Week of November 16, 2009
(FY 2010 is from July 1, 2009 through June 30, 2010)
This FY 2010 Weekly Update shows our Spring 2009 projections for Alaska North Slope price and production versus actual price and production data.
ANS Price
The department projects a FY 2010 ANS West Coast annual price of $58.29 per barrel in our Spring 2009 Forecast.
The graphic below shows actual ANS prices and forecasted prices at the end of FY 2010. As shown, fiscal year-end ANS price is $63.99 per barrel. This is $5.70 per barrel (or 8.9%) above our spring projection.
ANS Production
Our Spring 2009 forecast for FY 2010 Alaska North Slope production is 0.655 million barrels per day.
Year-end production, based on actual data at the end of this fiscal year and spring 2009 projections for FY 2010, is 0.645 million barrels/day. This is approximately 10,000 barrels per day (or 1.5%) below our spring forecast.
