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.
The merger values are higher than the 1999 repurchase offer prices for the few partnerships that had such requirements because the repurchase prices were based on 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.
Pioneer and Pioneer USA agreed to calculate estimated future net revenues of the estimated 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, and (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments.
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.