Less $0.015 per 0.1 degree API below 40.0° to 35.0°; less $0.015 per barrel for each 0.1 degree API above 44.9°.
14.
Less $0.015 per barrel for each 0.1 degree API below 40.0°.
15.
Less $0.02 per barrel for each full degree API below 40.9°.
16.
Less $0.03 per barrel for each 0.1 API above 45.0°.
17.
Less $0.03 per barrel for each 0.1 API above 50.0°.
18.
Less $0.015 per barrel for each 0.1 degree API above 45.0°; then less $0.10 per barrel for each 0.1 degree API above 48.0°; then less $0.20 per barrel for each 0.1 degree API above 50.0°.
SELLER WARRANTS THAT THE CRUDE OIL AND CONDENSATE DELIVERED TO PLAINS MARKETING, L.P. 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. PLAINS MARKETING, L.P. MAY RETURN ANY CRUDE OIL OR CONDENSATE CONTAINING CONTAMINANTS IN WHICH EVENT SELLER AGREES TO ACCEPT RETURNED CRUDE OIL OR CONDENSATE, REIMBURSE PLAINS MARKETING, L.P. FOR ANY COSTS INCURRED, AND BE LIABLE FOR ALL DAMAGES, INCLUDING CONSEQUENTIAL DAMAGES AND LOSS OF PROFITS SUFFERED BY PLAINS MARKETING, L.P. AND/OR ITS CUSTOMERS. PLAINS MARKETING, L.P. 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, www.plainsmarketing.com or www.paalp.com for price bulletin information.
Page 5 of 5