Production Growth Sample Clauses

Production Growth. Production Growth means the Company’s compound annual production growth as measured by average annual barrels of oil equivalent per day (excluding acquisitions and divestitures) (“BOE/D”) for calendar years during the Performance Period as reported in the Company’s 10-K. Production Growth will be measured with respect to the following assets of the Company owned at March 16, 2010: South Midway Asset Team, including Poso Creek and Xxxxx X; North Midway Asset Team, including Placerita and XxXxxxxxxx 21Z; Unita Asset Team; Piceance Asset Team; East Texas Asset Team; and Permian Asset Team, including the Meritage acquisition.
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Production Growth. Year end Production for 2016; but taking into account the effect of property sales, if applicable as approved by the Compensation Committee. (Measurement rounded to nearest 1/10th decimal) Performance Level Points Maximum: greater than 20 MMBoe 50 Target: 17.5 MMBoe 25 Threshold: 16.9 MMBoe 12.5 Below Threshold 0 A-1 Executive (2016):
Sample 1
Production Growth. The Ness Energy International, Inc. base net production (“Base Production”) at the time of contract signing is deemed to be 550,000 cfge/day. For any Production Growth over Base Production in increments of 100,000 cfge/day, after continuous production over 30 days (or 28 days or 31 days depending on the days in any given month), 166,667 shares of Ness Energy International, Inc. common stock (restricted) will be conveyed to Xxxxxx. Such calculations shall be made within 15 days of month end for the previous month (“Calculation Date”). Shares to be conveyed based upon this calculation shall be conveyed within 30 days of Calculation Date. No deductions to shares conveyed may be made based upon a fall in daily production below Base Production. However, Base Production is never adjusted downward, only upward based upon Production Growth. Only Production Growth over the initial or adjusted Base Production is compensated. EXAMPLE: July 2005 average daily net production is calculated as 767,000 cfge/day; Production Growth equates to 217,000 cfge/day (767,000 less 550,000); Consultant is conveyed 333,334 shares (200,000 divided by 100,000 equals 2; 2 multiplied by 166,667 shares equals 333,334); the new level of Base Production is set at 750,000 cfge/day (550,000 plus 200,000), which is never adjusted downward if monthly production were to fall below this number.
Sample 1
Production Growth. Year end Production for 2013, but taking into account the effect of property sales, if applicable. Performance Level Points Maximum: greater than 125 Bcfe 30 Target: 110 Bcfe 15 Threshold: 105 Bcfe 7.5 Below Threshold 0
Sample 1
Production Growth. Production for 2015; but taking into account the effect of property sales, if applicable as deemed by the Committee. (Measurement rounded to nearest 1/10th decimal) Performance Level Points Maximum: 21.2 MMBoe or greater 50 Target: 18.4 MMBoe 25 Threshold: 17.6 MMBoe 12.5 Below Threshold 0
Sample 1

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