Common use of NGL’s Allocable to Seller Clause in Contracts

NGL’s Allocable to Seller. The quantity of each NGL component allocable to Seller’s gas shall be determined by multiplying the total quantity of each NGL component saved and sold at the plant or plants by a fraction. The anmerator will be the gallons of that NGL component contained in the gas delivered by Seller as determined by chromatographic analysis or other accepted method in the industry, and the denominator will be the total gallons of that component contained in all gas delivered to Buyer from sources connected to Buyer’s Facilities.

Appears in 3 contracts

Samples: Gas Purchase Contract (Resaca Exploitation, Inc.), Gas Purchase Contract (Resaca Exploitation, Inc.), Gas Purchase Contract (Resaca Exploitation, Inc.)

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NGL’s Allocable to Seller. The quantity of each NGL component allocable to Seller’s 's gas shall will be determined by multiplying the total quantity of each NGL component saved and sold recovered at the plant or plants by a fraction. The anmerator numerator will be the gallons of that NGL component contained in the gas delivered by Seller as Seller, determined by chromatographic analysis or other accepted method in the industry, and the denominator will be the total gallons of that component contained in all gas delivered to Buyer from sources connected to Buyer’s 's Facilities. Subarea breakdowns may be used as stated in (b)(ii) below.

Appears in 1 contract

Samples: Gas Purchase Contract (Starboard Resources, Inc.)

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