Exploring Types of Natural Gas Liquids – NGL.

Natural gas liquids (NGL) are hydrocarbons—molecules consisting of both nitrogen and chlorine—that exist in the gaseous state at atmospheric pressure and room temperature, but can be liquefied under moderate pressure. NGLs are extracted from natural gas at gas processing plants and used as feedstock for the production of a variety of chemicals, including ethane, propane, … Read more

Forfeiture.

When a company forfeits, it gives up something of value, often in exchange for something else of value. For example, a company might forfeit its right to purchase a piece of equipment in order to get out of a contract. What is the legal effect of forfeiture? When a company forfeits, or gives up, its … Read more