Petroleum Terms Sample Clauses
The 'Petroleum Terms' clause defines the specific meanings of key terms related to petroleum and its derivatives as used throughout the contract. It typically clarifies what is meant by terms such as 'crude oil,' 'refined products,' or 'petroleum operations,' ensuring that all parties interpret these words consistently. By providing clear definitions, this clause eliminates ambiguity and reduces the risk of disputes arising from misunderstandings about technical or industry-specific language.
Petroleum Terms. As used herein, the terms "proved reserves," "proved developed reserves," "proved developed producing reserves," "proved developed nonproducing reserves," and "proved undeveloped reserves" have the meaning given such terms from time to time and at the time in question by the Society of Petroleum Engineers of the American Institute of Mining Engineers.
Petroleum Terms. 20 SECTION 1.4 Money....................................................................20
Petroleum Terms. As used herein, the terms "PROVED RESERVES," "PROVED DEVELOPED RESERVES," "PROVED DEVELOPED PRODUCING RESERVES," "PROVED DEVELOPED NONPRODUCING RESERVES," and "PROVED UNDEVELOPED RESERVES" have the meaning given such terms from time to time and at the time in question by the Society of Petroleum Engineers of the American Institute of Mining Engineers.
Petroleum Terms. All petroleum terms used herein and in the other --------------- Loan Documents including without limitation the terms "working interest," "net revenue interest," "proved reserves," "proved developed reserves," "proved developed producing reserves," "proved developed nonproducing reserves" and "proved undeveloped reserves" have the meanings given such terms from time to time and at the time in question by the Society of Petroleum Engineers of the American Institute of Mining Engineers.
Petroleum Terms. As used herein, the terms "PROVED RESERVES," --------------- --------------- "PROVED DEVELOPED RESERVES," "PROVED DEVELOPED PRODUCING RESERVES," "PROVED -------------------------- ------------------------------------- ------ DEVELOPED NONPRODUCING RESERVES," and "PROVED UNDEVELOPED RESERVES" have the --------------------------------- ----------------------------- meaning given such terms from time to time and at the time in question by the Society of Petroleum Engineers of the American Institute of Mining Engineers.
Petroleum Terms. 45 8.23 Amendment and Restatement of Original Loan Agreement....
Petroleum Terms. 36 SECTION 1.06 Resolution of Drafting Ambiguities.................................. 36
Petroleum Terms. Unless defined otherwise herein, the term “Proved Reserves” refers to all Proved Developed Producing Reserves, Proved Developed Nonproducing Reserves and Proved Undeveloped Reserves, and the terms “Proved Developed Producing Reserves’’, “Proved Developed Nonproducing Reserves”, and “Proved Undeveloped Reserves” have the meanings given such terms from time to time and at the time in question by the Society of Petroleum Engineers of the American Institute of Mining Engineers.
Petroleum Terms. 22 SECTION 2.4. MONEY . . . . . . . . . . . . . . . . . . . . . . . . . . .23
Petroleum Terms. 20 SECTION 2.4 MONEY.......................................................................................20