Basis Differential definition

Basis Differential means, in the case of any Oil and Gas Property, the difference between the NYMEX futures contract prices and the sales prices at the delivery point where the oil or gas, as the case may be, produced by such Oil and Gas Property, is sold.

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Basis Differential means the difference between the so-called Henry Hub spot price for nat▇▇▇▇ ▇▇▇ and the corresponding cash spot price for natural gas in New England.

Basis Differential means the difference between the so-called ▇▇▇▇▇ ▇▇▇ spot price for natural gas and the corresponding cash spot price for natural gas in New England. [PL 2013, c. 369, Pt. B, §1 (NEW).]

Examples of Basis Differential in a sentence

• Should Buyer fail to follow the procedure below to designate the Hedge-Month and or set the [REDACTED] based index pricing for the Cargo Bank Hedge-Month within the allowed time period, Seller, in its sole discretion, can hedge the Cargo in the best way Seller sees fit and using the hedging futures contracts it deems most appropriate, and the actual difference between such hedging contracts and the third party pricing basis shall be used as the Cargo Basis Differential.

• Finally, the Cargo Basis Differential and the applicable Hedge-Month shall be recorded by Seller in the Cargo Table.

• Following delivery of the Actual Refinery Slate by Buyer, Seller shall calculate the price per Barrel for Oil and Feedstock Delivered under this Agreement in such Month (the “Blended Price”), which shall be equal to the sum of the Monthly Quality and Basis Differential plus the Pricing Element.

• Following delivery of the Actual Refinery Slate by Buyer, Seller shall calculate the price per Barrel for Oil Delivered under this Agreement in such Month (the “Blended Price”), which shall be equal to the sum of the Monthly Quality and Basis Differential plus the Pricing Element.

• If the pricing basis for a Cargo negotiated between Seller and a third party supplier is based on [REDACTED] index pricing for the Cargo Bank Hedge-Month, then the Cargo Basis Differential for such Cargo shall be $[REDACTED].

More Definitions of Basis Differential

Basis Differential means, in the case of any Borrowing Base Properties, the difference between the NYMEX futures contract prices and the sales prices at the delivery point where the oil and gas, as the case may be, produced by such Borrowing Base Property is sold.

Basis Differential means, in the case of any Oil and Gas Property, the difference between the NYMEX futures contract prices and the sales prices at the delivery point where the gas or oil, as the case may be, produced by such Oil and Gas Property is sold.

Basis Differential. Revolver A Borrowing Base" or "Revolver A Availability" that would result in an increase of the Borrowing Base or the Revolver A Borrowing Base (or in any definition contained in this Agreement used in connection with the definition of the foregoing terms that would result in an increase in the Borrowing Base or the Revolver A Borrowing Base), in each case, without the written consent of each Lender. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by an Agent, affect the rights or duties of such Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents.

Basis Differential in each case without the written consent of each Lender. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by an Agent, affect the rights or duties of such Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents.

Basis Differential means the difference between the average NYMEX prices for a given period of time as specified in the Schedule preceding the effective date of the Reserve Report and the average price received at the wellhead for the same period preceding the effective date.

Basis Differential that would result in an increase of the Borrowing Base (or in any definition contained in this Agreement used in connection with the definition of the foregoing terms that would result in an increase in the Borrowing Base) in each case, without the written consent of each Lender. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by an Agent, affect the rights or duties of such Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents.

Basis Differential shall be calculated using the twelve month period preceding the effective date of the Reserve Report.