Net Barrel definition

Net Barrel. Means the volume of hydrocarbon, excluding total water and total sediments, calculated at standard conditions (60 ºF and 14.7 lbf / in2, or 15 ºC and 1.01325 bars).
Net Barrel means the volume of Crude Oil, excluding total water and total sediment, calculated at standard conditions (60°F and 14.7 lbf/in2, or 15°C and 1.01325 bar).

Related to Net Barrel

  • Barrel means forty-two (42) United States gallons of 231 cubic inches of sixty degrees Fahrenheit (60ºF) and equilibrium vapor pressure.

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  • Net Sales Revenue shall have the meaning as set out in Schedule "A"