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netback
From Wiktionary, the free dictionary
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English
Alternative forms
- net-back
- net back
Etymology
From net + back. The term was widely adopted by the oil industry in the second half of 1985.
Noun
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.
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