Net Production definition

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

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

• Line 6, Property Value of improvements, is allocated on CAB-M3 Form and Line 11, Annual Net Production Value, is allocated on CAB-M1 Form, Page 2.

• 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.

• From system implementation point of view, the automation systems for hydropower plants can be divided into three layers: Field Net, Production Net, and Business Net.

• The formula for calculating a Cherry Net Production Coverage is found in paragraph 8.1(a).

• In addition, any remaining office in Flight 1 with an increase of more than 15% in Total Production over the previous year will qualify.Flight 2 – the top 20 branches will automatically qualify, provided they have an increase in Total Net Production* over the previous 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 all Barrels of Crude Oil actually produced from the Field over the said period of time, less base sediments and water, saved, measured at the Production Measurement Point, and received by Transporter at the Transfer Point.

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

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 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.

Net Production has the meaning set forth in Section 2.3.