MEASUREMENT AND TESTS. All measurements hereunder shall be made from static tank gauges on 100 percent tank table basis or by positive displacement meters. All measurements and tests shall be made in accordance with the latest ASTM or ASME-API (Petroleum PD Meter Code) published methods then in effect, whichever apply. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of Table 6A and 5A of the Petroleum Measurement Tables ASTM Designation D1250 in their latest revision. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not to exceed 1% S&W. Full deduction for all free water and S&W content shall be made according to the API/ASTM Standard Method then in effect. Either party shall have the right to have a representative witness all gauges, tests and measurements. In the absence of the other party’s representative, such gauges, tests and measurements shall be deemed to be correct.
Appears in 7 contracts
Samples: Crude Oil Purchase Agreement, Crude Oil Purchase and Sale Agreement, Crude Oil Purchase and Sale Agreement (Centennial Resource Development, Inc.)
MEASUREMENT AND TESTS. All measurements hereunder shall be made from static tank gauges on 100 percent tank table basis or by positive displacement meters. All measurements and tests shall be made in accordance with the latest ASTM or ASME-API (Petroleum PD Meter Code) published methods then in effect, whichever apply. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of Table 6A and 5A of the Petroleum Measurement Tables ASTM Designation D1250 in their latest revision. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not to exceed 1% S&W. Full deduction for all free water and S&W content shall be made according to the API/ASTM Standard Method then in effect. Either party shall have the right to have a representative witness all gauges, tests and measurements. In the absence of the other party’s 's representative, such gauges, tests and measurements shall be deemed to be correct.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Centennial Resource Development, Inc.), Purchase Contract (Lilis Energy, Inc.), Crude Oil Purchase Agreement (Berry Petroleum Co)
MEASUREMENT AND TESTS. All measurements hereunder shall be made from static tank gauges on 100 percent tank table basis or by positive displacement meters. meters All measurements and tests shall be made in accordance with the latest ASTM or ASME-API (Petroleum PD Meter Code) published methods then in effect, whichever apply. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of Table 6A and 5A of the Petroleum Measurement Tables ASTM Designation D1250 in their latest revision. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or of segregated stream of the carriers involved but not to exceed 1% S&W. Full deduction for all free water and S&W content shall be made according to the API/ASTM Standard Method then in effect. Either party shall have the right to have a representative witness all gauges, gauges tests and measurements. In the absence of the other party’s 's representative, such gauges, tests and measurements shall be deemed to be correct.
Appears in 2 contracts
Samples: Physical Transaction Confirmation (Petroleum Development Corp), Physical Transaction Confirmation (Rockies Region 2006 Limited Partnership)
MEASUREMENT AND TESTS. All measurements hereunder shall be made from static tank gauges on 100 percent tank table basis or by positive displacement meters. All measurements and tests shall be made in accordance with the latest ASTM or ASME-API (Petroleum PD Meter Code) published methods then in effect, effect whichever apply. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of Table 6A and 5A of the Petroleum petroleum Measurement Tables ASTM Designation D1250 in their latest revision. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not to exceed 1% S&W. Full deduction for all free water and S&W content shall be made according to the API/ASTM Standard Method then in effect. Either party shall have the right to have a representative witness all gauges, tests and measurements. In the absence of the other party’s representative, such gauges, tests and measurements shall be deemed to be correct.
Appears in 2 contracts
Samples: Domestic Crude Oil Agreement (Rockies Region 2007 Lp), Partnership Agreement (Rockies Region 2007 Lp)
MEASUREMENT AND TESTS. All measurements hereunder shall that be made from static tank gauges on 100 percent tank table basis or by positive displacement meters. All measurements and tests teats shall be made in accordance with the latest ASTM AVM or ASME-API (Petroleum PD PO Meter Code) published methods then in effect, whichever apply. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of Table 6A and 5A of the Petroleum Measurement Tables ASTM Designation D1250 in their latest revision. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not to exceed 1% S&W. Full deduction for all free water and S&W content shall be made according to the API/ASTM Standard Method then in effect. Either party shall have the right to have a representative witness all gauges, tests and measurements. In the absence of the other party’s representative, such gauges, tests and measurements shall be deemed to be correct.
Appears in 1 contract
Samples: Crude Oil Purchase Agreement (Calumet Specialty Products Partners, L.P.)