Liquid Hydrocarbons Clause Samples
The 'Liquid Hydrocarbons' clause defines what substances are considered liquid hydrocarbons under the agreement, typically including crude oil, condensate, and other liquid petroleum products. It clarifies the physical state and characteristics that qualify a substance as a liquid hydrocarbon, often specifying measurement standards or quality parameters. This clause ensures that all parties have a shared understanding of which products are covered by the contract, thereby preventing disputes over classification and ensuring accurate accounting and allocation of resources.
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Liquid Hydrocarbons. Oil, Condensate, natural gasoline and all the liquid hydrocarbon production from ▇▇▇▇▇, or a blend of such, in its natural form, not having been processed, other than for removal of water at the wellhead.
Liquid Hydrocarbons. Oil, condensate, natural gasoline and all the liquid hydrocarbon production from ▇▇▇▇▇, or a blend of such. Maintenance. As defined in Section 8.2.
Liquid Hydrocarbons. During exploitation of the Contract Area, and before distributing production among the Parties, Operator shall give ECOPETROL royalties corresponding to twenty percent (20%) of the certified production of liquid hydrocarbons coming from said area. ECOPETROL, for its own risk and account, shall take the royalty production in kind from the tanks belonging to the Joint Account.
Liquid Hydrocarbons. Crude oil and condensates, as well as those produced in such state as a result of treating the gas, as necessary, reported at standard conditions.
Liquid Hydrocarbons. These are all hydrocarbons produced in the Contracted Area, which at standard conditions (sixty degrees ▇▇▇▇▇▇▇▇▇▇ (▇▇° F) temperature, and one (1) standard atmosphere absolute pressure), are in liquid state at the head of the well or at the separator, as well as the distillates and condensates extracted from the gas.
Liquid Hydrocarbons. It is the Oil, Condensates and generally all those Hydrocarbons that under atmospheric conditions of temperature and pressure, remain in a Liquid state at the site of their measurement, including those Hydrocarbons that are in a Liquid state at a temperature higher than the atmospheric temperature.
Liquid Hydrocarbons. Oil, condensate, and generally, all hydrocarbons, which at atmosphere temperature and pressure conditions, are found in liquid state at the measurement site, including hydrocarbons found in liquid state at a temperature above atmospheric temperature.
Liquid Hydrocarbons. All Hydrocarbons produced in the Contract Area which at standard conditions of temperature and pressure (60°F and one atmosphere at absolute pressure) are in a Liquid state at the wellhead or in the separator, and distilled and condensed substances extracted from gas.
Liquid Hydrocarbons. (a) All oil and other liquid hydrocarbons separated from gas before its receipt by APA at the Receipt Points is the property of Shipper.
(b) Any liquid hydrocarbons which, during normal transportation operations of the relevant Pipeline in accordance with Good Engineering and Operating Practice, separate or condense from the gas stream after the receipt of the gas and before its delivery by APA, may be recovered and retained by APA as its own property. However, this paragraph (b) does not authorise or permit the extraction by APA of any liquid or liquefiable hydrocarbons through the construction and operation of processing facilities for those materials.
(c) Any liquid or liquefiable hydrocarbons other than those referred to in paragraph (b) will remain the property of Shipper.
(d) If either Shipper or APA has a proposal for the extraction of liquefiable hydrocarbons from the gas stream through the construction and operation of processing facilities for those materials, then the Party advancing the proposal must consult with the other Party regarding the evaluation of the proposal and the ownership, construction and operation of those facilities.
Liquid Hydrocarbons. Oil, condensate, natural gasoline and all the liquid hydrocarbon production from ▇▇▇▇▇, or a blend of such.