Price Realization Analytics

Note: Prices are calculated using MAX(value) per lease/product/date to select the primary reporter. NGL units vary by state and operator (TX: varies by operator - gal/mcfe/bbl, ND: bbls, NM: mcfe). Use "NGL Units per BBL" to convert (e.g., 42 for gallons, 1 if already bbls). Benchmark data from EIA.
GPT Metrics: Oil GPT = oil marketing costs / lease_oil ($/bbl). Gas+NGL GPT = (gas + NGL marketing costs) / lease_gas ($/mcf).
TX Marketing Costs: Texas marketing costs reflect more than just wellhead GPT. Per TX Tax Code §201.101 and Rule 3.15, taxable value = gross cash receipts minus allowable marketing costs, which include equipment depreciation (with 6% ROI on undepreciated balance), labor (50% for gas wells, 25% for oil wells), overhead (6% of marketing-related accounts), and metering costs. Separation and production costs are excluded. See TX Comptroller guidelines for full details.
NM Marketing Costs: For New Mexico wells, the "marketing" column represents transportation adjustments (gathering, compression, mainline transport) and processing adjustments (dehydration, sweetening, liquid extraction) as reported on OGT severance filings via NM TAP. See 3.18.6 NMAC for full regulations.