Crude Oil Purchases definition

Crude Oil Purchases means any purchase of crude oil by the Company or any of its subsidiaries from Marathon or any Affiliate of Marathon.
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Crude Oil Purchases means any purchase of crude oil by the Company or any of its subsidiaries from Marathon or any Affiliate of Marathon. “Current GAAP” means, at any time, GAAP as in effect at such time.
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Examples of Crude Oil Purchases in a sentence

  • The decrease in annual revenues was due mainly to lower crude oil prices as well as lower production and sales volumes in 2009 (see “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).

  • The decrease in revenues was due to lower commodity prices and production volumes in 2009 (see “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).

  • Additional information is provided in the “Sales Net of Crude Oil Purchases and Transportation Expense” section of this MD&A.

  • Review of Certain Affiliate Transactions Related to Crude Oil Purchases and Shared Services 59 SECTION 8.13.

  • The decrease in quarter-over-quarter revenues reflects lower production volumes partially offset by higher crude oil prices in the third quarter of 2010 while the increase in year-to-date revenues reflects higher crude oil prices and higher production volumes in 2010 (see the “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).

  • Policy E-13 Contractor shall comply with County of San Diego Board of Supervisors Policy E-13, "Family-Centered Practice.” Family-centered practice addresses the needs of the whole family and is intended to promote and support community and family involvement to ensure safe and healthy environments for children.

  • Capital expenditures in the first quarter of 2011 were $109 million compared with $112 million in the first quarter of 2010.Sales net of Crude Oil Purchases and Transportation Expense Three Months Ended March 31($ millions) 2011 2010 Variance Sales 1 $ 1,083 1 Sales include sales of purchased crude oil and sulphur and proceeds from insurance claims.‌2 Sales volumes, net of purchased crude oil volumes.

  • The increase in quarter-over-quarter revenues reflects higher crude oil prices in the fourth quarter of 2010 partially offset by lower sales volumes, while the increase in annual revenues reflects both higher crude oil prices and higher sales volumes in 2010 (see the “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).

  • The increase in quarter-over-quarter sales reflects higher crude oil prices and sales volumes in the first quarter of 2011 (see the “Sales net of Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).

  • Sales Net of Crude Oil Purchases and Transportation Expense103,669113,33128.410.4$ 2,637$ 941(27)(9)(319)(72)$ 2,983$ 1,022Three Months Ended Nine Months Ended September 30 September 30($ millions, except where otherwise noted)20122011 $ Change20122011 $ ChangeSales1 $ 1,034‌$(12) $ 3,209‌1 Sales include sales of purchased crude oil and sulphur.‌‌‌‌2 Sales volumes, net of purchased crude oil volumes.

Related to Crude Oil Purchases

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

  • Forward Hedge Selling Period means, subject to Section 2(c) hereof, the period of one to 20 consecutive Trading Days (as determined by the Company in the Company’s sole discretion and specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) specifying that it relates to a “Forward”) beginning on the date specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) or, if such date is not a Trading Day, the next Trading Day following such date and ending on the last such Trading Day or such earlier date on which the Forward Seller shall have completed the sale of Forward Hedge Securities in connection with the applicable Forward; provided that if, prior to the scheduled end of any Forward Hedge Selling Period (x) any event occurs that would permit the Forward Purchaser to designate a “Scheduled Trading Day” as an “Early Valuation Date” (as each such term is defined in the Master Forward Confirmation) under, and pursuant to the provisions opposite the caption “Early Valuation” in Section 2 of the Master Forward Confirmation or (y) a “Bankruptcy Termination Event” (as such term is defined in the Master Forward Confirmation) occurs, then the Forward Hedge Selling Period shall, upon the Forward Seller becoming aware of such occurrence, immediately terminate as of the first such occurrence. Any Forward Hedge Selling Period then in effect shall immediately terminate upon the termination of this Agreement pursuant to Section 9 or Section 13 hereof and as set forth in Sections 2(b) and 4 hereof.

  • Mono-fuel gas vehicle means a mono fuel vehicle that primarily runs on LPG, NG/biomethane, or hydrogen but may also have a petrol system for emergency purposes or starting only, where the petrol tank does not contain more than 15 litres of petrol;

  • Retail Purchase means a purchase of any goods or services by the use of the Card and may, at the Bank’s absolute discretion and without prior notice, include or exclude any Card transaction as may be determined by the Bank;

  • Transport vehicle means a motor vehicle or rail car used for the transportation of cargo by any mode. Each cargo-carrying body (trailer, railroad freight car, etc.) is a separate transport vehicle.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Stock Index Futures Contract means a bilateral agreement pursuant to which the parties agree to take or make delivery of an amount of cash equal to a specified dollar amount times the difference between the value of a particular stock index at the close of the last business day of the contract and the price at which the futures contract is originally struck.

  • retail investor means a person who is one (or more) of the following:

  • Initial Purchase Price has the meaning set forth in Section 2.1.

  • Forward Hedge Shares means all Common Stock borrowed by the Forward Purchaser and offered and sold by the Forward Seller in connection with any Forward that has occurred or may occur in accordance with the terms and conditions of this Agreement. Where the context requires, the term “Forward Hedge Shares” as used herein shall include the definition of the same under the Alternative Distribution Agreements.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Forward Hedge Selling Commission means, for any Forward Contract, the product of (x) the Forward Hedge Selling Commission Rate for such Forward Contract and (y) the Volume-Weighted Hedge Price.

  • Multimodal transport operator means the person on whose behalf the bill of lading/multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

  • Forward Hedge Selling Commission Rate means, for any Forward Contract, a rate mutually agreed to between the Company, the Forward Seller and the Forward Purchaser and recorded in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable), up to 2.0%.

  • 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.

  • Bi-fuel vehicle means a vehicle with two separate fuel storage systems that can run part-time on two different fuels and is designed to run on only one fuel at a time;

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Exempt commercial purchaser means any person purchasing commercial insurance that, at the time of placement, meets the following requirements:

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • Gas means any mixture of hydrocarbons and noncombustible gases in a gaseous state consisting primarily of methane.

  • Substitute natural gas or "SNG" means a gas manufactured

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;