Gross Production definition

Gross Production means all gas and fluids brought from underground up to and through the well head, and includes: (i) all hydrocarbons produced in liquid form as oil or condensate at the well head and also all condensate, distillate, and any other liquid hydrocarbons recovered from oil, condensate, or gas run through a separator or other equipment; (ii) all hydrocarbons and gaseous substances not in liquid form produced from any well; and (iii) natural gasoline or liquid hydrocarbons, carbon dioxide, carbon black, sulfur or any other products produced or manufactured from any gas or liquid. The gross production volumes of oil, condensate, and gas includes all sales, custody transfer dispositions, and/or stored volumes and all non-sales disposition volumes, including but not limited to, lease use, fuel, vent, flare, spills, uncontrolled releases, theft, and any other loss. The gross production of gaseous hydrocarbons shall be adjusted and reported in MMBTUs.

Gross Production means the total amount of Petroleum produced and saved from a Development and Production Area during Production Operations which is not used by Licensee in Petroleum Operations;

Gross Production means total crude oil production, including all crude oil consumed in the production process.

Examples of Gross Production in a sentence

• During the Production Phase, the Contracted Party shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of [insert number in words] percent ([insert number] %) of the Gross Production Value of the Production Sharing Agreement.

• The threshold of Gross Production for each Plan Year under this Section shall be established in writing by the Committee in its sole discretion before the time the Participant first has a legally binding right to the compensation, as defined in IRS regulations under section 409A of the Code.

• The Contracted Party may use these funds until June 30 of the year following the year of calculation of the Gross Production Value of the Production Sharing Agreement.

• For Participants compensated primarily on a commission basis, eligibility to make such Deferrals may be based on whether a Participant has achieved a threshold of Gross Production for the fiscal year ending on the November 30th immediately preceding the Plan Year for which the eligibility determination is being made.

• All KC-46 aircraft are certified to meet the CAT II/III criteria.

More Definitions of Gross Production

Gross Production means the gross commission and fee revenue (other than investment banking fees and order fees, both of which are excluded from the calculation of Gross Production) that is received by the Company from sales of products and services by a Financial Advisor. If production is split between one or more Financial Advisors, each Financial Advisor's "Gross Production" will be based on his or her own cumulative production level.

Gross Production means all Produced Substances brought from underground up to and through the well head, and includes, but is not limited to, (i) all Hydrocarbons produced in liquid form as oil or condensate at the wellhead and also all condensate, distillate, and any other liquid Hydrocarbons recovered from Oil, condensate or gas run through a separator or other equipment; (ii) all Hydrocarbons and gaseous substances not in liquid form produced from any well; and, (iii) natural gas or liquid Hydrocarbons, carbon dioxide, carbon black, sulfur, or any other products produced or manufactured from any gas or liquid. The Gross Production volumes of oil, condensate, and gas includes all sales, custody transfer dispositions and/or stored volumes and all non-sales disposition volumes, including but not limited to, lease use, fuel, vent, flare, spills, uncontrolled releases, theft, and any other loss. Gross Production volumes of gaseous Hydrocarbons must be adjusted and reported in MMBTUs.

Gross Production means the gross commissions produced by a Participant.

Gross Production means all Crude Oil produced and saved from the Contract Area during the Development and Production Period of each Commercial Field, and delivered to the Delivery Point, excluding water, sediments and any Petroleum used in Petroleum Operations.

Gross Production means the amount of production harvested by the licensed processor prior to dockage and reported to AFSC.

Gross Production means the total amount of Crude Oil and/or Natural Gas produced from the Operating Area.

Gross Production means the number of Software Units commercially duplicated and marketed by the XIAM, which utilize software developed by Strokes.