Oil & Gas
NGL Separation & Sale
Recording revenue from natural gas liquids (ethane, propane, butane) extracted from raw gas.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Trade Receivable (NGL Products) | Asset (+) | 2,800,000.00 | - |
| NGL Revenue | Revenue (+) | - | 2,800,000.00 |
💡 Accountant's Note
NGLs are separated at a gas processing plant and sold as individual components. NGL extraction improves the economics of gas production. Revenue is allocated to each NGL product based on its market price.
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