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LSDefine

Simple English definitions for legal terms

gas sold

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A quick definition of gas sold:

Gas sold: Natural gas that is sold from a well, but not necessarily all that the well produces. This term is used in natural gas leases.

Gas used: Natural gas that is consumed while a well is in operation, but not necessarily sold.

A more thorough explanation:

Definition: Gas sold refers to the natural gas that is actually sold, but not necessarily all that a well produces. This term is commonly used in natural gas leases.

Example: A natural gas well produces 1000 cubic feet of gas per day, but the owner only sells 500 cubic feet of gas to a buyer. In this case, the gas sold would be 500 cubic feet.

Explanation: The example illustrates that not all the gas produced by a well is necessarily sold. The gas sold refers only to the amount of gas that is actually sold to a buyer.

Definition: Gas used refers to the natural gas that is consumed while a well is in operation, but not necessarily sold.

Example: A natural gas well produces 1000 cubic feet of gas per day, but the owner uses 200 cubic feet of gas to power the equipment used to extract the gas. In this case, the gas used would be 200 cubic feet.

Explanation: The example illustrates that some of the gas produced by a well is consumed while the well is in operation. This gas is not sold, but rather used to power the equipment used to extract the gas.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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