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ND 2024 Onshore_Fig3

Left: Spears and Associates expects the WTI price to fall within the same range in 2025 as in 2024. While it’s forecasting a slight rise from an average of $79.22 in 2024 to $80.38 in 2025, Mr Spears said WTI will generally fluctuate between $75-85 for much of next year, as it did this year.
Right: The Henry Hub price will show slight recovery from its $2.21/mmBtu average in 2024, moving up to $2.71/mmBtu in 2025, according to Spears and Associates. That is still well below the 2022 average of $6.35.

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