2nd Quarter Oil and Gas Prices

[dan_s]

Oil and natural gas prices during the second quarter of 2010 were higher than a year ago.

In the United States:
> Henry Hub natural gas spot prices averaged US$4.31 per MMBtu in the second quarter of 2010 an increase of 16% over the second quarter 2009 average of US$3.70 per MMBtu.
> West Texas Intermediate crude oil averaged US$77.88 per barrel during the quarter compared to US$59.69 per barrel in the same period in 2009.

In Canada:
> AECO natural gas spot prices averaged $3.90 per MMBtu, 13% higher than the second quarter 2009 average of $3.46 per MMBtu.