Environment and Energy

June 18, 2015
Oil and Gas Prices and Rotary Rig Counts in June 2015
Written by Peter Wright
Figure 1 shows historical gas and oil prices since January 2000. The daily spot price of West Texas Intermediate fell below $100 per barrel in August and by January 23rd was down to $44.80.
By June 15th, the latest daily figure available from the Energy Information Administration (EIA) the price of WTI had recovered to $59.53. Brent closed at $60.99 on the same day. Natural gas delivered to the Henry Hub in Louisiana fell to $3.85/MM BTUs in August, there was an uptick in November followed by a five month decline, a 38 cent uptick in May followed by a decline of 21 cents so far in June to reach $2.78 on the 12th.


