Examples of Liquid Condensate in a sentence
In all other circumstances, as between the Parties, Shipper shall be deemed to have custody and control of such Gas and/or Liquid Condensate.
Such invoice will include (i) for Gas, the product of (A) the measured volumes of Gas (other than Drip Condensate) in MSCF multiplied by (B) the Gross Heating Value of such Gas and expressed in MMBtus and (ii) for Liquid Condensate and Drip Condensate (if applicable), the measured volumes stated in Barrels, in each case, received and delivered by Gatherer and will be in detail sufficient for Shipper to identify the particular services rendered and the basis for such charges.
From and after Shipper’s delivery of its owned or Controlled Gas to Gatherer at the Receipt Point(s) or injection of its owned or Controlled Liquid Condensate at the Receipt Point(s), and, subject to Section 3.6 and Section 4.8, until Gatherer’s re-delivery of such Gas and/or such Liquid Condensate to or for Shipper’s account at the applicable Delivery Point(s), as between the Parties, Gatherer shall have custody and control of such Gas and/or Liquid Condensate.
If actual measurements of volumes of Gas and/or Liquid Condensate are not available by the Statement Deadline, then, on or after such Statement Deadline, Gatherer may prepare and submit its invoice based on Gatherer’s good faith estimate of the volumes of Gas and/or Liquid Condensate received in such Month.
If Gatherer submits an invoice based on estimated volumes, Gatherer shall prepare and submit to Shipper an invoice based on actual measurements on or before the close of business of the 45th Day (or if such 45th Day is not a Business Day, on the following Business Day) after the applicable Month of delivery of Gas and/or Liquid Condensate.
Nominations, scheduling and balancing of Gas and Liquid Condensate available for, and interruptions and curtailment of, Gathering Services under this Agreement shall be performed in accordance with the applicable Operating Terms and Conditions set forth in Exhibit A.
As of the Execution Date, Gatherer has acquired the Gathering System (defined below), which gathers Gas (defined below) and certain Liquid Condensate (defined below) produced from certain oil and gas leases and fee mineral interests.
No sale of Shipper’s Joint Dedicated Liquid Condensate and Sole Dedicated Liquid Condensate shall be made by Gatherer to any Affiliate of Gatherer without Shipper’s prior written consent.
Notwithstanding the forgoing, upon 60 Days prior notice to Gatherer, Shipper may elect for Gatherer to deliver Shipper’s Joint Dedicated Liquid Condensate and Sole Dedicated Liquid Condensate (after stabilization, if applicable) at the applicable Delivery Point(s) for the account of Shipper and Shipper may market and sell such Joint Dedicated Liquid Condensate and Sole Dedicated Liquid Condensate itself.
Gatherer shall install, own, operate and maintain compression facilities sufficient to deliver Shipper’s owned and Controlled Gas and Joint Dedicated Liquid Condensate into the applicable Delivery Points.