netback
netback noun: revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.
Noun
netback (countable and uncountable, plural netbacks)
- Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.
Forms of netback
| plural | netbacks |
|---|---|
| alternative form | net-back |
| alternative form | net back |
Origin of netback
From net + back. The term was widely adopted by the oil industry in the second half of 1985.
Questions about netback
- What does netback mean?
- Netback means revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.
- What part of speech is netback?
- Netback is a noun.
- What is the plural of netback?
- The plural of netback is netbacks.
Words near netback in the dictionary
Source and license
Adapted from Wiktionary: netback (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “netback.” Word.ws, https://word.ws/netback. Based on Wiktionary, CC BY-SA 4.0.
