Nelson Complexity is a means of assessing the cost and complexity of a refining operation, and assessing its value, and the potential value/margin of the refined products stream it can generate.
The complexity basis is the crude unit (aka atmospheric distillation unit, or topping unit), with a complexity factor of 1.0.
Additional capabilities like a vacuum unit, thermal units, etc., have higher complexity factors, which are additive - the higher the Nelson Index, the more complex and capable in general the refinery will be, and the higher its product stream value will be.
It is not a perfect measure for valuing a refinery, but it is a good start - it also factors in complexity as a measure of complexity/barrel, which is useful in comparing across different refinery operations.
An operation like BDOC's Nixon unit has a complexity index very near, if not 1.0 - it is likely possible to do a rough analysis of the Nixon unit from permit and other public documents to get a more accurate index. That value, combined with the known 15k bbl throughput would be a reasonable metric for BDCO's chances to do something like sell the operation at a profit.
Recent BDCO News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 09:45:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2024 12:43:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 05:48:08 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/15/2024 09:09:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 03:35:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:15:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 12:34:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 10:01:56 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:43:19 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/04/2024 07:49:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 07:57:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:51:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 08:13:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 10:22:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:49:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 10:23:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 02:09:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 07:26:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 05:45:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/10/2023 06:56:45 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM