Recovered Oil definition
Examples of Recovered Oil in a sentence
Midstream Co shall deliver to Producer, each Month, all Recovered Oil allocated to Producer or for Producer’s account by delivering such Recovered Oil into the Crude Oil Gathering System.
Midstream Co shall deliver to Producer, each Month, all Drip Condensate and Recovered Oil allocated to Producer or for Producer’s account to the extent Producer and Midstream Co have agreed in writing to require such allocation.
If at any time the Parties to this Agreement are not also party to another Transaction Document that covers Crude Oil, the Parties shall set forth in the Agreement Addendum or an appropriate amendment to this Agreement the requirements for Measurement Devices pertaining to Recovered Oil; absent such agreement, Midstream Co shall install and maintain measuring equipment at the Delivery Points that is in accordance with applicable API standards.
At all times during the Term, the Parties shall set forth in the Agreement Addendum or an appropriate amendment to this Agreement the methodology for Midstream Co to deliver Recovered Oil to Producer and any fee applicable thereto.
To the extent required by a writing signed by Producer and Midstream Co, Midstream Co shall allocate, in a manner that is commercially reasonable and determined by Midstream Co in good faith, to a particular Receipt Point, the Flash Gas, Recovered Oil and Drip Condensate from a Facility Segment.
Midstream Co shall allocate, in a manner that is commercially reasonable and determined by Midstream Co in good faith, to a particular Receipt Point, the Recovered Oil from a Facility Segment.
Recovered oil from this unit is pumped to Tank- 102 the Recovered Oil Tank for reuse.
If at any time the Parties to this Agreement are not also party to another Transaction Document that covers Crude Oil, the Parties shall set forth in the Agreement Addendum or an NAI-1509460209v15 appropriate amendment to this Agreement the requirements for Measurement Devices pertaining to Recovered Oil; absent such agreement, Midstream Co shall install and maintain measuring equipment at the Delivery Points that is in accordance with applicable API standards.
To the extent required by a writing signed by Producer and Gatherer, Gatherer shall allocate, in a manner that is commercially reasonable and determined by Gatherer in good faith, to a particular Receipt Point, the Flash Gas, Recovered Oil and Drip Condensate from a Facility Segment.
Gatherer shall deliver to Producer, each Month, all Recovered Oil allocated to Producer or for Producer’s account to the extent Producer and Gatherer have agreed in writing to require such allocation.