Residue Gas. That portion of the Gas delivered to the Plant Receipt Points that remains after processing at the Processing Plant (if processed) and after Fuel and Lost and Unaccounted For Gas, including Bypass Gas.
Residue Gas. Company shall deliver to Supplier, in-kind at the Plant tailgate, (**)% of Supplier’s allocated share of Residue Gas (“Supplier’s Residue Gas Percentage”). Should Supplier elect to exercise its option for a Renewal Term, as provided for in Section 4 below, during the Renewal Term such Supplier’s Residue Gas Percentage shall be (**) percent (**)%.
Residue Gas. During flush Gas production or during periods of curtailment by the residue gas purchaser(s), Buyer shall only be obligated to take Seller’s Gas that is produced from oil xxxxx and ratably as to quantity with all other Gas produced from oil xxxxx connected to its Gathering System and/or Plant. Buyer shall require Seller to shut-in Gas produced from Gas xxxxx during this period.
Residue Gas. The portion of the Gas delivered to the Plant Receipt Point remaining after (a) processing at the Processing Plant (if processed) and (b) the reduction for FL&U. Residue Gas shall include Bypass Gas.
Residue Gas. All references to Gas with respect to Transporter’s obligation to receive, transport, and/or deliver Gas hereunder shall be read as references to Residue Gas.
Residue Gas. The term “Residue Gas” means Gas which is redelivered by Processor to, or for the account of, Processing Customer at the Redelivery Point(s), as required under the terms of this Agreement.
Residue Gas merchantable hydrocarbon gas available for sale from Buyer’s Facilities remaining after processing, and hydrocarbon gas resold by Buyer without first being processed. (p) TF&S – NGL transportation, fractionation, and storage. B. DELIVERY DATE; COMPRESSION B.1
Residue Gas. The Residue Gas attributable to the Gas delivered hereunder shall be allocated on a Btu basis, based on a factor, the numerator of which will be the wellhead delivered Btus of Supplier’s Gas delivered under this Agreement, reduced by subtracting (1) Supplier’s calculated Btus extracted as Plant Products and (2) Supplier’s allocated Plant Fuel and hydrogen sulfide, and the denominator of which will be the sum of all Plant wellhead delivered Btus, reduced by subtracting the calculated Btus extracted as Plant Products, actual Btus of Plant Fuel, and hydrogen sulfide, such factor to be multiplied by the total Plant Residue Gas available at the tailgate of the Plant. Supplier may use Gas produced from the Dedicated Acreage and/or Dedicated Well(s) for the purpose of developing and operating same, including the use of Gas for Gas lifting or for pressure maintenance and/or cycling operations, but Company shall not be obligated to return Residue Gas to Supplier’s lease for use in the development and operation of the Dedicated Acreage and/or Dedicated Well(s); it being Supplier’s obligation to make arrangements to receive any such Residue Gas at the tailgate of the Plant. In the event that the amount of Residue Gas taken by Supplier for in connection with its operations on the Dedicated Acreage or on the Dedicated Well exceeds the amount of Supplier’s share of such Residue Gas for such Month, Company shall charge Supplier for such excess Residue Gas based on Company’s cost for and expenses to acquire such excess Residue Gas.
Residue Gas. From time to time during the term of the Agreement, Supplier may elect to take its percentage share of Residue Gas in-kind at the tailgate of the Plant in lieu of payment of Proceeds attributable thereto as set forth in the Commercial Terms and Conditions (when not giving effect to any amendments set forth in this Addendum). The volume which Supplier will be entitled to receive each Month during any period when such an election is in effect shall be equal to the volume of Residue Gas attributable to the Gas delivered by Supplier under the Agreement during such Month, as determined pursuant to Exhibit D to the Agreement (Allocation Methodology) (“Supplier’s Allocated
Residue Gas merchantable hydrocarbon gas remaining after processing (after all reductions, including Facilities fuel and lost and unaccounted for gas). SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).
