Oil & Gas Prices used in EPG Forecasts

[dan_s]

I will be updating all of my forecast/valuation models over the next two weeks. I will be increasing the oil, gas and NGL prices used in the models.
Here is what I will be using for oil and natural gas. NGL prices are more unique to each company.

WTI Oil Prices for modeling. I do think WTI will move higher, but it is better to use a more conservative price for modeling.
2021
$58 for Q1
$65 for Q2
$70 for Q3
$75 for Q4
2022 I will us $75 for the full-year

Henry Hub Natural Gas Prices for modeling. Natural gas prices are set by regional supply/demand, so if we have a hot summer followed by a cold winter the price of U.S. natural gas could go a lot higher, but better to use more conservative prices for modeling.
2021
$2.60 for Q1
$3.00 for Q2
$3.30 for Q3
$3.50 for Q4
2022
$3.50 for Q1
$2.75 for Q2
$3.25 for Q3
$3.50 for Q4
Ave if $3.25 for the year