Net Theoretical Btu of Residue Gas Sample Clauses

Net Theoretical Btu of Residue Gas. A particular Receipt Point’s Adjusted Gas Volume will be multiplied by its Btu content to arrive at the “Gross Theoretical Btu Content” attributable to such Receipt Point. The Gross Theoretical Btu Content attributable to such Receipt Point will then be reduced by deducting therefrom the total Btu contained in the Liquefiable Hydrocarbons allocated to such Receipt Point pursuant to Section 6.2 above. The number of Btu to be so deducted from the Adjusted Gas Volume for such Receipt Point will be determined by converting the gallons of Liquefiable Hydrocarbons so allocated to such Receipt Point to their respective equivalents in Btu by multiplying the individual component gallons allocated to such Receipt Point by the Btu/Gallon Liquid Ratio Factor as set forth in Section 1.5 hereof. The resultant difference in Btu will be considered the “Net Theoretical Btu of Residue Gas” attributable to such Receipt Point.
Sample 1
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