calculate_operating_netback
Compute operating netback per barrel of oil equivalent by subtracting royalties, operating expenses, and transportation costs from revenue, using oil and gas prices and production rates.
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 |