Petroleum Substances Used For Operations Sample Clauses

Petroleum Substances Used For Operations. Petroleum Substances that the Grantor may reasonably consider to be necessary for the Grantor's operations on the Lands for the production, treating, processing and storing of Petroleum Substances shall be exempt from the payment of the Overriding Royalty. Any Overriding Royalty exemption as aforesaid shall be restricted to that portion of production used as fuel for heaters, treaters, compressors, separators, instruments and similar equipment required to produce Petroleum Substances. The Petroleum Substances so used may be deducted from gross monthly production by the Grantor in quantifying the Overriding Royalty payable to the Owner under the preceding subclause. The Grantor shall not be granted any Overriding Royalty exemption from the production of Petroleum Substances used for reservoir injection or pressure maintenance, secondary and heavy oil recovery or upgrading schemes, or fuel and/or feedstock for any gas plant, refinery, satellite or multi-well battery.
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Related to Petroleum Substances Used For Operations

  • Hazardous Substances The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.

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