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What is Natural Gas Lease Production?
Natural gas lease production refers to the volume of natural gas that is produced from a specific lease or group of leases. A lease is an agreement between a landowner and a natural gas company that grants the company the right to extract natural gas from the land in exchange for royalties or other forms of compensation. Natural gas lease production typically refers to the amount of natural gas that is produced from a particular lease over a specific time period, such as a month or a year. This includes all natural gas that is extracted from the ground and processed for sale, as well as any gas that is used on-site for production activities.