Net Production definition

Net Production means production we own less royalties and production due others.
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Net Production means production that is owned by the Company less royalties and production due others.
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Net Production means production that is owned by the Company less royalties and production due others. "Non-Operated" or "Outside Operated" means wells that are operated by a third party.
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Examples of Net Production in a sentence

  • The volumes of the different qualities of Export Oil to be lifted by the Buyer in a Lifting Quarter shall be in the same proportion as the different qualities of Net Production from the Field during the Quarter, or as otherwise agreed between the Seller and the Buyer.

  • Line 6, Property Value of improvements, is allocated on CAB-M3 Form and Line 11, Annual Net Production Value, is allocated on CAB-M1 Form, Page 2.

  • From system implementation point of view, the automation systems for hydropower plants can be divided into three layers: Field Net, Production Net, and Business Net.

  • Petroleum Supply Monthly Table 29: Refinery and Blender Net Production.

  • Jouini‡‡ lntroduction Tke Model Equilibrium Equilibrium properties From Gross to Net Production Definition .


More Definitions of Net Production

Net Production means, for any Quarter or part of a Quarter, the sum of Net Crude Oil Production, Net NGL Productionand Net Dry Gas Production, all expressed in BOE.
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Net Production over a certain period of time, means the Barrels of Crude Oil produced from the Contract Area, and from a reservoir specified as a discovered reservoir in Annex D, saved and not used for Petroleum Operations, treated to certain specifications as per approved Plans, or their Revisions, measured and received by Transporter at the Transfer Point(s).
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Net Production means the amount of production harvested by the licensed processor after deductingdockage and reported to AFSC.
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Net Production means production that is owned by us less royalties and production due others.
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Net Production means production we own less royalties and production due others. “NGL” refers to natural gas liquids, which is composed exclusively of carbon and hydrogen. “Oil” means crude oil or condensate.
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Net Production. ’ means a working-interest (operating or non-operating) share of oil and gas production, including any royalty interests, after deduction of royalty obligations and of production allocated to government authorities under a production- sharing contract or other oil and gas permit. Under a production-sharing contract, ‘‘net production’’ equals the sum of the volume of cost recovery oil and the share of profit oil allocated to the contractor.
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Net Production means the fair market value of the Inventory for a relevant period less any:
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