Common use of Determination of PTR Clause in Contracts

Determination of PTR. The PTR shall be the sum of the Plant fuel and shrinkage as determined below: (i) The quantity of the KMTP Gas, stated in MMBtu's, that is consumed as Plant fuel, flare and vent in the processing of the KMTP Gas during a given Month shall be determined by multiplying the total quantity of MMBtu's consumed as Plant Fuel, flare and vent in Plant operations during such Month by a fraction, the numerator of which is the total quantity of KMTP Gas in MMBtu and the denominator of which is the total quantity in MMBtu of Gas from all sources delivered to the Plant for processing; and (ii) Shrinkage shall be calculated each Month by multiplying the number of gallons of each component recovered and allocated to the KMTP Gas by the Btu equivalent of each such component as set forth in the GPA Technical Standards Publication No. 2145-96, as revised from time to time and as adjusted to sixty degrees Fahrenheit (60°) and 14.73 psia pressure base; the aggregate Btu's of all such components shall constitute the shrinkage hereunder.

Appears in 3 contracts

Samples: Gas Processing Contract (Copano Energy, L.L.C.), Gas Processing Contract (Copano Energy, L.L.C.), Gas Processing Contract (Copano Energy, L.L.C.)

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Determination of PTR. The PTR shall be the sum of the Plant fuel and shrinkage as determined below: (i) The quantity of the KMTP Gas, stated in MMBtu's’s, that is consumed as Plant fuel, flare and vent in the processing of the KMTP Gas during a given Month shall be determined by multiplying the total quantity of MMBtu's ’s consumed as Plant Fuel, flare and vent in Plant operations during such Month by a fraction, the numerator of which is the total quantity of KMTP Gas in MMBtu and the denominator of which is the total quantity in MMBtu of Gas from all sources delivered to the Plant for processing; and (ii) Shrinkage shall be calculated each Month by multiplying the number of gallons of each component recovered and allocated to the KMTP Gas by the Btu equivalent of each such component as set forth in the GPA Technical Standards Publication No. 2145-96, as revised from time to time and as adjusted to sixty degrees Fahrenheit (60°) and 14.73 psia pressure base; the aggregate Btu's ’s of all such components shall constitute the shrinkage hereunder.

Appears in 1 contract

Samples: Gas Processing Contract (Copano Energy, L.L.C.)

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Determination of PTR. The PTR shall be the sum of the Plant fuel Fuel, Flare and shrinkage Losses and the Hydrocarbon Shrinkage as determined below: (i) The quantity of the KMTP Gas, stated in MMBtu's’s, that is consumed as Plant fuel, flare and vent in the processing Processing of the KMTP Gas during a given Month shall be determined by multiplying the total quantity of MMBtu's ’s consumed as Plant Fuel, flare Flare and vent Losses in the Plant operations during such Month by a fraction, the numerator of which is the total quantity of KMTP MMBtu allocated to Gas in MMBtu and the denominator of which is the total quantity in MMBtu of Gas from all sources of supply delivered to the Plant for processingProcessing; and (ii) Hydrocarbon Shrinkage shall be calculated each Month by multiplying the number of gallons of each component recovered and allocated to the KMTP Gas by the Btu equivalent of each such component as set forth in the GPA Technical Standards Publication No. 2145-9609, as revised from time to time and as adjusted to sixty degrees Fahrenheit (60°) and 14.73 psia pressure base; the aggregate Btu's ’s of all such components shall constitute the shrinkage Hydrocarbon Shrinkage hereunder.

Appears in 1 contract

Samples: Gas Processing Contract (Copano Energy, L.L.C.)

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