$100 ain't what you get
Check here for the price of "Big West Oil" Black Wax crude:
For further reading:
Note also the price is adjusted -$0.15 for each 1 pt API gravity less than 40; i.e., 30 gravity oil is at a $1.50 discount to the posted prices. This is normal in all oil sales contracts. Also, refinery contracts are generally less than Brent and NYMEX, because they reflect local markets and transportation charges if you were to actually move the stuff to New York for delivery. Contracts also require the oil to be clean (100% oil), or there will be an adjustment to reflect the dilution.
Depends on where you are and what you're selling.
""Foreland will pay the "Big West Oil" Black Wax crude posting adjusted for gravity and B.S. & W. and less freight delivered to Foreland's Eagle Springs Refinery.""
Thought this is about a different company and field;
""The acreage produces "black wax" crude, which because of a high paraffin content is solid at room temperature. Boothby says it looks like "black shoe polish.""