petroleum data definition
Examples of petroleum data in a sentence
During the Agreement Term, VR will use commercially reasonable efforts throughout the Distribution Territory to diligently (i) promote, solicit and obtain orders for Installation Services, Compliance Management Services and such other products and services offered by TNDE, as may be mutually agreed upon by the Parties, (ii) perform its Remote Monitoring obligations and Simplicity Petroleum Data Services in a timely and professional manner and (iii) develop the goodwill and reputation of TNDE.
EXHIBIT B Simplicity Petroleum Data Services EXHIBIT C Authorized Service Company Terms and Conditions EXHIBIT D VR Products See attached list.
Allocation of revenues with respect to the sale of Simplicity Petroleum Data Services will be determined by mutual agreement of the Parties.
The term "VR Products" means gauging systems consisting of in-tank level and various sensors operating in conjunction with a dedicated site computer and line leak equipment that are manufactured and/or marketed by VR and installed permanently at a site in order to meet the leak detection regulations as set forth in 40 CFR 280 and Simplicity Petroleum Data Services, which are described on Exhibits B and D.
TNDE agrees that, without limitation, such sufficient training will include the attendance of at least one reasonably appropriate member of staff of TNDE at a three day training conference that VR shall organize and that shall be relevant to any VR Products or Simplicity Petroleum Data Services being sold pursuant to this Agreement.
TNDE further agrees to give strong preference in the use of, and to promote the sale and use of VR Products and Simplicity Petroleum Data Services and Remote Monitoring services.
TNDE agrees to use commercially reasonable efforts to purchase from VR, either directly or indirectly through the sale of such services to TNDE customers, Simplicity Petroleum Data Services in each of the calendar years 1998, 1999 and 2000.
TNDE agrees that it will sell VR Products and Simplicity Petroleum Data Services only in conjunction with TNDE Compliance Management Services, field services and construction services.
The Specified Data shall be delivered to the Acquirer in machine-readable, usable form in the record layouts in Annex 1 of this Order for well data, Annex 2A of this Order for production data, Annex 2B of this Order for the Texas oil test (W10) file; Annex 2C of this Order for the Louisiana oil test (DM1R) file; and Annex 3 of this Order for Petroleum Data System (PDS) data, which support the ▇▇▇▇▇▇'s Petroleum Reservoirs CD-ROM.
As of the Effective Date, all rights of ▇▇▇▇▇▇ in or to the Settlement Fund shall be extinguished except as otherwise provided by this Agreement.