Examples of WTI Price in a sentence
In the case of taxes based upon wellhead or field value, WTI Price less the product of $4.50 times the Cost Adjustment Factor shall be deemed to be the wellhead or field value.
The WTI Price for any day which is not a trading day shall be the WTI Price for the next preceding day which is a trading day.
If the average WTI Price for any calendar quarter falls to $18.00 or less, the Cost Adjustment Factor for that quarter will be the Cost Adjustment Factor for the immediately preceding quarter.
If the average WTI Price returns to more than $18.00 for a later quarter, adjustments to the Cost Adjustment Factor resume, but with an adjustment to the formula that excludes changes in the Consumer Price Index during the period that adjustments to the Cost Adjustment Factor were suspended.
If Coffeyville fails to nominate any WTI Contracts within such time frame, the second-line WTI Contract shall be deemed to be the WTI Price for the subject Crude Oil Lot.