Wellhead Value definition
Wellhead Value means the value of the Petroleum as defined in the Rules.
Wellhead Value means the sales value of petroleum less normal operating costs;
Wellhead Value for the purpose of this Part shall mean the net realised price received by a contractor at the point of export or other agreed delivery point from the sale or other disposition of crude oil or natural gas, as the case may be, less such costs as the Minister may reasonably allow in respect of handling and transportation from the wellhead to such point of export of other agreed point of delivery.
Examples of Wellhead Value in a sentence
The Working Interest Owners shall pay to the Government a royalty equal to 12.5% of the Wellhead Value of Petroleum produced and saved in accordance with the Rules.
Wellhead Value for all Petroleum produced and saved under a Licence or a Lease will be determined in accordance with the Rules.
The Working Interest Owners shall pay to the government a royalty equal to twelve and one-half percent (12- 1/2%) of the Wellhead Value of the Working Interest Owners' annual gross production of Petroleum produced and saved in each Calendar Year from the Badin-II Revised Area subject to the Rules and the other provisions of this Agreement.
More Definitions of Wellhead Value
Wellhead Value means the amount for which such Subject Minerals are sold less a charge for the Processing which occurs prior to such sale equal to the sum of (A) any Processing charges attributable to the Subject Minerals paid to Non-Affiliates and (B) the expenditures incurred attributable to the Subject Minerals in Processing such Subject Minerals; provided, however, that in no event shall the expenses of Operating Partnership and its Affiliates in such Processing exceed the costs which third parties charge in the same area for rendering comparable services.
Wellhead Value means the value of the petroleum produced and saved less allowed transportation costs as determined by DGPC under these rules.
Wellhead Value means the average retail sale price of the substance extracted, excluding any tax and deduc- tion of the transportation average costs from the well to the places of delivery, measuring costs and, if applicable, purification costs. (valeur au puits)
Wellhead Value has the meaning given to that term in the Royalty Grant Deed;
Wellhead Value means the market value of the 1[Petroleum] less gathering, processing, treatment and transportation costs from the wellhead to the place at which the market value is determined, and in the case of natural gas shall also include compression, dehydration and liquefaction costs.
Wellhead Value means the wellhead value of the petroleum as defined in rule 44;