Common use of Measurement Standards Clause in Contracts

Measurement Standards. The measuring station or stations provided for hereunder shall be so equipped with meters, recording gauges, or other types of meter or meters of standard make and design used in the industry and according to applicable AGA or API standards, so as to accomplish the measurement of Gas delivered and redelivered hereunder. Gas measured hereunder will have its volume, mass, gravity, composition or energy content determined and computed in accordance with applicable AGA standards in effect at the date of installation of the measurement equipment and shall comply with applicable state and federal regulation. At BUYER’s option, BUYER may update the measurement equipment and/or the determination of volume, mass, gravity, composition or energy content in accordance with subsequent revisions, supplements, and appendices to said AGA standards.

Appears in 3 contracts

Samples: Gas Purchase Agreement (Cano Petroleum, Inc), Gas Purchase Agreement (Eagle Rock Energy Partners, L.P.), Gas Purchase Agreement (Eagle Rock Energy Partners, L.P.)

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Measurement Standards. The measuring station or stations provided for hereunder shall be so equipped with meters, recording gauges, or other types of meter or meters of standard make and design used in the industry and according to applicable AGA or API standardsstandards when installed, so as to accomplish the measurement of Gas delivered and redelivered hereunder. Gas measured hereunder will have its volume, mass, gravity, composition or energy content determined and computed in accordance with applicable AGA standards in effect at the date of installation of the measurement equipment and shall comply with applicable state and federal regulation. At BUYER’s option, BUYER may update the measurement equipment and/or the determination of volume, mass, gravity, composition or energy content in accordance with subsequent revisions, supplements, and appendices to said AGA standards.

Appears in 1 contract

Samples: Gas Purchase Agreement (Cano Petroleum, Inc)

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