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What is a run statement?

Updated: 4/28/2022
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15y ago

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Run Statement A monthly summary of run tickets given by the purchaser or operator of crude oil detailing volume, gravity, price, and value of each run ticket. Run Ticket A document evidencing the amount, gravity, temperature, BS&W content, etc., of oil being delivered. This document is the basis of payment for the oil. The term "run" is often used to describe the delivery or sale of oil.

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