The document outlines the estimation of the gross and net calorific values of natural gas for custody transfer applications, emphasizing the differences between higher heating value (HHV) and lower heating value (LHV). It details how these values are affected by the composition of natural gas and provides calculations based on stoichiometric balances and heat of reaction for various hydrocarbons. Additionally, it includes tables summarizing natural gas composition, standard heat of formation, and heating value calculations.