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