gas full return 1 yr, page-3

When companies report production they will usually say something like 80% oil, 20% gas. Some of the "oil" is in fact NGL.

NGL has different pricing to real (crude) oil.

Crude has the best pricing per BOE (approx $90)
NGL is about $40
Gas is about $25

For Range / Austex, I think their production is about 60:20:20 but the press releases usually just state 80:20 because it sounds better.

On the other had,gas producers will often emphasize their "liquids rich" production because that is a positive for them