Survey: Banks move price decks above strip prices

摘要

Historically, the lender base-case price decks presented in the Mac-quarie Tristone Energy Lender Price Survey have used prices at a discount to the current forward strip. The recent downward move in commodity prices has driven lender base-case price decks above the current strip prices for the first time in the past five years. Between 2009 and 2014, base-case price decks had a range of 72% to 86% of WTI in the front-year and a range of 73% to 90% average of the forward five years. Current base-price decks for 2015 year-to-date average 101 % of WTI in the front year and 101% average of the forward five years. The quarterly survey includes input from 39 participating banks.