Natural gas prices fell precipitously at year end to $3.52/MMBtu, compared to a $6.45/MMBtu average during 2022. Crude oil prices also declined during the 2H 2022, but not as dramatically, ending the year at $80.16/bbl.

Mineral and royalty (M&R) entities continued to consolidate. Publicly traded Sitio Royalties was formed in June 2022 from the combination of Desert Peak and Falcon Minerals. Sitio then merged with Brigham Minerals in late 2022, joining Viper and Black Stone Minerals as the major M&Rs.

Overview for this edition:

• Benchmark Spot Prices
• Historical and Futures Oil & Gas Prices
• Rig Count by Basin
• Production by Area
• Stock Price Performance: Selected E&Ps and Royalty Trusts, Mineral and Royalty (M&R) Entities
• Publicly Traded E&P Valuation Multiples and M&R Valuation Multiples