The Eagle Ford sale helped the company cuts its 2018 operating expenses forecast to 8 cents-10 cents per Mcfe
from 9 cents-11 cents and focus on gas production from Marcellus Shale.
) in the Netherlands will be transferred to Rocla Oyj in Finland, in which MCFE
owns nearly 100% of equity.
SURFLANT 2008 Sailor of the Year CS1(SW/AW) Yates, MCFE
, CHM, CPFM Leading Culinary Specialist USS Gunston Hall (LSD 44)
A barrel of oil equivalent ('boe') or units of natural gas equivalents ('Mcfe
') is calculated using the conversion factor of 6 Mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil.
Drill-bit finding cost of 22c per mcfe
, including performance revisions.
Luke Parker, Manager of Wood Mackenzie's M&A research service underlines the magnitude of the market, "Through the first half of this year alone, in excess of 35 Tcf of shale gas resource changed hands at an average cost of US$0.60 per million cubic feet of gas equivalent (mcfe
The deal, worth $2.95 per thousand cubic feet equivalent (Mcfe
) on a proved reserved basis and $4,107 Mcf per day on a production basis, was seen as a "net neutral" to Chesapeake's net asset value, according to research from CapitalOne Southcoast in New Orleans.
The weighted average equivalent sales price during the three months ended June 30, 2019 was $4.34 per Mcfe
, compared to $4.79 per Mcfe
for the same period last year, as we experienced an 8% decrease in both crude oil and natural gas prices and a 40% decrease in natural gas liquids prices.
When divided by the extensions and discoveries of 960 Bcfe, this yields a drill bit F&D cost of $0.51 per Mcfe
. Future development costs for proved undeveloped reserves, or PUDs, are estimated to be approximately $1.43B, or 42c per Mcfe
EBITDA cash costs of about $1.00 per Mcfe
in 2018 allows for relatively favourable net backs even at the currently weak commodity prices and wide locational differentials.
Diversified's acquisition of Alliance's conventional, producing wells, combined with the previously announced and upcoming acquisition of similar assets from CNX Gas company, LLC, will increase the company's total net daily production by nearly 175% to approximately 170,000 Mcfe
or 28,000 Boe.