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Suite 2100
Houston, Texas 77002

Quality Bank Data

The purpose of Poseidon’s Market Based Quality Bank is to mitigate to the fullest extent possible, value differences between the quality of each producer’s oil and the resultant Poseidon common stream. Unlike most of the quality banks in the Gulf of Mexico that use fixed adjustment factors, Poseidon uses variable adjustment factors for gravity and for sulfur that track the current market value difference between sweet and sour crudes. Poseidon adjusts these factors every month using the value and quality difference between Poseidon crude and a commonly traded marker crude Louisiana Light Sweet. In this way Poseidon, on a monthly basis, compensates the producer for the market value difference between crudes.

  Houma   SM 205  
  Gravity adjustment factor Sulfur adjustment factor
2/1/2015 $0.31 $1.54
1/1/2015 $0.29 $1.48
12/1/2014 $0.33 $1.55
11/1/2014 $0.36 $1.70
10/1/2014 $0.33 $1.64
9/1/2014 $0.33 $1.53
8/1/2014 $0.39 $1.87
7/1/2014 $0.43 $1.97
6/1/2014 $0.35 $1.68
5/1/2014 $0.40 $1.92
4/1/2014 $0.35 $1.51
3/1/2014 $0.32 $1.55
 
 
GRAVITY (degrees API)
 
SULFUR (%)
30.75 1.72
30.80 1.70
31.07 1.68
31.16 1.69
31.33 1.63
30.98 1.72
31.09 1.65
30.85 1.66
31.09 1.61
30.61 1.70
31.06 1.69
30.60 1.74
 
 
GRAVITY (degrees API)
 
SULFUR (%)
30.75 1.72
35.70 1.70
35.38 1.68
0.00 0.00
0.00 0.00
26.26 1.89
0.00 0.00
31.65 1.45
32.11 1.41
32.10 1.41
31.93 1.38
32.49 1.39
 
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