Net Gas Production definition
Net Gas Production means Natural Gas, Coal Gas, or Shale Gas produced and saved from the Contract Area and does not include Natural Gas returned to the field or used or flared for the purpose of Petroleum Operations or normal waste during Petroleum Operations in Contract Area.
Net Gas Production over a certain period of time, means all the Standard Cubic Feet of Gas, actually produced during the said period of time, saved and not used for Petroleum Operations, treated to certain specifications as per the approved Preliminary Development Plan, the Final Development Plan, or their Revisions, measured and received by Transporter at the Transfer Point(s) inclusive of Sales Gas and Net NGL Production.
Examples of Net Gas Production in a sentence
Failing agreement on the holding period or the alternative off-take arrangement, Contractor shall receive its due and payable Service Fees and, subject to Article 19.3(d), Supplementary Fees on the basis of Take or Pay arrangements until such time NOC is able to receive the full Net Gas Production and Net NGL Production.