RE:RE:Cascadura (~$US 2.50 fixed price gas) in 30 days? Lurk & Learns & EHL:
Today's reminder for my Lurk & Learns of the plethora of discussions & analyses on this thread over the past couple of years wrt the implication(s) "details" of the fixed price contract as it pertains to the funds that are scheduled accrue to TXP starting in (to be generous) sometime in Q3/H2 2023.
Meaning many others have characterise this "gap" (or difference) in terminology over the YEARS since it's ratification with the NGC; using the two salient clarification terms: GROSS and NET.
Many calculations have evolved c/w price qualifiers as follows:
RE: "It is $2.50 minus 12.5% royalty less $.05 operating costs"
any when any nubie looking to edificate all Lurk & Learns of an (apparent misstatement) assumptions c\should be presented/elucidated. e.g.
It is $US 2.50 (GROSS), less 12.5% royalty ($0.3125) and ~$0.05 attributable to operating costs for a NET of $2.1375 per mcf.
BWDIK? "The devil is in the details?" or so they say.
GLTAL GLAP Caveat Emptor
Cheers
Stanley