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Lease

Lease and plant fuel:  Natural gas used in well, field, and lease operations (such as gas used in drilling operations, heaters, dehydrators, and field compressors) and as fuel in natural gas processing plants.

Lease condensate:  Light liquid hydrocarbons recovered from lease separators or field facilities at associated and non-associated natural gas wells. Mostly pentanes and heavier hydrocarbons. Normally enters the crude oil stream after production.

Lease equipment:  All equipment located on the lease except the well to the point of the "Christmas tree."

Lease fuel:  Natural gas used in well, field, and lease operations, such as gas used in drilling operations, heaters, dehydrators, and field compressors.

Lease operations:  Any well, lease, or field operations related to the exploration for or production of natural gas prior to delivery for processing or transportation out of the field. Gas used in lease operations includes usage such as for drilling operations, heaters, dehydraters, field compressors, and net used for gas lift.

Lease separation facility:  A facility installed at the surface for the purpose of (a) separating gases from produced crude oil and water at the temperature and pressure conditions set by the separator and/or (b) separating gases from that portion of the produced natural gas stream that liquefies at the temperature and pressure conditions set by the separator.

Lease separator:  A facility installed at the surface for the purpose of separating the full well stream volume into two or three parts at the temperature and pressure conditions set by the separator. For oil wells, these parts include produced crude oil, natural gas, and water. For gas wells, these parts include produced natural gas, lease condensate, and water.

Leasehold reserves:  Natural gas liquid reserves corresponding to the leasehold production defined above.