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TeachMeFinance.com - explain Production, natural gas Production, natural gas The term 'Production, natural gas' as it applies to the area of energy can be defined as ' The volume of natural gas withdrawn from reservoirs less (1) the volume returned to such reservoirs in cycling, repressuring of oil reservoirs, and conservation operations; less (2) shrinkage resulting from the removal of lease condensate; and less (3) nonhydrocarbon gases where they occur in sufficient quantity to render the gas unmarketable. Volumes of gas withdrawn from gas storage reservoirs and native gas, which has been transferred to the storage category, are not considered production. Flared and vented gas is also considered production. (This differs from 'Marketed Production' which excludes flared and vented gas.)'. Previous 5 Terms: Production flexibility contract Production payments Production plant liquids Production, crude oil Production, lease condensate Next 5 Terms: Production, natural gas, wet after lease separation Production, oil and gas Productive capacity Productivity Productivity Investments About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.