The results are in from the latest DOB/KPMG Top Operators report, and overall it’s a story of “little successes” for an industry that continues to face major headwinds.
When it comes to operating netback, or a company’s net revenue minus operating and transportation costs, on average the top 25 producers saw an increase of $4.79/boe in 2018 compared to 2017.
Here’s a look at the top publicly traded oil and gas companies by netback in 2018, and the operations with the biggest change year-over-year.
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NOTE: Royalty companies have been removed from this list as they have no operating or transportation costs and may skew results.