Still chewing on this stuff.
Below is EnCana summary column for Q3 2010
- I deleted rest of table cols. due to difficulties doing a copy/paste from PDF display and preserving columns.
First page of PDF clearly states US Dollars
Below is just one section of the area of PDF table you pointed me to.
Total Netback - USA Division ($/Mcfe)
Price _______________________5 .14 [avg. selling price over 3 Qtrs.]
Production and mineral taxes_____0 .31
Transportation and selling_______0 .94
Operating ___________________0 .56 [avg. US production cost]
Netback _____________________3.33 _[avg. net profit ??]
I quit here for the moment. Price above looks reasonable for what they may have been able to sell for in that time frame. Netback (if profit) sure sounds high !!!
No clue yet why the Canadian operations numbers are so much higher. First thought was exchange rate, but resolved that - all in USD. So, guess that leaves the type of field/well etc. that account for the higher costs for Canadian operations. Later on this.
This seems to be a great link on the various processing steps that can be involved in transforming well head gas to pipe line quality.
Anyway Hal, thanks for the input. Still seems to me that better average numbers should be available, but the terms in the production equation sure seem that they can get messy (see link above).
For all I know, well head production cost of a barrel of Saudi Oil is a dime !!!!!