Common use of Residue Gas Allocable to Seller Clause in Contracts

Residue Gas Allocable to Seller. (i) The MMBtus of “Residue Gas allocable to Seller” will be determined by multiplying the MMBtus of “Residue Gas available” from Buyer’s Facilities by a fraction. The numerator will be the “theoretical MMBtus of Residue Gas remaining from Seller’s gas” delivered by Seller, and the denominator will be the total of the theoretical MMBtus of Residue Gas remaining from all gas delivered to Buyer from the common sources connected to Buyer’s Facilities. “

Appears in 2 contracts

Samples: Gas Purchase Contract (Pedevco Corp), Gas Purchase Contract (Pedevco Corp)

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Residue Gas Allocable to Seller. (i) The MMBtus MMBtits of "Residue Gas allocable to Seller” Sellers' will be determined by multiplying the MMBtus of "Residue Gas available" from Buyer’s 's Facilities by a fraction. The numerator will be the "theoretical MMBtus of Residue Gas remaining from Seller’s 's gas" delivered by Seller, and the denominator will be the total of the theoretical MMBtus of Residue Gas remaining from all gas delivered to Buyer from the common sources connected to Buyer’s 's Facilities. "

Appears in 1 contract

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

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Residue Gas Allocable to Seller. (i) The MMBtus of “Residue Gas allocable to Seller” will be determined by multiplying the MMBtus of “Residue Gas availableavailable for sale” from Buyer’s Facilities by a fraction. The numerator will be the “theoretical MMBtus of Residue Gas remaining from Seller’s gas” delivered by Seller, and the denominator will be the total of the theoretical MMBtus of Residue Gas remaining from all gas delivered to Buyer from the common sources connected to Buyer’s Facilities. “4

Appears in 1 contract

Samples: Gas Purchase Contract (Evolution Petroleum Corp)

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