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Natural gas liquids (NGL) are found in natural gas, often in association with crude oil production. NGL is a reservoir portion of natural gas that is stripped out as a liquid at the surface by special processing facilities. NGL typically contains 35 percent ethane, 30 percent propane, 17 percent natural gasoline, 12 percent butane, and 6 percent isobutane. NGL should not be confused with natural gas, which is composed primarily of methane. NGL is denser than natural gas and becomes combustible at different concentrations than methane, according to the American Gas Association.

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December 12, 2006
Natural Gas

Merger and acquisition activity in the oil and gas industry will continue to be robust, despite recent low commodity prices, Standard & Poor's Rating Services said Friday.

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