InPlay Oil: Grabbing Natural Gas Midstream Capacity
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InPlay Oil is taking advantage of low natural gas prices to secure long-haul midstream capacity, which is typically inaccessible to smaller companies. This strategic move comes as natural gas prices remain low, impacting the company's operating netback for Q3 2024, where liquids sales dominate.
November 17, 2024 | 1:15 pm
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InPlay Oil is leveraging low natural gas prices to secure midstream capacity, a strategic move that could enhance its operational capabilities despite low natural gas contributions to its Q3 2024 netback.
InPlay Oil's acquisition of midstream capacity during a period of low natural gas prices is a strategic move that could improve its operational efficiency and future revenue potential. The low contribution of natural gas to the Q3 2024 netback highlights the importance of this move in diversifying and strengthening the company's asset base.
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IMPORTANCE 70
RELEVANCE 80