MMBtu Equivalent definition

MMBtu Equivalent means, with respect to Production Payment Oil, the number of MMBtus determined by multiplying the quantity of such Oil (expressed in Barrels) by a ratio the numerator of which is the Field Price of Oil (expressed in dollars per Barrel) for the Day on which such Oil was sold and the denominator of which is the Field Price of Gas (expressed in dollars per MMBtu) for the Day on which such Oil was sold.
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MMBtu Equivalent means (a) with respect to Overriding Royalty Gas, the quantity of such Gas, measured as provided herein expressed in MMBtus, and (b) with respect to Overriding Royalty Oil, the number of MMBtus determined by multiplying the quantity of such Oil
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Related to MMBtu Equivalent

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • Dose equivalent (HT) means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Carbon dioxide equivalent or "CO2e" means an amount of greenhouse gas or gases expressed as the equivalent amount of carbon dioxide, and is computed by multiplying the mass of each of the greenhouse gases by the global warming potential published for each gas at 40 CFR part 98, subpart A, Table A–1—Global Warming Potentials, and adding the resulting value for each greenhouse gas to compute the total equivalent amount of carbon dioxide.

  • USD Equivalent means, with respect to an amount of Euros, on any date, the amount of Dollars that may be purchased with such amount of Euros at the Exchange Rate in effect on such date.

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.