netback
Jump to navigation
Jump to search
English
[edit]Alternative forms
[edit]Etymology
[edit]From net + back. The term was widely adopted by the oil industry in the second half of 1985.
Noun
[edit]netback (countable and uncountable, plural netbacks)
- (oil industry) Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.