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.

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

• Unless such notification is made, the Carrier will be under no obligation to accept Crude Petroleum for transportation.

• The Carrier shall pay from the proceeds of such sale all costs incurred by the Carrier with respect to the storage, removal and sale of such Crude Petroleum.

• If a Shipper fails to provide the Carrier with such certificate, then the Carrier shall not be obligated to accept the Shipper's Crude Petroleum.

• A Shipper shall, as required by the Carrier, provide to the Carrier a certificate with respect to the specifications of Crude Petroleum to be received by the Carrier from such Shipper.

• The Carrier shall not be obligated to accept Crude Petroleum for transportation from an existing or prospective Shipper if the Shipper or prospective Shipper fails to deliver the Financial Assurances to Carrier.

More Definitions of Crude

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

Crude means crude oil of normal export or production quality, as applicable and conforming to the types, grades, and specifications contained in Schedule 3 of the Crude PSA.

Crude has the meaning specified on Attachment 1.

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

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 means Mixture of crude oil & water in emulsion form where water disperse in crude or vice versa depending on whether the continuous phase is the water or the oil, respectively.