Oil Contracts definition

Oil Contracts. – shall mean transaction instruments having Oil Resources or Oil Revenues as an object.
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Oil Contracts has the meaning set forth in Clause 3.15.
Sample 1
Oil Contracts. – shall mean negotiated instruments having Oil Resources or Oil Revenues as object.
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Examples of Oil Contracts in a sentence

  • Commodity Price Contracts As at June 30, 2018, Pengrowth had the following financial contracts outstanding:Financial Crude Oil Contracts: Swaps Reference pointRemaining termVolume (bbl/d) Price per bbl (U.S.$) WTI Jul.

  • Physical Crude Oil Contracts: Reference pointTermVolume (bbl/d) Price per bbl (Cdn)Edmonton Light SweetQ4 20155,119 Cdn WTI less $7.78 POWER PRICE CONTRACTSAs at September 30, 2015, Pengrowth had fixed the price applicable to future power costs as follows: Financial Power Contracts: Reference pointTermVolume (MW) Price per MWh (Cdn) AESOQ4 201540 $49.53 AESO201620 $44.13 As at close September 30, 2015, the Alberta power pool spot price was $23.64/MWh (September 30, 2014 – $25.05/MWh).

  • Such Letters of Credit shall be issued solely for the purpose of supporting Crude Oil Contracts and other general corporate purposes of Genesis OLP and the Subsidiaries.

  • Commodity Price Contracts As at March 31, 2018, Pengrowth had the following financial contracts outstanding:Financial Crude Oil Contracts: Swaps Reference pointRemaining termVolume (bbl/d) Price per bbl (U.S.$) WTI Apr.

  • The average price for the portfolio of options listed above does not have the same payoff profile as the individual option contracts.Financial Cdn$ WTI Crude Oil Contracts (3) VolumeSold Swap Bought Put Sold Call (3)Settled on the monthly average price (monthly average US$/bbl multiplied by the Bank of Canada monthly average noon day rate).

  • Commodity Price Contracts As at September 30, 2017, Pengrowth had the following financial contracts outstanding:Financial Crude Oil Contracts: Swaps Reference pointRemaining termVolume (bbl/d) Price per bbl (U.S.$) WTI Oct.

  • The Link Crude Oil Contracts are identified on Exhibit "B-1" attached hereto and affect crude oil produced by third parties from certain counties in the Geographic Area.

  • These agreements will settle at the monthly WCS Index less an apportionment protection fee of U.S.$2.00/bbl.Subsequent to September 30, 2019, Pengrowth has entered into the following financial contracts:Financial Crude Oil Contracts: WTI Swaps Reference pointRemaining termVolume (bbl/d) Price per bbl (U.S.$) WTI Nov.

  • Risk management contract premiums have been disclosed as commitments in Note 11.Financial WTI Crude Oil Contracts VolumeBought PutSold Put Sold Call(1)Settled on the monthly average price.(2)Settled on the annual average price.Financial WTI Crude Oil Swap Contracts (3) VolumeSold Swap(3)Settled on the monthly average price.Financial WTI Crude Oil First vs Second Month Calendar Spread Contracts (4) VolumeSpread(4)Settled on the monthly average price.

  • These agreements will settle at the monthly WCS Index less an apportionment protection fee of U.S.$2.00/bbl.Subsequent to June 30, 2019, Pengrowth has entered into the following financial contracts:Financial Crude Oil Contracts: WTI Swaps Reference pointRemaining termVolume (bbl/d) Price per bbl (U.S.$) WTI Jul.


More Definitions of Oil Contracts

Oil Contracts. ’ means, collectively, the Forward Sale Agreement and the Offtake Agreement.
Sample 1

Related to Oil Contracts

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Seller Contracts means all Contracts (i) relating to the Business under which Seller has or may acquire any rights or benefits, (ii) relating to the Business under which Seller has or may become subject to any obligation or Liability or (iii) by which any of the Purchased Assets or Assumed Liabilities is or may become bound.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • IT Contracts means all material agreements or arrangements (whether or not in writing and including those currently being negotiated) under which any third party (including, without limitation, any source code deposit agent) provides or will provide any element of, or services relating to, the IT Systems, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Customer Contracts has the meaning set forth in Section 1.1(b)(ii)(A).

  • IP Contracts means all Contracts pursuant to which a party hereto or any of its Affiliates grants or obtains any rights to use Intellectual Property (other than Contracts in which such Intellectual Property is incidental to such Contracts).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Applicable Contracts has the meaning set forth in Section 2.15(a).

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Relevant Contracts means the contracts for each shipper who is delivering Gas to the Inlet Point on that day.

  • Company Material Contracts has the meaning set forth in Section 3.18(a).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Affiliate Contracts shall have the meaning set forth in Section 4.11(b).

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.