calculate_operating_netback
Calculate operating netback per BOE by subtracting royalties, operating expenses, and transportation costs from revenue. Uses oil and gas prices with production rates to determine profitability per barrel of oil equivalent.
Instructions
Calculate operating netback per BOE.
Revenue - royalties - opex - transport per BOE. Gas at 6 Mcf/BOE.
Args: oil_price: Oil price ($/bbl). gas_price: Gas price ($/Mcf). oil_rate_bpd: Oil production rate (bbl/day). gas_rate_mcfd: Gas production rate (Mcf/day). opex_per_boe: Operating expense per BOE ($/BOE). royalty_pct: Royalty fraction (0-1). Default 0.125. transport_per_boe: Transportation cost per BOE ($/BOE). Default 0.0.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| oil_price | Yes | ||
| gas_price | Yes | ||
| oil_rate_bpd | Yes | ||
| gas_rate_mcfd | Yes | ||
| opex_per_boe | Yes | ||
| royalty_pct | No | ||
| transport_per_boe | No |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | Yes |