Frac Spread definition

Frac Spread means the difference in price between natural gas and the applicable NGL products, generally expressed in US$ per US gallon;
View Source
Frac Spread means the sum of (i) the sales price per gallon received by the Borrower and its Subsidiaries with respect to the sale of natural gas liquids produced at the Siloam Plant pursuant to Keep Whole Contracts LESS (ii) the cost per gallon of natural gas paid by the Borrower and its Subsidiaries with respect to the sale of natural gas liquids produced at the Siloam Plant pursuant to Keep Whole Contracts."
View Source
Frac Spread means a complement or “spread” of equipment required to perform a hydraulic fracturing job as further described in Section 4 – “Scope of Work”.
View Source

Examples of Frac Spread in a sentence

  • Each Dedicated Frac Spread will be available for the provision of Services commencing on the In-Service Date set forth with respect thereto on Exhibit A.

  • If Contractor is unwilling or unable to assign additional Fully Shell Approved Frac Spread, Company has the right to re-assign work scope from Contractor to an alternative fracturing provider until such time as Contractor is able to meet agreed upon performance targets.

  • After the end of the Catch-up Period, the fixed monthly fee will be $[*]1 per Dedicated Frac Spread plus any applicable CPI adjustment, as provided in Exhibit B.

  • The Parties agree that during the Suspension Period the monthly fee of $[*]1 per Dedicated Frac Spread (which is part of the Services Fees) shall be [*]1, and that the monthly fee for the Catch-up Period shall be [*]1 per Dedicated Frac Spread to $[*]1 per Dedicated Frac Spread.

  • In the event Contractor is unable to utilize Dedicated Frac Spread(s) for other customers, Contractor and Company will defer [*]1 (“Recoupment Costs”) per Dedicated Frac Spread.

  • Contractor will use commercially reasonable efforts to meet the particular scheduling and operational requirements requested from time to time by Company subject to the availability of, and the operational capacity and limitations of, the Dedicated Frac Spread.

  • For the first Frac Spread to commence Work, the length of the Ramp-up Period and the minimum number of Frac Stages to deliver per month during the Ramp-up Period will be [***] to hit Tier 2 targets and an additional [***] to hit Tier 1 targets for a total Ramp-Up period of [***], unless otherwise agreed.

  • Contractor will repay the Company’s Prepayment beginning in the month when the 1st Frac Spread is approved for Company operations (“Month 1”) and then per the following schedule.

  • For any Frac Stage within a Frac Spread, Company may elect one of two pricing structures.

  • The Parties further anticipate that second Frac Spread will be delivered Fully Approved for Shell Operations on or about March 1, 2012.