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[net-bak] /ˈnɛtˌbæk/
a calculation of the price of crude-oil products based on the price of crude oil. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for netback
  • The netback appears less satisfactory now only because of low energy prices.
  • The concerns centered around the use of the netback procedure to value no-sales electrical generation resources.
  • Estimated contract prices based on government-selling prices, netback values, or spot market quotations.
  • Also includes netback tables, and other market critical data.
  • In other words, cargoes are sold and shipped to those markets that will yield the highest netback prices.
  • The other method a lessee could use to determine the market value of oil or gas is the work-back or netback method.

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