SUBSCRIBER NOTE: Platts to assess WTI Midland crude at East Houston (MEH)

Platts has launched a new assessment for West Texas Intermediate Midland Crude Oil out of the Magellan East Houston Terminal with effect from February 26, 2015.

This new assessment, to be called WTI MEH, is part of a suite of evolving assessments designed to reflect crude oil spot market developments in the Houston area.

This new assessment reflects 1,000 b/d of ratable crude, for a minimum of 25,000 barrels in total, delivered over the course of the prompt pipeline month on a Free In Pipe (FIP) basis.

Platts reflects Midland WTI quality as delivered to the Magellan East Houston Terminal.

This new assessment will be published alongside the existing assessment for Light Houston Sweet crude, launched in July 2013, which reflects the value of crude delivered out of three Houston terminals: Magellan East Houston Terminal, Enterprise Houston Crude Oil (EHCO) Terminal, and the Oil Tanking Houston Terminal.

The new assessment will be published as a flat price and as a spread.

The spread will reflect the difference in value for physical WTI MEH versus physical WTI in Cushing, Oklahoma, both for delivery in the prompt pipeline month.

WTI MEH will be published in Crude Oil Marketwire, Oilgram Price Report and North American Crude and Products Scan, as well as on Platts Global Alert pages 210, 211, 214 and 215.

The assessments will be published in Platts price database using the following codes:

Assessment Daily Monthly average WTI MEH AAYRG00 AAYRG03 WTI MEH vs WTI Cushing AAYRH00 AAYRH03

Please send any questions, suggestions, or comments to americas_crude@platts.com and pricegroup@platts.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.