Net Production definition

Net Production means production we own less royalties and production due others.

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Net Production means production that is owned by the Company less royalties and production due others.

Net Production means production that is owned by the Company less royalties and production due others. "Non-Operated" or "Outside Operated" means wells that are operated by a third party.

Examples of Net Production in a sentence

• The volumes of the different qualities of Export Oil to be lifted by the Buyer in a Lifting Quarter shall be in the same proportion as the different qualities of Net Production from the Field during the Quarter, or as otherwise agreed between the Seller and the Buyer.

• The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues to the receipt by Participants of cash distributions from the Partnership equal to $1,000 per Unit (which is 10% per Unit) regardless of their actual subscription price of the Units, in each of the first five 12-month periods beginning with the Partnership's first cash distributions from operations.

• The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues to the receipt by Participants of cash distributions from the Partnership equal to $1,000 per Unit (which is 10% of $10,000 per Unit) regardless of the actual subscription price they paid for their Units, in each of the Partnership’s first five 12-month periods of operations as set forth below.

• Over 120% of the Annual Referenced Net Production of the Facility shall be deemed to be 120%.

• The amount to be invoiced every month by the Operator will be the result of dividing the First Layer Price, when EP is equal to the Annual Referenced Net Production, by twelve (12) parts based on the Net production expected for the year.

More Definitions of Net Production

Net Production means, for any Quarter or part of a Quarter, the sum of Net Crude Oil Production, Net NGL Productionand Net Dry Gas Production, all expressed in BOE.

Net Production over a certain period of time, means the Barrels of Crude Oil produced from the Contract Area, and from a reservoir specified as a discovered reservoir in Annex D, saved and not used for Petroleum Operations, treated to certain specifications as per approved Plans, or their Revisions, measured and received by Transporter at the Transfer Point(s).

Net Production means production we own less royalties and production due others. “NGL” refers to natural gas liquids, which is composed exclusively of carbon and hydrogen. “Oil” means crude oil or condensate.

Net Production means production that is owned by us less royalties and production due others.

Net Production means the amount of production harvested by the licensed processor after deductingdockage and reported to AFSC.

Net Production means production and capture of Raw Production at the surface of any Mine, Well or other E&P Operation, subject to (and as may be reduced by) any part or portion thereof required for the payment of any applicable severance, production, sales, value added and other taxes imposed based on the value thereof and in the payment of any Royalty payable thereon or attributable thereto.

Net Production the total production of Liquid Hydrocarbons less all water and sediments produced and all quantities of Hydrocarbons re-injected into the deposit, used or lost during the Petroleum Works.