Sales Volumes definition

Sales Volumes means hydrocarbons in a liquid state under ordinary production and transportation operating conditions (e.g. not including natural gas or liquefied petroleum gas) produced and saved and not combined with other hydrocarbons except when such combining occurs in connection with ordinary or customary production, gathering or transportation operations.
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Sales Volumes means, with respect to any or all of Borrower’s Oil and Gas Properties, the product of Borrower’s Net Revenue Interest multiplied by the gross volume of Hydrocarbons produced and saved from those Oil and Gas Properties.
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Sales Volumes means all volumes of Helium owned by Seller which are produced at Seller's Facility (including any expansion of Seller's Facility).
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Examples of Sales Volumes in a sentence

  • Sales Volumes (“SV”) is a point system used to compare the relative value of Products with each Product being assigned a specific amount of points of SV.

  • The Market Share of each Settling Defendant for purposes of any payment required hereunder shall be equal to the proportion of (1) such Settling Defendant's Aggregate Sales Volume for the period in question to (2) the sum of all Settling Defendants' Aggregate Sales Volumes for the period in question.

  • As the Parties recognize that such pricing mechanisms, publications or markets may change materially during the term of this Agreement, the Parties hereby agree to the following procedures for periodically evaluating (and potentially adjusting) such pricing formulas to reflect the fair market value of the Sales Volumes.

  • The Parties acknowledge and agree that the pricing formulas set forth in this Agreement utilize appropriate pricing mechanisms and publications and fairly reflect the markets that are available for the Sales Volumes subject hereto.

  • The primary term for the current Crude Oil contract covering Sales Volumes from the Subject Field designated as Inglewood is to expire December 1, 2011.

  • Notwithstanding the foregoing, if the then remaining obligations to deliver Sales Volumes under this Agreement of PXP are for a period of less than one Year, then such letter of credit may be for a period ending forty-five (45) calendar days after the last such scheduled delivery of Sales Volumes.

  • CoP shall notify PXP in writing as far in advance as practical of the time and expected duration of planned maintenance of CoP’s Santa ▇▇▇▇▇ or Rodeo refineries that is reasonably expected to affect CoP’s ability to transport and/or store Sales Volumes hereunder.

  • Any such failure to perform shall be remedied with all reasonable dispatch, but PXP shall not be required to supply substitute quantities of Sales Volumes from other sources of supply.

  • Notwithstanding anything to the contrary in Section 5.1 above, for any Sales Volumes to be delivered to CoP hereunder that is produced from the Subject Field designated as Point Pedernales in Exhibit 1 hereto, title to, possession and risk of loss of such Sales Volumes shall pass to CoP as such Sales Volumes pass from PXP’s Lompoc oil and gas plant into CoP’s Unocap pipeline.

  • The Delivery Amount Price for Sales Volumes produced from the Subject Field designated as Point ▇▇▇▇▇▇▇▇ shall not bear a Gravity Adjustment, nor shall it bear an adjustment for sulfur content.