Examples of Mcf in a sentence
Also disclose the same information on a unit value basis (e.g., $/Mcf or $/bbl using net reserves) using a discount rate of 10 percent and calculated before deducting future income tax expenses.
Pioneer and Pioneer USA ignored any economic limit, or point at which production would become unprofitable, otherwise assumed in the 1998 Willxxxxxx reserve report because that reserve report used NYMEX oil and gas prices as of December 31, 1998, which were $12.00 per Bbl of oil and $2.00 per Mcf of gas.
In contrast, the merger values are based on (1) an arithmetic average of the five-year NYMEX futures price for oil, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, and (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments.
The reserve value is based on the present value of estimated future cash flows from the partnership's reserves at June 30, 1999, using (1) an arithmetic average of the five-year NYMEX futures price for oil, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments, and (3) a 12.5% discount rate.
During such a period, the customer or customer’s Supplier shall be charged the Daily Index price for the cash out of imbalances set forth in General Information Section 29 plus $25.00 per Mcf exceeding two (2) percent of the applicable DDQ or ADDQ, or the customer’s usage in cases where it determines its own DDQ.