Profit Natural Gas definition

Profit Natural Gas has the meaning given in Article 9.1(c); "Profit Petroleum" has the meaning given in Article 9.1(c);
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Profit Natural Gas is defined as set forth in Article 11.10.
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Profit Natural Gas means the quantities of Available Non-Associated Natural Gas produced from the Production Area, after the recovery of Petroleum Costs in accordance with Articles 1 and 25.
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Examples of Profit Natural Gas in a sentence

  • Price Class D, Natural Gas price greater than Six United States Dollars (US$6.00) per Mcf, the Government’s share of Profit Natural Gas is equal to: BR + 70% [(P – US$6.00) / P] (1-BR) where: BR refers to the Base Rates set out in Price Class D, and P is the Natural Gas price.

  • 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.

  • 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.

  • Natural Gas (per cent %) The Government’s share of Profit Natural Gas shall not, on any occasion, result in a negative value and shall be determined each Month based on each of the percentages in the table below.

  • 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.

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

  • Risk is managed with respect to cash by risk management policies that require significant cash deposits or short-term investments be invested with Canadian chartered banks rated BBB or better, or commercial paper issuers R1/A2/P2 or higher.

  • Where Minister elects the options stated in of Annex D, Contractor shall have primary responsibility for identification of a market for all Available Natural Gas from the market development area and the marketing procedures of Annex D shall apply to such Government’s share of Profit Natural Gas.

  • Price Class D, Natural Gas price greater than US$6.00 per Mcf, the Government’s share of Profit Natural Gas is equal to:BR + 70% [(P –US$6.00) / P] (1-BR) where: BR refers to the Base Rates set out in Price Class D, andP is the Natural Gas price.

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More Definitions of Profit Natural Gas

Profit Natural Gas has the meaning given in paragraph 7.1(c); “Profit Petroleum” has the meaning given in paragraph 7.1(c);
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Related to Profit Natural Gas

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • Class I renewable energy means electric energy produced from

  • Class II renewable energy means electric energy produced at a

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Energy means electricity, natural gas, steam, hot or chilled water, fuel oil, or other product for use in a building, or renewable on-site electricity generation, for purposes of providing heating, cooling, lighting, water heating, or for powering or fueling other end-uses in the building and related facilities, as reflected in Utility bills or other documentation of actual Energy use.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.