Crude definition

Crude means all kinds of hydrocarbons and bitumen, both in solid and in liquid form, in their natural state or obtained from Natural Gas by condensation or extraction, including distillate and Condensate when commingled with the heavier hydrocarbons and delivered as a blend at the Delivery Point but excluding Natural Gas.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Crude or “Crude Oil” means crude petroleum that is the direct liquid product of oil wells, condensate, or a mixture thereof.

Crude. , “Crude Oil”, or “crude oil” means the mixture of hydrocarbons that exist in natural underground reservoirs after passing through surface separation and well site treatment facilities and remain liquid at atmospheric pressure, but not including liquid components of the gas stream that may drop out of or be separated from the gas stream during gas gathering or compression or natural gas liquids produced from the gas stream at natural gas processing plants.

Examples of Crude in a sentence

• For any Delivery Period in which sales take place, the price shall be the arithmetic average price per Barrel determined by calculating the average for such Delivery Period of the mean of the high and low FOB prices for each day of the crude oils selected for comparison adjusted for differences in the Crude Oil and the crude oils being compared for quality, transportation costs, delivery time, quantity, payment terms and other contract terms to the extent known and other relevant factors.

• Post Title: Vice President, Associate General Counsel & Corporate Secretary By: Crestwood Crude Logistics LLC, its Sole Member By: /s/ ▇▇▇▇▇▇▇ ▇.

• In such an event the Contractor shall indicate whether, on the basis of the available data and information, it has reasonable grounds for believing that the Excess ANG could be commercially exploited in accordance with the terms of this Contract along with the Commercial Production of the Crude Oil from the Contract Area, and whether the Contractor intends to so exploit the Excess ANG.

• Matters with respect to the quality of the crude oil to be supplied hereunder shall be handled pursuant to applicable provisions of SY7513-88 Technical Conditions of Crude Oil at Wellhead.

• Such single price shall be the weighted average of the prices determined for each type of sale, weighted by the respective volumes of Crude Oil sold in each type of sale in the relevant Delivery Period.

More Definitions of Crude

Crude or “Crude Oil” shall mean any grade of crude oil.

Crude means all kinds of hydrocarbons and bitumen produced from the Block, both in solid and in liquid form, in their natural state or obtained from Natural Gas by condensation or extraction from the Block, including distillate and Condensate when commingled with the heavier hydrocarbons and delivered as a blend at the Delivery Point but excluding natural gas.

Crude or “Crude Oil” means crude petroleum that is the direct liquid product of oil wells and having an API gravity no less than 30.00° and no greater than 44.99°.

Crude means crude oil as defined in the Crude Supply Contract.

Crude means concentrated oil extracted from trimmings or plant material in an unrefined state. “CSE” or “Exchange” means the Canadian Securities Exchange.

Crude means of providing guided execution of imposing a pseudo operational profile. These weights may be displayed on the generated Extended Finite State Machine graphical output that TestOptimal produces. You may select “Y” if you want to see these weights on the produced graphs.

Crude or "CRUDE OIL" means crude oil, whether produced domestically in PNG (or from the PNG offshore area) or imported into PNG, and other feedstocks required to operate the Refinery;