NGLs Sample Clauses
The 'NGLs' clause defines and governs the treatment of natural gas liquids (NGLs) within a contract. It typically specifies what substances are considered NGLs, such as ethane, propane, butane, and natural gasoline, and outlines how these products are to be measured, allocated, and valued when separated from natural gas streams. This clause ensures that both parties have a clear understanding of the handling, ownership, and financial arrangements related to NGLs, thereby preventing disputes and ensuring fair compensation for extracted liquids.
POPULAR SAMPLE Copied 2 times
NGLs. Natural gas liquids extracted and recovered from Gas after processing in the Processing Plant and any Condensate or Inferior Liquids recovered from Gas in the Gathering System or the Processing Plant prior to or during processing.
NGLs. The Redelivery Point(s) under this Agreement shall be at the tailgate of the Facilities at the point of interconnection with Turkey Creek Pipeline, LLC’s NGL pipeline.
NGLs. Agent shall purchase Company's NGLs (if present).
NGLs. The Redelivery Point(s) under this Agreement shall be at the tailgate of the Facilities at the point of interconnection with Turkey Creek Pipeline, LLC’s NGL pipeline. SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).