Liquid Hydrocarbons definition

Liquid Hydrocarbons sometimes herein used to refer to liquefiable hydrocarbons present in the gas stream and sometimes herein used to refer to hydrocarbons in a liquid state after extraction by the Plant from the gas stream, shall in either case mean natural gasoline (iso-pentanes plus heavier hydrocarbons), butanes, propane and ethane.

Liquid Hydrocarbons means any liquid hydrocarbons extracted from CBM.

Liquid Hydrocarbons means any Hydrocarbon produced from the Contract Area which remains in a liquid state under atmospheric pressure and temperature conditions.

Examples of Liquid Hydrocarbons in a sentence

• Volume measurements by temperature compensated meters shall be further corrected for meter factor and pressure in accordance with the API Manual of Petroleum Liquid Hydrocarbons by Pipeline Displacement Meters.

• American National Standards Institute Standard ANSI/ASME B31.4-1998 Edition, "Pipeline Transportation Systems for Liquid Hydrocarbons and Other Liquids", 1998, American National Standards Institute, 11 West 42nd Street, New York, New York 10036.

• As used in this section, "daily production rate" for a well means the 24 hour production rate determined by the most recent well test conducted and reported to the Commission in accordance with §§3.28, 3.52, 3.53, and 3.55 of this title (relating to Potential and Deliverability of Gas Wells to be Ascertained and Reported, Oil Well Allowable Production, Annual Well Tests and Well Status Reports Required, and Reports on Gas Wells Commingling Liquid Hydrocarbons before Metering).

• Volume measurements by temperature compensated meters will be further corrected for meter factor and pressure in accordance with the API Manual of Petroleum Liquid Hydrocarbons by Pipeline Displacement Meters.

• Where measurement is made by meter, a further correction will be made for pressure in accordance with A.P.I. (American Petroleum Institute) Standard 1101 - Measurement of Petroleum Liquid Hydrocarbons by Pipeline Displacement Meters.

More Definitions of Liquid Hydrocarbons

Liquid Hydrocarbons means crude mineral oil obtained from the Field, regardless of gravity, which is in a liquid state at the wellhead or after extraction using separation equipment or which is obtained from Natural Gas in a liquid form as the result of natural condensation.

Liquid Hydrocarbons means oil and any condensate produced and separated on the lease by ambient temperature mechanical equipment. Notwithstanding anything herein to the contrary, if Purchaser receives a bona fide offer from an independent third party to purchase the Liquid Hydrocarbons, which exceeds the price that STUSCO is then currently paying, then Purchaser shall furnish STUSCO with a copy of said offer and STUSCO shall have the option (but not the obligation) to match such offer and purchase all or any percentage of such Liquid Hydrocarbons on terms identical to that contained in the offer. Notice of STUSCO’s election to match said offer and purchase such Liquid Hydrocarbons on terms identical to that contained in the offer shall be provided in writing to Purchaser within five (5) Business Days after receipt of such notice. Should STUSCO, on any one or more occasion, elect not to purchase or not respond within five (5) Business Days after notification by Purchaser, then STUSCO’s right to purchase Liquid Hydrocarbons shall be considered temporarily waived until such third party term purchase has expired or until such time as STUSCO is willing to match the independent third party’s offer, consistent with the cancellation notice period of said offer. STUSCO shall have the right to assign its preferential right to purchase to any of Sellers’ subsidiaries or affiliates. Upon such assignment, such subsidiary or affiliate shall have the same rights as STUSCO under this Section 7.13. Purchaser represents to STUSCO that in connection with this Section 7.13, Purchaser is either (i) an eligible contract participant as defined in Section 1a(18) of the Commodity Exchange Act (“Act”), as further jointly defined or interpreted by the Commodities Futures Trading Commission (“CFTC”) and the Securities Exchange Commission or expanded by the CFTC pursuant to Section 1a(18)(C) of the Act, or (ii) a producer, processor, commercial user of, or a merchant handling the commodity that is the subject of this Section 7.13, or the products or byproducts thereof, and is offering or entering into this commodity option transaction solely for purposes related to its business as such. STUSCO represents to the Purchaser that in connection with this Section 7.13, STUSCO is a producer, processor, or commercial user of or a merchant handling the commodity that is the subject of this Section 7.13 or the products or by-products thereof, and is entering into this Section 7.13 solely for purposes related to it...

Liquid Hydrocarbons means all crude oils, condensates, natural gas liquids, and other hydrocarbons, which are in a liquid state at standard atmospheric pressure and which are subject to and covered by the Contract.

Liquid Hydrocarbons means the liquid hydrocarbons at normal atmospheric conditions which are extracted from Natural Gas at the Processing Plant.

Liquid Hydrocarbons. Means all Hydrocarbons produced in the Contracted Area which, under standard temperature and pressure conditions (sixty degrees Fahrenheit [60ºF] and one [1] atmosphere of absolute pressure), are found in liquid state at the wellhead or at the separator, as well as those distilled and condensed from the gas.

Liquid Hydrocarbons. Includes crude oil and condensates, as well those produced in such state as a result of gas treatment when pertinent, reported at standard conditions.

Liquid Hydrocarbons has the meaning given in the Shenfu PSC. Modification Agreement means the Completion Modification Agreement and the Phase 2 Modification Agreement.