Natural Gas Liquids pricing

There are 2 companies that list NGL’s on my revenue statement. For March production Co. A has a price of $1.49. Co. B has a price of $55.06 for March production. What would cause such a vast difference in product price?

Generally NGL volumes are reported in gallons. Some companies report NGL in barrels. A barrel is 42 gallons. So 1000 gallons @ $1.49 = $1,490. The same volume in bbls is 23.81 bbl. The reported price would $1,490 / 23.81 is price of $62.58. In your case, $55.06 / 42 gallons per bbl = $1.31 per gallon.

Thank you for that information!