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  "documentTitle": "Evercore | Investment Banking Pitch Book | 56 slides",
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  "presentationDate": "2022-09-01 00:00:00",
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  "notes": "The chart illustrates the gap between gross and net pricing, with a vertical dashed line indicating the transition from historical to projected data.",
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      "text": "Historical and Projected Realized Export Pricing",
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      "text": "Net realized export pricing equals the gross realized price less applicable freight costs per unit of export volume. Gross pricing for direct exports accounts for seaborne shipping costs. Gross pricing for exports via ANSAC do not bear seaborne shipping costs.",
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      "text": "The difference between SIRE's realized gross and net pricing for direct exports was approximately $109 in 2021 and is projected to be greater than $140 in 2022.",
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      "text": "SIRE management contends that IHS systematically underestimates the transportation and storage costs for export volumes.",
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      "text": "Source: SIRE management, USGS, IHS. Note: For historical periods, SIRE netback pricing for domestic sales and exports is expressed as the gross realized price less the freight cost per unit sales volume, respectively, by sales channel.",
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