netback means revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation. Lexicurio rates it Sui generis — a strength score of 92 out of 100.
Etymology
From net + back. The term was widely adopted by the oil industry in the second half of 1985.
noun
- Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.