GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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06:42 Jun 13, 2007 |
English to Hungarian translations [PRO] Marketing - Petroleum Eng/Sci | |||||||
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| Selected response from: Eva Blanar Hungary Local time: 07:54 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +2 | kitermelt (föld)gáz |
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3 +1 | "equity" gáz, |
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kitermelt (föld)gáz Explanation: "Equity Gas" means Gas that is produced from a Dedicated Lease and is owned and marketed by, or on behalf of, Producers. Equity Gas shall also include any lessor's royalty Gas that is not taken "in-kind" by lessor and which is marketed by, or on behalf of, Producers. Equity Gas shall exclude the following: (i) Gas consumed by a Producer in the development and operation of Dedicated Leases, including, but not limited to, the following operations: drilling; deepening; reworking of wells; compression; Gas lift; treating; separation; operationally integrated power generation; maintenance of facilities; and consumed as fuel in such operations. (ii) Gas provided by a Producer to another operator or producer in the general vicinity of such Producer's operations to be used by such operators or producers for purposes similar to those set forth in (i) above; provided, however, if Gas furnished by Producer is used for such purposes, Producer shall keep Processor whole from an economic standpoint for any volumes that are so used. (iii) Gas used by a Producer as makeup or non-consent Gas to or for the benefit of third parties as may be required under joint operating, Gas balancing or other similar agreements and produced from wells covered by such agreements or to settle Gas imbalance claims with other mineral and/or leasehold interest owners. (iv) Gas used by a Producer to make payment of royalty and/or overriding royalty in kind if required in the Dedicated Leases or instruments pursuant to which such royalties and overriding royalties were created, excluding any overriding royalties held by Affiliates of Producer. (v) Gas which is actually used by pipelines for fuel to transport lease production and/or is otherwise flared, lost or unaccounted for prior to delivery to a Plant. (vi) Gas which is precluded from being produced or Processed due to governmental intervention, regulations, laws or judicial or administrative orders. Reference: http://www.secinfo.com/d1ZcBc.4f89t.d.htm |
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Grading comment
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10 hrs confidence: peer agreement (net): +1
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