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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

Energy Oil & Gas E&P
Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta... see more

TSX:VRN - Post Discussion

Veren Inc > EIA counting ngl's as oil production
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Post by Diligent2 on Jan 09, 2024 4:45pm

EIA counting ngl's as oil production

Is that correct? When did they not count it that way? Does that mean that production should not really count them as oil production?  And most importanrly did us production not rise at all last year when compared to 2022?
Comment by Marty57 on Jan 09, 2024 6:06pm
NGLs are those heavier hydrocarbons that are part of the raw natural gas stream, those components being propane, butane, a portion of the ethane and everything heavier than butane which is grouped together as pentanes plus. The NGLs are extracted from the raw gas stream in normal gas processing that must be done to make marketable natural gas.   My understanding on the EIA change is that the ...more  
Veren Inc