Profit Crude Oil definition

Profit Crude Oil has the meaning given in paragraph 9.1(c);
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Profit Crude Oil means the quantities of Available Crude Oil and Available Associated Natural Gas produced from the Production Area, after the recovery of Petroleum Costs, in accordance with Articles 1 and 25; and
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Examples of Profit Crude Oil in a sentence

  • Input the persons last name then tab to the FIRST NAME field and input the person’s first name.

  • The remaining Available Petroleum including any portion of Cost Recovery Crude Oil or Cost Recovery Natural Gas not required to cover costs hereinafter referred to as "Profit Crude Oil" and/or "Profit Natural Gas" and collectively as "Profit Petroleum") shall be allocated between the Government and Contractor.

  • Obviously, these three steps assume that the GRMHD code already implements an time integration like in equations (57)– (59), which is fairly easy to do since only the explicit portions of these equations need to be taken care of by the GRMHD code.

  • The relevant price class shall be determined using the value of Profit Crude Oil and Profit Natural Gas calculated in accordance with Article 20 herein.

  • The Government’s share of Profit Crude Oil and/or Profit Natural Gas for a Calendar Month from the Contract Area shall be determined separately for Crude Oil and Natural Gas by reference to the applicable price class in the relevant table(s) detailed hereunder.

  • Crude Oil (per cent %) The Government’s share of Profit Crude Oil shall be determined each Month based on each of the percentages in the table below.

  • Government’s Share of Profit Crude Oil (%) The Government’s share of Profit Crude Oil shall be determined each Month based on each of the percentages in the table below.

  • If a complaint has been previously filed with the NYS Bureau of Funeral Directing, or if the subject of the complaint appears to be a violation of state statute, rule or regulation, or the subject of a criminal, civil or administrative investigation or proceeding before any court, licensing board or other governmental entity, the Chairperson will notify the Complainant of his or her option to register their Complaint with the NYS Bureau of Funeral Directing.

  • The percentage Profit Crude Oil to government is determined on the basis of an R-factor.

  • The total quantity and value of Profit Crude Oil and/or Profit Natural Gas allocated to the Minister and the Contractor respectively under the Contract.

Related to Profit Crude Oil

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Measured Mineral Resource means that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.