Pricing of Gas from Oil Xxxxx. (a) Except for field and repressurization use, any and all natural gas produced by Wexpro from Wexpro II oil properties will be priced at cost-of-service (see Exhibit A) and sold by Wexpro to the Company, subject to such federal law and regulations as may be applicable to such a sale. In the event that the average monthly cost-of-service for all natural gas sold under this paragraph is in excess of average monthly market price for that natural gas, the difference between the average cost of service and the average market price will be treated as an expense of Wexpro for the purposes of the “54-46 formula,” and such difference will not be included in the cost-of-service calculation.
Appears in 3 contracts
Samples: Wexpro Ii Agreement, Wexpro Ii Agreement, Wexpro Ii Agreement (Questar Pipeline Co)
Pricing of Gas from Oil Xxxxx. (a) Except for field and repressurization use, any and all natural gas produced by Wexpro from prior Wexpro II xxxxx or productive oil properties reservoirs will be priced at cost-of-service (see Exhibit A) and sold by Wexpro to the Company, subject to such federal law laws and regulations as may be applicable to such a sale. In the event that the average monthly cost-of-service for all natural gas sold under this paragraph is in excess of average monthly market price for that natural gas, the difference between the average cost of service and the average market price will be treated as an expense of Wexpro for the purposes of the “"54-46 formula,” " and such difference will not be included in the cost-of-service calculation.
Appears in 2 contracts
Samples: pscdocs.utah.gov, Stipulation and Agreement (Questar Pipeline Co)
Pricing of Gas from Oil Xxxxx. (a) Except for field and repressurization use, any and all natural gas produced by Wexpro from prior Wexpro II xxxxx or productive oil properties reservoirs will be priced at cost-of-service (see Exhibit A) and sold by Wexpro to the Company, subject to such federal law laws and regulations as may be applicable to such a sale. In the event that the average monthly cost-of-service for all natural gas sold under this paragraph is in excess of average monthly market price for that natural gas, the difference between the average cost of service and the average market price will be treated as an expense of Wexpro for the purposes of the “"54-46 formula,” " and such difference will not be included in the cost-of-service calculation.calculation.
Appears in 1 contract
Samples: Agreement
