# Tetco pricing index

**URL:** https://www.mineralrightsforum.com/t/tetco-pricing-index/60752
**Category:** General Mineral Rights Discussion
**Created:** [February 21, 2021, 3:30pm UTC](https://www.mineralrightsforum.com/t/tetco-pricing-index/60752 "2021-02-21T15:30:48Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![JedClampett](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/65b543/32.png) [@JedClampett](https://www.mineralrightsforum.com/u/JedClampett)
#### Post date: [February 21, 2021, 3:30pm UTC](https://www.mineralrightsforum.com/t/tetco-pricing-index/60752/1 "2021-02-21T15:30:48Z")

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Hi - My gas lease company says they use the “Tetco M2 first of the month” index to calculate our royalties each month. Does anyone know where these prices are published? I can’t find it online.

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 21, 2021, 4:03pm UTC](https://www.mineralrightsforum.com/t/tetco-pricing-index/60752/2 "2021-02-21T16:03:37Z")

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[https://www.theice.com/products/37042680/TETCO-M2-Basis-Future-Receipts](https://www.theice.com/products/37042680/TETCO-M2-Basis-Future-Receipts)

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### Author: ![JedClampett](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/65b543/32.png) [@JedClampett](https://www.mineralrightsforum.com/u/JedClampett)
#### Post date: [March 16, 2021, 5:21am UTC](https://www.mineralrightsforum.com/t/tetco-pricing-index/60752/3 "2021-03-16T05:21:21Z")

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Thank you for the link. I found that, but was unable to find a month by month (for the last two years) listing of the Tetco M2 first of the month. I have been getting royalties for the last two years, they have paid royalties based on prices as low as 1.64 for natural gas. I never seen a price that low published anywhere. Thanks again, still searching.

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [March 16, 2021, 3:41pm UTC](https://www.mineralrightsforum.com/t/tetco-pricing-index/60752/4 "2021-03-16T15:41:10Z")

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Keep in mind that many operators have specific contracts with carriers, so even though they may use a certain list as a guide, it may not be the actual number that is used for your royalties.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 22, 2021, 3:31pm UTC](https://www.mineralrightsforum.com/t/tetco-pricing-index/60752/5 "2021-05-22T15:31:27Z")

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