Stock Tank Barrel Definition | Law Insider

Stock Tank Barrel definitionStock Tank Barrel means the volume of liquid hydrocarbons that is equivalent to the volume of forty-two (42) U.S. gallons at atmospheric pressure and 60 °F.View SourceBased on 12 documents12Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoStock Tank Barrel means a Barrel of stabilized Oil at a temperature of 60 degrees Fahrenheit and pressure of 14.7 psia. Subject Interests shall mean each kind and character of right, title, claim or interest owned by Grantor in the Leases insofar as the Leases affect the Lands, as such Subject Interests are now affected by the Prudhoe Bay Unit Agreement, the Prudhoe Bay Unit Operating Agreement, the Redetermination Settlement Agreement and the Net Profits Royalty interest (excluding the Lower Lower Net Profits Royalty interest), and as such Subject Interests are now or may later be affected by applicable law, judicial decree, arbitration, redetermination or actions of governmental agencies having jurisdiction in the matter. Trust shall mean the BP Prudhoe Bay Royalty Trust, a business trust under the Delaware Trust Act administered under the terms of the BP Prudhoe Bay Royalty Trust Agreement among The Standard Oil Company, BP Exploration (Alaska) Inc., The Bank of New York, Trustee, and F. James Hutchinson, Co- Trustee, dated February 28, 1989. ▇▇▇▇▇▇▇ ▇▇▇▇▇ mean, at the time of determination, the Trustee of the Trust other than the Co-Trustee thereunder or any ancillary trustee.View SourceBased on 1 documents1Draft with AIStock Tank Barrel means 42 U.S. gallons, measured at 60□E/CS> F and 14.65View SourceBased on 1 documents1Draft with AI

Examples of Stock Tank Barrel in a sentence

• Proven Oil - The highest structural occurrence of proven oil as defined in Section 3.1.2 SCF/D = Standard Cubic Feet/Day STB = Stock Tank Barrel BOPD = Barrels Oil Per Day GOR = Gas Oil Ratio Jakarta December 6, 1982 PERTAMINA Bacan Koordinator Kontraktor Asing Annex Building, 5th Fl. Jln.

More Definitions of Stock Tank Barrel

Stock Tank Barrel means 42 U.S. gallons, measured at 60 E/CS> F and 14.65View SourceBased on 1 documents1Draft with AIStock Tank Barrel or “stb” means one barrel of stabilized or dead oil at the surface of the Earth after the gas has escaped;View SourceBased on 1 documents1Draft with AI

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