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.
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During the Q4, our netback in the Eagle Ford of C$30.
The international oil and gas company has established high netback production, development and exploration assets, including production infrastructure in New Zealand and Australia.
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.
According to Torc, the strategic acquisition includes over 1,550 boepd (94% light oil and liquids) of high quality, low decline, strong netback, light oil producing assets.
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.
The new coverage includes Gladstone netback pricing, designed to provide an indicative reference point for the value of LNG fob cargoes traded at Gladstone.
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.
The larger inventory of high netback light oil opportunities of the combined asset base enables us to high grade our investment opportunities.
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.