Common use of Allocation of PLA Clause in Contracts

Allocation of PLA. PLA shall be allocated to Shipper based on its pro rata share of such PLA, with such allocation calculated based on the total volume of Crude Oil in Barrels received from or on account of Shipper at the Receipt Points divided by the total volume of Crude Oil in Barrels received from all shippers’ receipt points on the Gathering System [omitted]. Gatherer trucked volumes from a Receipt Point shall be considered Receipt Point volumes and any losses that occur while the Crude Oil is on the truck shall be included in the above PLA calculation. Shipper or third party trucked volumes delivered to the truck offloading facilities at the Central Tankage Facility shall be considered a Receipt Point at such truck offloading facilities with the upstream losses incurred on the truck not included in the above PLA calculation.

Appears in 2 contracts

Samples: Crude Oil Gathering and Storage Agreement (Oasis Midstream Partners LP), Crude Oil Gathering and Storage Agreement (Oasis Midstream Partners LP)

AutoNDA by SimpleDocs

Allocation of PLA. PLA shall be allocated to Shipper based on its pro rata share of such PLA, with such allocation calculated based on the total volume of Crude Oil in Barrels received from or on account of Shipper at the Receipt Points divided by the total volume of Crude Oil in Barrels received from all shippers’ receipt points on the Gathering System [omitted]System. Gatherer trucked volumes from a Receipt Point shall be considered Receipt Point volumes and any losses that occur while the Crude Oil is on the truck shall be included in the above PLA calculation. Shipper or third party trucked volumes delivered to the truck offloading facilities at the Central Tankage Processing Facility shall be considered a Receipt Point at such truck offloading facilities with the upstream losses incurred on the truck not included in the above PLA calculation.

Appears in 2 contracts

Samples: Crude Oil Gathering, Stabilization, Blending and Storage Agreement (Oasis Midstream Partners LP), Crude Oil Gathering, Stabilization, Blending and Storage Agreement (Oasis Midstream Partners LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!