net production rate

net production rate

[′net prə′dək·shən ‚rāt]
(ecology)
The assimilation rate (gross production rate) minus the amount of matter lost through predation, respiration, and decomposition.
References in periodicals archive ?
The company's current average seven-day net production rate is approximately 3,082 BOEPD, comprised of approximately 2,984 barrels of oil per day and approximately 585 thousand cubic feet per day ("MCFPD") of natural gas.
It paid $2.8 billion in taxes and royalties on a gross production rate of 477,000 barrels of oil equivalent, a net production rate of 142,000 barrels of oil equivalent.
Following the completion of drilling of the Shahd South East-06 development well at the ERQ concession, an initial net production rate for the well of 4,800 barrels of oil per day was recorded.
We stabilised our average daily net production rate over the last three quarters and were successful in our efforts to improve our cost structure.
Energy Corporation said, 'With our current net production rate of approximately 1,700 MCFE/D, we continue to expand our geographically diverse portfolio of oil and gas assets by taking meaningful positions in prospects in known producing areas in an effort to manage risk and ultimately drive cash flow.' and added 'As a company, we continue to evaluate a broad range of oil and gas opportunities for potential investment, with a goal of exiting the year with a production rate of 7,000 MCFE/D.'
The Chestnut field has net recoverable reserves estimated at 6.8 million barrels of oil equivalent, and initial average net production rates are expected to be between 6,000 and 10,000 barrels of oil equivalent per day.