Common use of Valuation of Overlift and Underlift for NGL Products Clause in Contracts

Valuation of Overlift and Underlift for NGL Products. The value of any Overlift and Underlift of a Field shall be taken to be the average price per metric tonnes achieved from sales in the months subsequent to the Completion Date.

Appears in 4 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (Endeavour International Corp), Agreement (Endeavour International Corp)

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Valuation of Overlift and Underlift for NGL Products. The value of any Overlift and Underlift of a Field field shall be taken to be the average price per metric tonnes achieved from sales in the months subsequent to the Completion Economic Date.

Appears in 3 contracts

Samples: Operational Services Agreement, Operational Services Agreement (Endeavour International Corp), Option Agreement (Endeavour International Corp)

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