Initial Production definition

Initial Production means the early production of an oil or gas well, recorded after the recovery of oil or other fluids used to fracture and stimulate the target formation has been completed, used as a potential indicator of the maximum ability of a well to produce upon Completion, without subsequent reservoir damage; provided, however, that historically, the actual sustained production of oil or gas realized from a well is usually less, on an ongoing basis, than Initial Production; and, provided further, that there can be no assurance that the actual production to be realized from a well on an ongoing basis following the conclusion of all Completion activities with respect thereto will be equal to approximate Initial Production.

Initial Production means the carrying out one or several or all of the activities of cultivation, husbandry, harvesting, extraction and catching.

Initial Production shall have the meaning ascribed thereto in Section 5 hereof. “Loss” or “Losses” shall mean actual losses, liabilities, damages, injuries, costs or expenses (including without limitation legal expenses on a full indemnity basis). “Mining Lease” means that certain lease entered into by and between the “Ministre des Ressources Naturelles” and the Seller on January 10, 1995 identified as “Bail xxxxxx superficiaire et souterrain numéro 817” for a term ending January 9, 2015, “Mining Operations” includes every kind of work done on or in respect of the Property or the products therefrom and, without limiting the generality of the foregoing, includes the work of assessment, geophysical, geochemical and geological surveys, studies and mapping, investigating, drilling, designing, examining, equipping, improving, surveying, shaft sinking, raising, cross-cutting and drifting, searching for, digging, trucking, sampling, working and procuring minerals, ores and metals, surveying, achieving commercial production and bringing any mining claims to lease or patent, and doing all other work usually considered to be prospecting, operation, development, exploration, production and mining work. “Mining Rights” means all mining titles as defined under the Mining Act (Quebec), which make up the properties which are necessary for the ownership, exploration, prospecting of the Property, held by the Seller on the Closing Date which (i) the Seller is able to transfer or cause to be transferred to the Purchaser using commercial best efforts, (ii) are related to and used

Examples of Initial Production in a sentence

• LOW-RATE INITIAL PRODUCTION OF NAVAL VESSEL AND SATELLITE PROGRAMS.—With respect to naval vessel programs and military satellite programs, low-rate initial production is produc- tion of items at the minimum quantity and rate that (1) preserves the mobilization production base for that system, and (2) is feasible, as deter- mined pursuant to regulations prescribed by the Secretary of Defense.(Added Pub.

• IN LATE DECEMBER 2019, THE JOINT VENTURE COMPLETED A DRILLING CAMPAIGN AND ADDED TWO NEW WELLS WITH AN INITIAL PRODUCTION OF AROUND 200 BARRELS OF OIL PER DAY.

• INITIAL PRODUCTION DATEList the initial year that this well began producing.

• The policy reform considered have distinct impacts on the growth of agricultural production as is apparent in Table III.8. TABLE III.8 – INITIAL PRODUCTION (1000 MT) AND PERCENT CHANGE WITH SCENARIO BaseSource: Author’s calculation from the model Comparing trade reform scenarios (2 to 10), we find that regional integration induces a larger spread increase in the production of the cash-crops (cotton and tobacco, and sugarcane), than multilateral integration, which is favourable only for tobacco.

• MH-65E LOW-RATE INITIAL PRODUCTION UPDATE LCDR Jeremy Courtade, SRR The third MH-65E, CGNR 6556, is making its way through wire testing and on its way to Assembly in early Septem- ber.

• The test sample(s) and accompanying Material Inspection and Receiving Report (DD Form 250) shall be marked FOR INITIAL PRODUCTION TESTING or FOR COMPARISON TESTING as applicable.

• INVENTORY REPORT: BLOCK 10 OF THE DI-MGMT-80442 IS DELETED AND REPLACED WITH THE FOLLOWING: 10.1 CONTENT: THE REPORT SHALL CONTAIN A LIST OF ALL PARTS, FLUIDS, AND OTHER TANGIBLE ASSETS (E.G. FORKLIFTS, SHELVING) HELD IN INVENTORY, ON ORDER, OR IN PROCESS OF BEING REPAIRED AT THE CLOSE OF BUSINESS ON THE LAST DAY OF THE CONTRACTOR'S ACCOUNTING MONTH, EXCEPT FOR THOSE ITEMS PROCURED EXPLICITLY FOR INITIAL PRODUCTION.

• WHITAKER AN ACT EXEMPTING FROM TAXATION ALL MANUFACTURING MACHINERY, FIXTURES, EQUIPMENT, AND TOOLS USED FOR THE PRODUCTION OF ETHANOL FROM GRAIN DURING THE COURSE OF THE CONSTRUCTION OF AN ETHANOL MANUFACTURING FACILITY AND FOR 10 YEARS AFTER INITIAL PRODUCTION OF ETHANOL FROM THE FACILITY; AMENDING SECTIONS 15-6-138 AND 15-6-201, MCA; AND PROVIDING AN APPLICABILITY DATE.

• RANGE 32E , COUNTY LEA , NEW MEXICO SPUD DATE 7/28/2014COMPLETION DATE 3/5/2015 i: ~ i; INITIAL PRODUCTION :.

• INITIAL PRODUCTION OF INFILL WELLS After knowing the initial production value of each infill well, production forecasting can be carried out based on the forecasted equations from the surrounding wells, as shown in Table 4.

More Definitions of Initial Production

Initial Production means the development and commercial production of Mineral Products during the Initial Production Period under the Pilot Project.

Initial Production means the average daily production rate during the first year of production. Estimates of production rates assume that production will commence in 2015 and Fully Developed Production will be reached in 2016 for the low estimate, 2017 for the best estimate and 2018 for the high estimate.

Initial Production shall have the meaning ascribed thereto in Section 5 hereof.

Initial Production means the first Plant Product manufactured at the Plant for use or sale. Integration means integration of the Plant with the K-Fuel® Technology.

Initial Production means the earlier of the date on which diamonds in rough form produced from the A21 pipe on the Property (as defined in the Royalty Agreement) for commercial purposes are first (i) sold or transferred to any third party or (ii) valued by either a Government Valuator (as defined in the Royalty Agreement) as required by the Canada Mining Regulations (as defined in the Royalty Agreement) or by an independent valuator pursuant to Section 4.1(b) or Section 4.1(c) of the Royalty Agreement. For clarity, Initial Production would not be triggered if sales or transfers occur in connection with treating or shipping of bulk samples for testing or other non-commercial purposes;