Chord Energy (CHRD) - 2023 Q2 - Earnings Call Transcript

In addition, NGL realizations were impacted by a combination of lower Conway prices and impacts associated with our TNF [ph] fees. Our TNF fees are allocated based on a percent of gas and NGL revenues. With Uyghur residue gas prices in the second quarter NGL realizations were disproportionately impacted quarter-overquarter. We have updated realization guidance to reflect recent market conditions. From an operating profit standpoint, the result of this change is neutral. But it does result in higher GPT but ...