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<blockquote data-quote="Caustic Burno" data-source="post: 1671011" data-attributes="member: 694"><p>That's right good friend of mine was over production for a different major than I worked for. They targeted two dollars a barrel profit over production cost, that includes everything from drilling upkeep etc.</p><p>Each well had an operating factor on it that determined the production rate.</p><p>In the refinery we targeted a penny a gallon profit over the price of crude and operating cost.That cost is based on today's crude using the 3-2-1 crack spread price that is 60 days out.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1671011, member: 694"] That’s right good friend of mine was over production for a different major than I worked for. They targeted two dollars a barrel profit over production cost, that includes everything from drilling upkeep etc. Each well had an operating factor on it that determined the production rate. In the refinery we targeted a penny a gallon profit over the price of crude and operating cost.That cost is based on today’s crude using the 3-2-1 crack spread price that is 60 days out. [/QUOTE]
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