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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

If the request for a retest is made by Plant Supplier and the Liquid Hydrocarbons content of the previous test is confirmed within ten percent (10%), the expense of the retest shall be borne by Plant Supplier.
Shipper shall ensure that pumps have sufficient capacity and are operated in a manner sufficient to cause the Liquid Hydrocarbons received into the Gathering System to be redelivered into the tanks located at the Liquid Hydrocarbons Delivery Points.
Any Liquid Hydrocarbons recovered by the Plant inlet scrubber for which the preferred disposition is at the Plant rather than being combined with the Raw Make, shall be allocated to the Field Delivery Points in the same proportions as natural gasoline Product is allocated.
Any facility or equipment used to measure the volume of Gas or Liquid Hydrocarbons, which may include meter tubes, LACT units, isolation valves, tank strappings, recording devices, communication equipment, buildings and barriers.
Shipper owns Oil and Gas Interests and intends to produce Gas and/or Liquid Hydrocarbons from ▇▇▇▇▇ in the Initial Dedication Area and may from time to time own Oil and Gas Interests and may produce Gas and Liquid Hydrocarbons from ▇▇▇▇▇ in other areas.

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

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

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 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...