Leasehold reserves

Natural gas liquid reserves corresponding to the leasehold production defined above.

Production of natural gas liquids is classified as follows:---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.---Leasehold Production. Natural gas liquids produced, extracted, and credited to a company's interest.---Contract Reserves. Natural gas liquid reserves corresponding to the contract production defined above.---Leasehold Reserves. Natural gas liquid reserves corresponding to leasehold production defined above.