Good work SP,
However, it would be better to use
a) around $80 for oil for current quarter (positive impact) - higher oil price received
b) around $1.70 to $1.80 for gas (negative impact) - lower gas price received
c) and my guess (and it is only guess) would be around $40 for Condensate. Not much difference in the scheme of things.
You would need to factor in commodity price change and production change to get a more accurate estimate.
In most cases, there is around 1 month delay between production/sales and payment.
For example, for June Quater
Sales are from April, May and June, and
Revenue is from sales in March, April, May - so we are getitng close to last revenue producing sales for the current quarter.
WTI future
Henry Hub Gas Futures
Good work SP,However, it would be better to use a) around $80...
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