What is take in kind?
Take-In-Kind-Rights means the right of a Gas Producer to receive, and the obligation of Customer to deliver, at or near the tailgate of the Dedicated Plant in question, the NGLs extracted from natural gas owned and delivered by such Gas Producer to the Dedicated Plant at issue.
What is a gas balancing agreement?
What is a Gas Balancing Arrangement? A gas balancing arrangement settles the over-use or under-use of a gas well by the various partners who have interests in it. This arrangement is needed when there are two or more partners in a gas well.
What does in cash or in-kind mean?
Given in goods, commodities, or services rather than money. Cash and in-kind benefits. adjective.
What does value in-kind mean?
In-kind services and contributions are valued at their fair market value or at their actual cost. In other words, they are valued at what you would pay for them if they were not donated.
What is OEM in oil and gas?
The responsibility of enabling the capture of oil and gas-related data falls on the shoulders of original equipment manufacturers (OEMs) who produce the equipment the industry uses.
What does in-kind stand for?
An in-kind contribution is a non-monetary contribution. Goods or services offered free or at less than the usual charge result in an in-kind contribution. Similarly, when a person or entity pays for services on the committee’s behalf, the payment is an in-kind contribution.
What are in-kind resources?
In-kind resources, or non-cash contributions, might be things you’d otherwise pay for, or they might be things that money just can’t buy. When someone volunteers to give you a service, supplies, or free help, you’re receiving in-kind support.
What is an in-kind service?
When someone volunteers to give you a service, supplies, or free help, you’re receiving in-kind support. If another organization provides free-of-charge office equipment or meeting space, that’s in-kind support. Examples of In-Kind Support. • Snacks or drinks that organization members bring to a meeting.
What is the difference between ODM and OEM?
OEM products are sold by the manufacturer based on the buyer’s specifications. ODM products are finalized or are pre-designed products that are sold under the brand name of the purchasing company. ODM products are complete and finished products, unlike OEM products.
What does TD mean in oil drilling?
Total depth
The maximum depth reached in a well.
What does PDP stand for in oil and gas?
Estimated future production from Proved Developed Producing (PDP) wells is a key component in developing oil and gas production forecasts, and is important in understanding macro supply dynamics, as well as more micro-level dynamics, for example at a well or operator level.
What is PTR in oil and gas?
PTR – (Plant Thermal Reduction) – The BTU equivalent of the liquid products extracted from the producer’s gas plus the portion of plant fuel necessary to extract those liquids, plant flare and other plant losses.