What is NGL Energy?

What is NGL Energy?

Source: U.S. Energy Information Administration, Bentek Energy LLC. Natural gas liquids (NGLs) are hydrocarbons—in the same family of molecules as natural gas and crude oil, composed exclusively of carbon and hydrogen. Ethane, propane, butane, isobutane, and pentane are all NGLs (see table above).

What does NGL company do?

NGL Energy Partners LP is a diversified midstream MLP that provides multiple services to producers and end-users, including transportation, storage, blending and marketing of crude oil, NGLs, refined products / renewables, and water solutions.

What is NGL plant?

A Natural Gas Liquids (NGL) plant consists of a series of fractionators whose purpose is to separate a mixture of light hydrocarbons into various pure products. The NGL Plant typically consists of a demethanizer, a deethanizer, a depropanizer, a debutanizer, and a butane splitter.

Is NGL Energy a good stock to buy?

NGL Energy Partners LP – Buy Valuation metrics show that NGL Energy Partners LP may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of NGL, demonstrate its potential to outperform the market. It currently has a Growth Score of B.

How many employees does NGL Energy Partners have?

Formed in 2010, NGL Energy Partners LP has operations across the United States. Our diverse and talented workforce of approximately 1,300 employees is the key to our success.

Who bought TransMontaigne?

On September 1, 2006, it became a wholly owned subsidiary of Morgan Stanley, and subsequently delisted from the New York Stock Exchange. In 2014, Morgan Stanley sold TransMontaigne to NGL Energy.

Is NGL same as LPG?

LPG is isolated from the hydrocarbon mixtures by its separation from natural gas or by the refining of crude oil. Natural gas liquids (NGL) range from 1% to 10% of the natural gas flow. Similarly, LPG produced from crude oil refining constitutes between 1% and 4% of the crude oil processed.

What is the difference between NGL and condensate?

NGLs are naturally occurring hydrocarbons that are lighter in molecular composition than crude oil or natural gas. Condensates form when their vapor pressure is lowered to the point that the natural gas liquids condense out of the gas stream into a liquid that can be stored at room temperature.

What is liquid ethane?

ethane, a colourless, odourless, gaseous hydrocarbon (compound of hydrogen and carbon), belonging to the paraffin series; its chemical formula is C2H6. Unlike propane, liquid ethane is not in common use as an industrial or domestic fuel.

Should I sell NGL stock?

The consensus among Wall Street research analysts is that investors should “hold” NGL Energy Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGL, but not buy additional shares or sell existing shares.

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