Index Price. Inside FERC Gas Market Report (NNG Ventura Natural Gas) less the applicable transportation from the Processing Plant and the actual costs associated with all such transportation as expressed in $/MMBTU. If such index is not available, an index price determined by Shipper and Gatherer based on where such Gas production is being sold, or, if no appropriate index is available, a price based on a netback calculation determined by Shipper and reasonably acceptable to Gatherer. Inferior Liquids. Mixed crude oil, slop oil, salt water, nuisance liquids and other liquids recovered by Gatherer in the Gathering System and/or the Processing Plant.
Appears in 3 contracts
Sources: Gas Gathering, Compression and Processing Agreement (Oasis Midstream Partners LP), Gas Gathering, Compression, Processing and Gas Lift Agreement (Oasis Midstream Partners LP), Gas Gathering, Compression, Processing and Gas Lift Agreement (Oasis Midstream Partners LP)