Hi Jim,
As an indication of current commodity prices, I sold my spot gas for today at $2.225/GJ (roughly $2.35/mcf) delivered intra Alberta. And, Intra-Alberta March/99 firm 31 day deliveries are now being contracted at $2.21/GJ. One year firm deliveries run about $0.30/GJ higher. Gas price depends, among other considerations, the duration and type of sales contract (firm delivery obligation versus reasonable efforts delivery).
From the delivered sales price you need to deduct appropriate Nova transportation charges, any other transportation charges (Eg. CWNG), plant processing expense, raw gas gathering charges, crown royalties, overriding royalties, water disposal expense and other miscellaneous operating costs, etc.
Because of large potential variations in all of the above mentioned deductions, some gas is worth much much more than other gas. As an example, 30 MMCF/d of dry raw sweet gas will be worth more than 30 MMCF/d of raw sour Hartell gas. Not only does sour gas cost so much more to process, but there can often be significant "shrinkage" of sales volumes by time all of the impurities have been removed. In addition, while some gas may be heavily burdened with overriding royalties other gas may not be encumbered at all by such overrides.
So, the value of 30 MMCF/d depends upon what 30 MMCF/d it is !!! Sorry that I am not able to offer a more definitive approximate value, for say Hartell gas, but there are just too many "wide ranging possibilities" for some of the aforementioned deductions and I have no valid basis of estimating some of them. So, I think I had better "pass" on trying to answer your question in any other manner than I have herein. Sorry that I can not be more definitive for you.
Have a pleasant day.
Later,
grayhairs |
