wellhead price

noun

Definition of wellhead price

: the price less transportation costs charged by the producer for petroleum or natural gas

First Known Use of wellhead price

1953, in the meaning defined above

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The first known use of wellhead price was in 1953

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Cite this Entry

“Wellhead price.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/wellhead%20price. Accessed 10 December 2019.

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