Examples of Crude Bitumen in a sentence
As with Directive 017 the main focus of this review will be on Conservation at Crude Bitumen Batteries and Conventional Heavy Oil Batteries which are currently venting solution gas mainly composed of methane.
This provision shall not apply to Oil or Gas that is consumed in storage banks, flooding and similar recovery operations, steaming operations or the production or processing of heavy oil or Crude Bitumen.
A Royalty Owner may, upon reasonable notice to Township and at the Royalty Owners' own expense, audit the books, records and accounts of Township with respect to the production of Crude Bitumen attributable to the Royalty Lands for any calendar year within the twenty-four (24) month period next following the end of such calendar year.
The Royalty will be CDN$0.03, payable to each Royalty Owner and calculated on each barrel of Crude Bitumen produced, saved and sold from the Royalty Lands, and governed by the Royalty Procedure, or $450,000 per parcel per year which ever is greater.
Solution gas flaring/venting decision tree (adapted from CASA) 2.4 Conservation at Crude Bitumen BatteriesFor the purpose of Directive 060, crude bitumen battery is defined in appendix 2.
For the purposes of this Agreement, a barrel of Crude Bitumen means an amount of Crude Bitumen that would equal 0.159 cubic metres if such Crude Bitumen measured in the state at which it exists in the geological formation prior to the commencement of any recovery or conversion processes.
Each Party shall submit to such arbitrator their proposal respecting the method of measuring and calculating the volume of production and the arbitrator shall choose one of the proposals which shall be the method of measuring and calculating the volume of Crude Bitumen produced for the purposes of the calculation of the Royalty .
Prior to commencing the construction of a project for the production of Crude Bitumen from a parcel of Acquired Lands, Township shall cause an independent engineering study to be conducted and a report generated.
The basis for the study was the 2004 CERI Study No. 108, Oil Sands Supply Outlook, Potential Supply and Costs of Crude Bitumen and Synthetic Crude Oil in Canada, 2003-2017.
North West stated that its approach was consistent with EUB Directive 023: Guidelines Respecting an Application for a Commercial Crude Bitumen Recovery and Upgrading Project and the EIA TOR.