Oil and Gas Assets means those assets comprising the Company’s property and equipment as set forth in the Financial Statements.
Oil and Gas Assets means assets and properties used in the Oil and Gas Business.
Oil and Gas Assets means (a) any and all Oil and Gas Properties; (b) any and all properties now or hereafter pooled or unitized with Oil and Gas Properties; (c) any and all presently existing or future unitization, communitization, or pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations, rules or other official acts of any federal, state or other governmental body, agency or authority) that affect any Oil and Gas Property; (d) any and all operating agreements, contracts and other agreements, including production sharing contracts and agreements, that relate to any Oil and Gas Property or the production, sale, purchase, exchange or processing, handling, storage, transporting or marketing of Hydrocarbons from or attributable to any Oil and Gas Property; (e) any and all Hydrocarbons in and under and which may be produced and saved from, or are attributable to, any Oil and Gas Property, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to any Oil and Gas Property; (f) all tenements, hereditaments, appurtenances and properties in any manner appertaining, belonging, affixed or incidental to any Oil and Gas Property and (g) all properties, rights, titles, interests and estates described or referred to above, including any and all property, real or personal, immovable or immovable, that is now owned or hereafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any Oil and Gas Property or other property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be taken to such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, field separators, liquid extraction plants, plant compressors, pumps, pumping units, sales and flow lines, gathering systems, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, steam generation facilities, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes licenses and other surface and subsurface rights, together with all additions, substitutions, replacements, acc...
Examples of Oil and Gas Assets in a sentence
Property plant and equipment (other than Oil and Gas Assets) Land and buildings held for use in the production and supply of goods or services, or for administrative purposes are stated in the balance sheet at cost less accumulated depreciation and the accumulated impairment losses.
Capitalisation is made within Rights of Use of Oil and Gas Assets according to the nature of the expenditure.
Intangible Assets other than Oil and Gas Assets Intangible assets other than oil and gas assets are stated at cost less accumulated amortisation and any provision for impairment.
This is subsequently amortised as part of the costs of the Rights of Use of Oil and Gas Assets.
The PMO will have a dedicated accountant and two accounts officers and each PIU will have a dedicated accounts officer.
More Definitions of Oil and Gas Assets
Oil and Gas Assets means all of the following, to the extent located within the East Texas/North Louisiana Area:
Oil and Gas Assets means all of the following, to the extent located within the Appalachian Area:
Oil and Gas Assets means the Crude Oil and Natural Gas Properties and natural gas processing facilities of Abraxas and/or any of Abraxas' Restricted Subsidiaries.
Oil and Gas Assets means all of Borrower’s present and future right, title and interest in and to the Contract Area and the AMI, and all of Borrower’s present and future right, title, and interest in and to:
Oil and Gas Assets means the Petroleum and Natural Gas Rights, the Tangibles and the Miscellaneous Interests;
Oil and Gas Assets means the Brooken Pipeline as described on Schedule 2.25, all easements and or right-of-way agreements covering the Brooken Pipeline, and all other properties, rights and interests owned, legally or beneficially, by Company as of the Effective Time which are associated with the Brooken Pipeline.
Oil and Gas Assets has the meaning set forth in the Acquisition Agreement.