Production, natural gas liquids

{
  "id": "MLC-T-ENE-001790",
  "term": "Production, natural gas liquids",
  "field": "Energy",
  "definition": "Production of natural gas liquids is classified as follows:\n\n• 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.\n• Leasehold Production. Natural gas liquids produced, extracted, and credited to a company's interest.\n• Contract Reserves. Natural gas liquid reserves corresponding to the contract production defined above.\n• Leasehold Reserves. Natural gas liquid reserves corresponding to leasehold production defined above.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/production-natural-gas-liquids/"
}