Crude Bitumen definition

Crude Bitumen means a naturally occurring viscous mixture, mainly of hydrocarbons heavier than pentane, that may contain sulphur compounds and that, in its naturally occurring viscous state, will not flow to a well;
View Source
Crude Bitumen means a viscous mixture, mainly of hydrocarbons heavier than pentanes, that may contain sulphur compounds and that is obtained from oil sands;
View Source
Crude Bitumen means Leased Substances that are hydrocarbon substances the Board has, by order pursuant to section 7(2) of the Oil Sands Conservation Act, declared to be oil sands;
View Source

Examples of Crude Bitumen in a sentence

  • A Royalty Owner may, upon reasonable notice to Township and at the Royalty Owners' own expense, audit the books, records and accounts of Township with respect to the production of Crude Bitumen attributable to the Royalty Lands for any calendar year within the twenty-four (24) month period next following the end of such calendar year.

  • Prior to commencing the construction of a project for the production of Crude Bitumen from a parcel of Acquired Lands, Township shall cause an independent engineering study to be conducted and a report generated.

  • For the purposes of this Agreement, a barrel of Crude Bitumen means an amount of Crude Bitumen that would equal 0.159 cubic metres if such Crude Bitumen measured in the state at which it exists in the geological formation prior to the commencement of any recovery or conversion processes.

  • Each Party shall submit to such arbitrator their proposal respecting the method of measuring and calculating the volume of production and the arbitrator shall choose one of the proposals which shall be the method of measuring and calculating the volume of Crude Bitumen produced for the purposes of the calculation of the Royalty .

  • This provision shall not apply to Oil or Gas that is consumed in storage banks, flooding and similar recovery operations, steaming operations or the production or processing of heavy oil or Crude Bitumen.

  • The Royalty will be CDN$0.03, payable to each Royalty Owner and calculated on each barrel of Crude Bitumen produced, saved and sold from the Royalty Lands, and governed by the Royalty Procedure, or $450,000 per parcel per year which ever is greater.


More Definitions of Crude Bitumen

Crude Bitumen means, despite section 1(1)(d) of the Mines and Minerals Act, a viscous mixture, mainly of hydrocarbons heavier than pentanes, that may contain sulphur compounds and that is obtained from oil sands;
View Source
Crude Bitumen has the meaning given "crude bitumen" in the Indian Oil and Gas Regulations, 1995; Direction to Comply is a default notice issued pursuant to section 46 of the Indian Oil and Gas Regulations, 1995; Gas means natural gas that is or can be produced from a well, both before and after it has been subjected to any processing, and includes Marketable Gas and all fluid components not defined as Oil (Indian Oil and Gas Act);
View Source
Crude Bitumen means crude bitumen as defined in the
View Source

Related to Crude Bitumen

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Ethanol blended gasoline means the same as defined in section 214A.1.

  • Solids means the nonvolatile portion of the coating that after drying makes up the dry film.

  • Cubic foot of gas means the amount of gas required to fill a cubic foot of space when the gas is at an absolute pressure of fourteen and seventy-three hundredths (14.73) pounds per square inch at a temperature of sixty (60) degrees Fahrenheit.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes: