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bdahl385

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bdahl385

Re: Badge714 post# 43849

Thursday, 01/22/2009 9:21:54 AM

Thursday, January 22, 2009 9:21:54 AM

Post# of 51429
The 20% reduction in the crude price gross to net is because of the royalty payment to the mineral rights owner. Hemi has PR'd previously that the Woodson Co. leases are 80% net leases (80% for Hemi, 20% for the royalty).

The Coffeyville, KS crude prices has an entry for Eastern KS crude which derates it slightly compared to the other KS crude oil grades because of the relatively lower API of its oil.

http://www.coffeyvillecrude.com/CVRCrude/showPriceBulletins.do

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