Gas settlement statement definition

What is a Gas Settlement Statement?

A gas settlement statement is a document used in the oil and gas industry that details the amount of gas delivered to a purchaser. The key information on a gas settlement statement includes the following items:

  • Lease number

  • Producer identification

  • Quantity delivered

  • British thermal unit factor (BTU). The higher the BTU stated, the higher will be the gross dollar amount paid.

  • Lease production taxes

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Oil and Gas Accounting