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Title: Elements Of Natural Gas Liquids Contracts
Author: Jenifer L. Lucas
Source: 1983 International School of Hydrocarbon Measurement
Year Published: 1983
Abstract: As most people in the energy industry are aware, natural gas liquids were originally thought of as mere nuisances. They were elements which had to be removed from natural gas after it left the well so that the natural gas would then be marketable. Over a half century later, the natural gas liquids industry is big business. Natural gas liquids contracts have the same basic elements as any contract, and they have certain elements similar to pure gas purchase contracts. Yet, the liquids industry is unique, and thus the contracts used in this business have some unique provisions. The scope of this paper will be limited to gas processing agreements and exchange agreements.

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