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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Operating Netback is equivalent to Adjusted EBITDA net of cash expenses included in Administrative, Geological and Geophysical and Other operating costs
Netback 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.
Operating Netback: 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.