Drip Condensate definition
Examples of Drip Condensate in a sentence
A nomination of Gas by Shipper shall be deemed a warranty of title to such Gas (including any Drip Condensate attributable to such Gas) by Shipper, or a warranty of the good right in Shipper to deliver such Gas for gathering under this Agreement.
Midstream Co shall deliver to Producer, each Month, all Drip Condensate allocated to Producer or for Producer’s account to the extent Producer and Midstream Co have agreed in writing to require such allocation.
Such invoice will include (i) for Gas, the product of (A) the measured volumes of Gas (other than Drip Condensate) in MSCF multiplied by (B) the Gross Heating Value of such Gas and expressed in MMBtus and (ii) for Liquid Condensate and Drip Condensate (if applicable), the measured volumes stated in Barrels, in each case, received and delivered by Gatherer and will be in detail sufficient for Shipper to identify the particular services rendered and the basis for such charges.
Midstream Co shall deliver to Producer, each Month, all Drip Condensate and Recovered Oil allocated to Producer or for Producer’s account to the extent Producer and Midstream Co have agreed in writing to require such allocation.
If at any time the Parties to this Agreement are not also party to another Transaction Document that covers Crude Oil, the Parties shall set forth in the Agreement Addendum or an appropriate amendment to this Agreement the requirements for Measurement Devices pertaining to Drip Condensate; absent such agreement, Midstream Co shall install and maintain liquids measuring equipment at the Delivery Points that is in accordance with applicable API standards.
To the extent required by a writing signed by Producer and Midstream Co, Midstream Co shall allocate, in a manner that is commercially reasonable and determined by Midstream Co in good faith, to a particular Receipt Point, the Flash Gas, Recovered Oil and Drip Condensate from a Facility Segment.
To the extent required by a writing signed by Producer and Midstream Co, Midstream Co shall allocate, in a manner that is commercially reasonable and determined by Midstream Co in good faith, to a particular Receipt Point, the Flash Gas and Drip Condensate from a Facility Segment.
From and after the Closing Date, each Party's Drip Condensate Production will be handled by the gatherer of any applicable gathering agreement.
Gatherer shall own, retain, and have the sole right to the proceeds from any sale of Drip Condensate collected in the System, and Gatherer shall not pay Producer the proceeds from any such sale..
Title to a Party's Drip Condensate Production will remain in such Party until such time as title to such Drip Condensate Production is required to be transferred to the gatherer under the terms of the applicable gathering agreement.