Oil and gas definition

Oil and gas means petroleum, natural gas and other related hydrocarbons or minerals or any of them and all other substances produced or extracted in association therewith.

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Oil and gas means oil or gas or both.

Oil and gas means oil and gas subject to severance tax under 1929 PA 48, MCL 205.301 to 205.317.

Examples of Oil and gas in a sentence

• Oil and gas leasehold interests and oil and gas mineral fee interests, including working interests, overriding royalty interests, net profits interests, carried interests, and similar rights and interests.

• A summary of the significant accounting policies consistently applied in the preparation of the accompanying financial statements follows: Oil and gas properties -- The Partnership utilizes the successful efforts method of accounting for its oil and gas properties and equipment.

• Oil and gas prices declined significantly in 1998, which adversely affected the cash distributions that limited partners had been receiving.

• Oil and gas gathering lines which connect directly from the well to the mainline or to or from products extraction or processing plants.

• The following table sets forth selected financial data for the years ended December 31: 1998 1997 1996 1995 1994 ---------- ---------- ---------- ---------- ---------- OPERATING RESULTS: Oil and gas sales..............

More Definitions of Oil and gas

Oil and gas means oil, gas, casinghead gas, gas condensate, and all other liquid or gaseous hydrocarbons and other marketable substances produced therewith, unless an intent to limit the inclusiveness of this term is specifically stated.

Oil and gas means crude oil and natural gas;

Oil and gas means "oil" and "gas" as defined by 2 Section 85.001.

Oil and gas means oil and gas as such in combination one with the other and also means oil, gas, casinghead gas, casinghead gasoline, gas distillate, or other hydrocarbons, or any combination or combinations of these substances, which may be found in or produced from a common source of supply of oil, gas, oil and gas, or gas distillate.

Oil and gas means oil or gas or both. "Oil and gas" refers not only to oil and gas in combination with each other but also generally to oil, gas, casinghead gas, casinghead gasoline, gas-distillate or other hydrocarbons, or any combination or combinations thereof, which may be found in or produced from a common source or supply of oil, oil and gas, or gas-distillate.

Oil and gas means oil, gas, casinghead gas, condensate, and hydrocarbons or any one or more of them.

Oil and gas means oil or gas or both. The use of the plural includes the singular, and the use of the singular includes the plural.