Common use of Thermal Content Clause in Contracts

Thermal Content. The term “Thermal Content” means, (A) in the case of Gas, the product of the measured volume in Mcf multiplied by the Gross Heating Value per Mcf, adjusted to the same pressure base and expressed in MMBtus; and (B) in the case of Plant Products, the product of the measured volume in gallons multiplied by the Gross Heating Value per gallon. The determination of Thermal Content shall be based upon, inter alia, data provided by Questar pursuant to Section 4(b)(1) of this Agreement.

Appears in 2 contracts

Sources: Gas Gathering and Processing Agreement (Gasco Energy Inc), Gas Processing Agreement (Gasco Energy Inc)