Post by
ztransforms173 on Nov 06, 2023 5:39pm
WOW ! Power Revenues GREATER Than Energy (NG) Costs In Q3
- FIRST TIME I EVER SEE this happen at MEG Energy !
Power revenue exceeded energy operating costs in the third quarter of 2023 generating a $0.04 per barrel net recovery relative to a $0.96 per barrel expense in the comparable 2022 period. Weaker natural gas prices reduced energy operating costs more than the offsetting impact of a lower realized price on power revenue. Power revenue offset 101% and 84% of energy operating costs in the third quarters of 2023 and 2022, respectively.
z173
Comment by
ztransforms173 on Nov 06, 2023 5:57pm
POWER REVENUES in Q3/2023: $ 32 million - so MEG is spending LESS than $ 32 million in Q3/2023 on NATURAL GAS (NG) to provide the FEEDSTOCK to the 170 MW CO-GENERATION {steam + electricity} plants (2* 85 MW) z173