Examples of Sales Point in a sentence
To the Sales Point shall be defined as all costs associated with location, drilling, testing, and completing the well, including, if applicable, hydraulic fracturing or other stimulation process, tanks, facilities and flowlines, and other costs associated therewith prior to turning the well to sales (“Carry Point”).
The energy product under this Agreement shall consist of Energy transacted through an Internal Bilateral Transaction, or IBT, at the Sales Point in conformance with the Energy Profile (the "Energy Product").
With respect to any particular swap transaction, the counterparty is required to make a payment to the Company in the event that the average Sales Point Price for any settlement period is less than the swap price for such transaction, and the Company is required to make payment to the counterparty in the event that the average Sales Point Price for any settlement period is greater than the swap price for such transaction.
Sales Point shall be the point at which Buyer sells the product to its third-party purchaser.
By the Scheduling Deadline, Seller shall submit an IBT, in accordance with the Energy Profile, for each Buyer's Share of the Energy Quantity for settlement in the Day-Ahead Energy Market at the Sales Point.
Because substantially all of the Company's natural gas production is sold under spot contracts that reference to the Sales Point Price, the Company has no basis risk with respect to these transactions.
Each Buyer shall pay or cause to be paid all Governmental Charges on or with respect to the Energy Quantity at and from the Sales Point (other than ad valorem, franchise or income taxes which are related to the sale of the Energy Quantity and are, therefore, the responsibility of Seller).
However, not withstanding the provisions herein, in the event the total drilling and completion well costs to Sales Point exceeds $1.6MM to the 8/8ths prior to reaching the Carry Point, BSPE shall have no obligation or responsibility to pay Bonanza’s pro-rata share of the costs exceeding $1.6MM.
For any particular collar transaction, the counterparty is required to make a payment to the Company if the average Sales Point Price for the reference period is below the floor price for such transaction, and the Company is required to make payment to the counterparty if the average Sales Point Price for the reference period is above the ceiling price for such transaction.
Such equipment must be installed and operated, and gas measurement computations must be made, in accordance with current industry standards and good engineering practices, and shall be located as close to the Delivery Point of the Landfill Gas and the Sales Point of the Biomethane as reasonably practicable.