netback

net·back

 (nĕt′băk′)
n.
The value of a unit of crude oil or natural gas calculated as the sales price of the products refined from it minus the cost of producing those products.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
Accretive to debt-adjusted funds flow per share by approximately 11 percent, while also improving the corporate operating netback by approximately five percent, lowering the capital required to sustain annual production and enhancing the Company's financial flexibility.
The sale is accretive to debt-adjusted funds flow per share by approximately 11%, while also improving the corporate operating netback by approximately five percent, lowering the capital required to sustain annual production and enhancing the company's financial flexibility.
* Cuda's average operating netback (see Non-GAAP measures) increased to $24.31/ boe for the second quarter, from $15.01/ boe for the first quarter of 2019.
In Queensland, prices offered by producers for gas supply fell below $10/GJ in early 2019 at the same time that the expected LNG netback prices for 2020 fell.
Fitch recognizes LONE will remain relatively small despite significant yoy growth rates, but believes production risk is manageable due to the company's strong well results and relatively robust unit economics, including unhedged cash netback of approximately $23.10/boe at June 30, 2018.
The Wyoming Asset produces high netback light sweet oil entirely from the Shannon formation.
The company also highlights its Irish operation pays "no royalties" and has "low operational expenditure", which all translates to high netback and significant free cash flow.
Platts assesses FOB Novorossiisk Aframax cargoes as a freight netback to the CIF-delivered Rotterdam Urals market, using the Baltic to UK-Continent 100,000 mt freight route to calculate the Urals value back to its loading point at the Russian Baltic ports of Ust-Luga and Primorsk.
This market at present is offering the best returns on a netback basis.
In the 1990s, Sonatrach tried to revive the trade in the US by sending volumes of its LNG to one of these terminals on consignment, with the gas to be paid for on the basis of a netback formula.
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.