is equivalent to Adjusted EBITDA net of cash expenses included in Administrative, Geological and Geophysical and Other operating costs
per barrel, netback
per barrel including commodity contracts, net operating income funds from operations and adjusted working capital (collectively, the "Company's Non-GAAP Measures") are not measures recognized under Canadian generally accepted accounting principles ("GAAP") and do not have any standardized meanings prescribed by GAAP.
According to preliminary estimates netback
of crude oil supplied to the Russia is lower than netbacks
of crude oil exported via UAS and CPC routes.
: For the six months ended June 30, 2014, operating netback
(a non-GAAP measure) was $7.
In April, the government will review its new draft socio-economic development strategy for the period to 2030, which assumes much slower domestic gas tariff growth than the current 15%, with the netback
price linked to European and US spot market prices rather than Gazprom's ex port pri ces.
In regards to North Dakota and the Bakken play, PIRA believes that rail is likely to provide a better Bakken netback
than pipelines in the near term, driven by a continuing WTI discount to LLS combined with a Canadian/ Bakken discount to WTI.
During the quarter, Bankers achieved several key milestones, including record revenue, netback
and cash flow.
The race for netback
pricing in OPEC led to a price war among the members, particularly between Iran and Saudi Arabia.
88 a barrel on Thursday, according to netback
calculations by Bloomberg and EnSys Energy.
The Comision Reguladora de Energia (CRE) has implemented the netback
rule that uses the price of gas in Texas to set the price of gas in Mexico adjusting for transportation costs since 1996 (see Comision Reguladora de Energia 1996).
In contrast, a year earlier QGPC had sold crudes at a very low netback
price, as in the case of its Gulf neighbours.
Equally important, May 2010 operating netback
for the project increased to approximately C$34.