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Lifting cost and netback
Track cost per barrel and the margin per barrel each month.
Finance & unit economicsOil & gas
How it's worked out
- Lifting cost = operating cost ÷ production. Netback = price − lifting − royalty − transport, per boe
- Same month
NoteGas is converted to barrels of oil equivalent at 6,000 cubic feet per boe by convention; state the factor used.
Source: SPE and industry netback definitions
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