Net Barrel definition

Net Barrel. Means the volume of hydrocarbon, excluding total water and total sediments, calculated at standard conditions (60 ºF and 14.7 lbf / in2, or 15 ºC and 1.01325 bars).
Sample 1Sample 2Sample 3
Net Barrel means the volume of Crude Oil, excluding total water and total sediment, calculated at standard conditions (60°F and 14.7 lbf/in2, or 15°C and 1.01325 bar).
Sample 1

Examples of Net Barrel in a sentence

  • The invoice quantity of the Oil shall be Net Barrel Standard Volume (“NSV”) excluding whichever higher quantity of the (a) free water (if any) and (b) Base Sediment and Water (“BS&W”) as determined at loading port or STS loading location (i.e. shore tank, transfer line, floating hose, and other transferring facilities as reflected in ship figure after loading of the performing vessel) and discharging port (i.e. ship figure before discharge).

  • The prints Net, Barrel, and Broom, all taken from around the barn at Hawkwood, were shown at a photography exhibition ChallengingTextiles as part of the Stroud International Textile Festival in May 09.

Related to Net Barrel

  • Barrel means forty-two (42) United States gallons of 231 cubic inches of sixty degrees Fahrenheit (60ºF) and equilibrium vapor pressure.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • total system means the transmission system and the distribution system of the Board taken together;

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Geothermal fluid means water in any form at temperatures greater than 120

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Net Sales means [***].

  • Gallon means a United States gallon of two hundred thirty-one cubic inches of liquid at 60º Fahrenheit, and at the equivalent vapor pressure of the liquid.

  • Flash point means the lowest temperature of a liquid at which its vapours form a flammable mixture with air;

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Proved Developed Non-Producing Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Non-Producing Reserves.”