Natural Gas

Natural gas deliveries for the account of others are deliveries to customers by transporters that do not own the natural gas but deliver it for others for a fee. Included are quantities covered by long-term contracts and quantities involved in short-term or spot market sales.

The total of an individual nation's dry natural gas production plus imports less exports.

The amount of natural gas contained at standard temperature and pressure (60 degrees Fahrenheit and 14.73 pounds standard per square inch) in a cube whose edges are one foot long.

A gaseous mixture of hydrocarbon compounds, the primary one being methane.

See Dry natural gas.

The volume of natural gas withdrawn from reservoirs less (1) the volume returned to such reservoirs in cycling, repressuring of oil reservoirs, and conservation operations; less (2) shrinkage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 Volumes of gas withdrawn from gas storage reservoirs and native gas, which has been transferred to the storage category, are not considered production.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.)

The volume of natural gas withdrawn from reservoirs less (1) the volume returned to such reservoirs in cycling, repressuring of oil reservoirs, and conservation operations; less (2) shrinkage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. Note: Volumes of gas withdrawn from gas storage reservoirs and native gas that has been transferred to the storage category are not considered part of production. This production concept is not the same as marketed production, which excludes vented and flared gas.

A market in which natural gas is bought and sold for immediate or very near-term delivery, usually for a period of 30 days or less. The transaction does not imply a continuing arrangement between the buyer and the seller. A spot market is more likely to develop at a location with numerous pipeline interconnections, thus allowing for a large number of buyers and sellers. The Henry Hub in southern Louisiana is the best known spot market for natural gas.

Represents differences between the sum of the components of natural gas supply and the sum of components of natural gas disposition. These differences may be due to quantities lost or to the effects of data reporting problems. Reporting problems include differences due to the net result of conversions of flow data metered at varying temperatures and pressure bases and converted to a standard temperature and pressure base; the effect of variations in company accounting and billing practices; differences between billing cycle and calendar-period time frames; and imbalances resulting from the merger of data reporting systems that vary in scope, format, definitions, and type of respondents.

Those economic resources of crude oil and natural gas, yet undiscovered, that are estimated to exist in favorable geologic settings.

A mixture of generally gaseous hydrocarbons and varying quantities of non-hydrocarbons that exist either in the gaseous phase or in solution with crude oil in natural underground reservoirs. Natural gas consists mainly of methane (80%) and significant proportions of ethane, propane and butane. There will always be some condensate and/or oil associated with the gas. The term is also used to mean treated gas which is supplied to industrial, commercial and domestic users and meeting a specified quality.

Hydrocarbon gas found in the earth, composed of methane, ethane, butane, propane and other gases.