Argus Petroleum Transportation Methodology Guide

This document is a methodology and specifications guide for Argus Petroleum's transportation services in North America. It outlines the processes used to construct methodologies that reflect market trading practices, ensuring that price assessments are reliable and representative of commodity market values. The guide details the survey process for collecting market data, emphasizing the importance of engaging with a wide range of market participants, including producers, consumers, and intermediaries. It describes how Argus reporters gather and validate transaction data, bids, offers, and other market information, applying rigorous scrutiny to ensure the integrity of price assessments. The document also discusses the verification of transaction data, including primary and secondary tests applied by reporters and editors to maintain quality. Additionally, it explains the assessment guidelines used when transaction data is insufficient, highlighting the application of intelligent judgment and widely accepted valuation metrics to determine market value accurately.