Production, natural gas liquids

What is Production, natural gas liquids?

Production, natural gas liquids meaning Production of natural gas liquids is classified as follows:

  • Contract Production. Natural gas liquids accruing to a company because of its ownership of liquids extraction facilities that it uses to extract liquids from gas belonging to others, thereby earning a portion of the resultant liquids.
  • Leasehold Production. Natural gas liquids produced, extracted, and credited to a company’s interest.
  • Contract Reserves. Natural gas liquid reserves corresponding to the contract production defined above.
  • Leasehold Reserves. Natural gas liquid reserves corresponding to leasehold production defined above.

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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