Available Production definition

Available Production means the quantities of Hydrocarbons produced from the Contract Area, less those quantities utilised for the Petroleum Operations, flared or reinjected.

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Available Production means the quantity of Petroleum which can be efficiently and economically produced and saved from the producing well▇ ▇▇▇ject to any limitations imposed by government authority or other technical limitations resulting from Operations.

Available Production for each Relevant Period, Petroleum produced and saved during such Relevant Period from all ▇▇▇▇▇ situated on, produced from or allocated to the Subject Interests and to which the Grantor is entitled as at the date of this Agreement or such lesser percentage interest share as may be held by the Grantor from time to time after deduction of Petroleum which: (i) may be used in the conduct of operations during such Relevant Period; (ii) is produced from a well pursuant to a non-consent provision in which the Grantor has not elected to participate; or (iii) is required to be delivered during such Relevant Period to the Forward Sale Counterparty pursuant to the Forward Sale Agreement or any other deliveries to persons under the forward sale, prepayment or similar arrangements entered into by the Grantor in accordance with Clause 3.7(a).

Examples of Available Production in a sentence

If AMC fails to give AMT an Agreed Use Notice by the [**] deadline AMC shall owe AMT no fee and AMT shall be free to use Total Available Production Capacity in that Use Year for its own needs.
The CONTRACTOR shall for purposes of Article 16 of the Contract and Title XIII of the Petroleum Regulation, prepare a statement containing calculations of the value of the Available Production during each Quarter.
For clarity, should AMC not exercise its option for a particular Use Year as referred to above AMC shall owe AMT no fee and AMT shall be free to use Total Available Production Capacity in that Use Year for its own needs.
When none of the Parties takes its full share of Available Production as originally determined by Unit Operator for any calendar quarter, the total Available Production for such quarter shall be reduced retroactively to such amount as would allow the party taking the highest percentage of its share to receive credit for having taken 100% of its share.
All other taxes paid by Unit Operator shall be charged to and borne by the Parties in proportion to their respective Beneficial Interests, except that in the case of a well owned by less than all the Parties, such taxes shall be charged to and borne by the Party or Parties owning such well in the same proportions that they share in the Available Production therefrom.
On or before Friday of each Week, Buyer shall provide Seller with written notice (each an “Order Notice”) of the amount of Product that Buyer will purchase during the next succeeding week (which in any event shall not be in excess of the Buyer Percentage Interest multiplied by the difference between (x) of the Available Production Volume for such week and (y) the Plant Power Requirements for such week)).
All Available Production shall be owned by the Parties in proportion to their respective Beneficial Interests.
The settlement will take place at the latest on January 28th of the following year for the previous calendar year, based on the Total Available Production of said year and the related official transfer price.
Contractor’s contribution to the Hydrocarbon Support Fund is calculated on the basis of the Total Available Production equal to the C.F.A. Franc equivalent of US$ 0.05 per Barrel produced.
This is a best effort supply agreement based on the Available Production of Mount Hope Mine with no recourse to short supply except to allow it to be made up in future months, at Buyer’s request, when supply is available.

More Definitions of Available Production

Available Production means the total quantity of Hydrocarbons produced and saved from all fields in the Lease Area, less the quantities used, reinjected or lost in operations with respect to the Lease or taken as Royalty in kind. Capital Expenditures mean all costs and expenses related to Joint Operations, which are qualifying capital expenditures under the provisions of the PPTA or CITA, including without limitation expenditures of a capital nature including, inter alia both tangible and intangible expenditures incurred for the acquisition, constructions, and erection of Joint Property, the drilling and completion of ▇▇▇▇▇, the acquisition and processing (and reprocessing) of seismic and geological and geophysical studies by third parties.

Available Production means the amount of Products available from General Moly’s share of production at the Mount Hope Mine after satisfaction of the Existing Obligations.

Available Production means the monthly average daily volume of gas produced from the leases and lease positions owned, hereafter acquired or controlled by operation, by Shipper or a Shipper affiliate in the geographic area described on Exhibit "C" hereto, excluding lease use gas, line loss, and gas used as gathering fuel. Notwithstanding anything to the contrary in this Agreement, Shipper shall have the full and complete right to determine when and to what extent such leases and lease positions will be developed and gas produced therefrom. In the event Shipper elects to reduce the MDQ under this Agreement pursuant to the provisions of the paragraph above, the PRC amount shall equal the result of the following formula: [16,000 - X] Where X = the new MDQ (in Dth/day) under $6,400,000 x ------------ this Agreement, after reduction by Shipper 16,000

Available Production means the monthly average daily volume of gas produced from leases and lease positions owned, hereafter acquired or controlled by operation, by Shipper or a Shipper affiliate in the geographic area described on Exhibit "C" hereto, excluding lease use gas, line loss and gas used as gathering fuel. "Additional Available Production" means the volume of Available Production up to 32,000 Dth/day (other than the volume of Available Production up to the MDQ under Contract No. 33206000). "Local Consumption" means a volume of Available Production which Shipper delivers from its gathering system for local consumption. Should there exist Local Consumption, the 100% load factor rate for the first volumes transported by Transporter up to a volume equal to such Local Consumption shall be $.3122/Dth. Notwithstanding anything to the contrary in this Agreement, Shipper shall have the full and complete right to determine when and to what extent such leases and lease positions will be developed and gas produced therefrom.

Available Production means all Unitized Substances produced and saved from the Unit Area except so much thereof as is used in the conduct of operations under the Unit Agreement and this agreement and so much thereof as is delivered in kind to owners of Lease Burdens entitled to delivery thereof in kind.