AOK 0.00% 0.3¢ australian oil company limited.

When companies report production they will usually say something...

  1. Dis
    3,741 Posts.
    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
 
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