Cost Recovery Petroleum definition

Cost Recovery Petroleum shall have the meaning given to it in Article 11.3.
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Cost Recovery Petroleum means Cost Recovery Crude Oil and Cost Recovery Natural Gas.
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Cost Recovery Petroleum means Petroleum available for Cost Recovery pursuant to Article 11.5.
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Examples of Cost Recovery Petroleum in a sentence

  • Such Petroleum is hereinafter referred to as "Cost Recovery Petroleum".

  • Revenue accounts shall be maintained by CONTRACTOR to the extent necessary for the control of recovery of costs and the treatment of Cost Recovery Petroleum.

  • A settlement shall be required with the rendition of such Statements in case CONTRACTOR has taken more than its own entitlement of such Excess Cost Recovery Petroleum.

  • CONTRACTOR will establish a Cost Recovery Control Account and an off-setting contra account to control therein the amount of cost remaining to be recovered, if any, the amount of cost recovered and the value of Excess Cost Recovery Petroleum, if any.

  • Contractor’s Cost Recovery Petroleum and Profit Petroleum shares shall be determined separately for Petroleum Operations performed in and related to each Development Area.

  • EGPC has the right to take its entitlement of Excess Cost Recovery Petroleum under Article VII (a) (2) of the Agreement in kind during the said quarter.

  • Cost Recovery by Contractor shall be achieved by transferring to the Contractor title at the Delivery Point to quantities of Crude Oil from the Contract Area of equivalent value (as determined pursuant to Article 13.1) to the Petroleum Costs to be recovered by the Contractor in accordance with Article 11.2. ("Cost Recovery Petroleum").

  • Title to and possession of Cost Recovery Petroleum and Contractor’s share of Profit Petroleum attributable to the relevant Development Area under this Agreement shall be transferred to Contractor at the Delivery Point(s).

  • Guy and Brock filed a motion that we take judicial notice of various papers filed in the Acuff and McDaniel appeals for purposes of deciding the jurisdictional issue.

  • Contractor shall keep complete financial accounts and records in the English language on a cash accounting basis recording all Petroleum Costs and all amounts recovered as Cost Recovery Petroleum.


More Definitions of Cost Recovery Petroleum

Cost Recovery Petroleum has the meaning ascribed in Article VII(a)(1) of this Agreement.
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Cost Recovery Petroleum means Production taken by Contractor and applied towards recovery of Petroleum Costs in accordance with Article 11.1.
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Cost Recovery Petroleum means for any calendar quarter the quantity of Net Petroleum production available to the CONTRACTOR for the recovery of Petroleum Costs pursuant to Article 18.2;
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Related to Cost Recovery Petroleum

  • Cost recovery means collection, upon approval by the commission pursuant to its authority under section4909.15 of the Revised Code, of such documented EDU interconnection costs that are incurred at reasonable levels for prudent purposes and that are over and above the review processing fees set forth in rules 4901:1-22-06 to 4901:1-22-08 of the Administrative Code.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Resource recovery means the recovery of material or energy from solid waste.

  • Disaster recovery project means a project located on property

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Resource recovery facility means a solid waste facility

  • Fossil fuel-fired means, with regard to a unit:

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • Nuclear pharmacy means a pharmacy providing radio-pharmaceutical service.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Pollution control project means any activity or project at an existing electric utility steam generating unit for purposes of reducing emissions from such unit. Such activities or projects are limited to:

  • Fossil fuel means natural gas, petroleum, coal, or any form of solid, liquid, or gaseous fuel derived from such material.

  • energy from renewable sources or ‘renewable energy’ means energy from renewable non-fossil sources, namely wind, solar (solar thermal and solar photovoltaic) and geothermal energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas;

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.

  • Disaster Recovery Plan means has the meaning set out in paragraph 1.2.3 of schedule 5 (Disaster Recovery and Business Continuity);

  • Vapor recovery system means a vapor gathering system capable of collecting all hydrocarbon vapors and gases discharged from the storage vessel and a vapor disposal system capable of processing such hydrocarbon vapors and gases so as to prevent their emission to the atmosphere.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Disaster Recovery shall be defined as the installation and storage of Product in ready-to-execute, back-up computer systems prior to disaster or breakdown which is not used for active production or development.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Renewable fuel means a fuel that is derived from Eligible Energy Resources. This term does not include a fossil fuel or a waste product from a fossil fuel source.

  • Disaster Recovery Services means the disaster recovery and/or business continuity services (as the context may require) to be provided by the Supplier pursuant to Schedule 5 (Disaster Recovery and Business Continuity);

  • financial recovery plan means a plan prepared in terms of section 141 of the MFMA

  • Proven Mineral Reserve means that economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Operating Environment means, collectively, the platform, environment and conditions on, in or under which the Software is intended to be installed and operate, as set forth in the Statement of Work, including such structural, functional and other features, conditions and components as hardware, operating software and system architecture and configuration.

  • Resource Substitution Charge means a charge assessed on Capacity Market Buyers in an Incremental Auction to recover the cost of replacement Capacity Resources.

  • Categorical pretreatment standard or "categorical standard" means any regulation containing pollutant discharge limits promulgated by the environmental protection agency in accordance with sections 307(b) and (c) of the Act (33 U.S.C. section 1317) that apply to a specific category of users and that appear in 40 CFR chapter I, subchapter N, parts 405 through 471.