Imbalance definition

Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.
Imbalance or “Imbalances” means any over-production, under-production, over-delivery, under-delivery or similar imbalance of Hydrocarbons produced from or allocated to the Purchased Assets, regardless of whether such over-production, under-production, over-delivery under-delivery or similar imbalance arises at the platform, wellhead, pipeline, gathering system, transportation system, processing plant or other location.
Imbalance means the difference between energy quantities of Gas received and Gas delivered, net of adjustments, in an Account each Gas Day;

Examples of Imbalance in a sentence

  • To correct a Cumulative Imbalance and satisfy the Service Provider's operational requirements, the Shipper must amend the forecasts it provides under third party service agreements with operators of upstream facilities or submit change requests to its delivery nominations to the Service Provider.

  • The Service Provider will monitor and record a running total of the Shipper's daily Imbalance, at the end of each Day, for each Zone cumulating the Imbalances into an aggregated total (Cumulative Imbalance).

  • The Parties shall use commercially reasonable efforts to avoid imposition of any Imbalance Charges.


More Definitions of Imbalance

Imbalance means over-production or under-production or over-deliveries or under-deliveries subject to a make-up obligation with respect to hydrocarbons produced from or allocated to the Properties, regardless of whether such over-production or under-production, or over-deliveries or under-deliveries, make-up obligations arise at the wellhead, pipeline, gathering system, transportation receipt point or other location and regardless of whether the same arises under contract or by operation of Law.
Imbalance means over-production or under-production or over-deliveries or under-deliveries on account of (a) any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well constituting part of the Assets and allocable to the interests of Seller, and the shares of production from the relevant Well that are actually taken by or delivered to or for the account of Seller and (b) any marketing imbalance between the quantity of Hydrocarbons constituting part of the Assets and required to be delivered by or to Seller under any Contracts relating to the purchase and sale, gathering, transportation, storage, treating, processing, or marketing of Hydrocarbons and the quantity of Hydrocarbons actually delivered by or to Seller pursuant to the applicable Contracts.
Imbalance means any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well and taken by and allocated to Seller and the amount of Hydrocarbons produced from a Well and allocable to Seller’s interest therein.
Imbalance means any imbalance at the (a) wellhead between the amount of Hydrocarbons produced from a Well and allocable to the interests of SM Energy therein and the shares of production from the relevant Well to which SM Energy is entitled or (b) pipeline flange between the amount of Hydrocarbons nominated by or allocated to SM Energy and the Hydrocarbons actually delivered on behalf of SM Energy at that point.
Imbalance shall be defined as the difference between the total MMBTU's of Gas received at the Receipt Point(s), less fuel and lost and unaccounted for gas, and the total MMBTU's of Gas allocated to Owner at the Delivery Point(s).
Imbalance means a measurement of the variation in distribution of mass around the centre axis of the tyre. It can be measured as either ‘Static’ or ‘Dynamic’ imbalance.
Imbalance means an energy volume calculated for a balance responsible party and representing the difference between the allocated volume attributed to that balance responsible party and the final position of that balance responsible party, including any imbalance adjustment applied to that balance responsible party, within a given imbalance settlement period;