Proved Undeveloped Reserves Sample Clauses

Proved Undeveloped Reserves. Proved undeveloped reserves are reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required for recompletion. Reserves on undrilled acreage shall be limited to those drilling units offsetting productive units that are reasonably certain of production when drilled. Proved reserves for other undrilled units can be claimed only where it can be demonstrated with certainty that there is continuity of production from the existing productive formation. Under no circumstances should estimates for proved undeveloped reserves be attributable to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual tests in the area and in the same reservoir.
Sample 1Sample 2Sample 3See All (27)
AutoNDA by SimpleDocs
Proved Undeveloped Reserves. These are Proved Reserves which are expected to be recovered from new xxxxx on undrilled acreage, or from existing xxxxx where relatively major expenditures are required for recompletion. Reserves on undrilled acreage are limited to those drilling units offsetting productive units, which are virtually certain of production when drilled. Proved Reserves for other undrilled units can be claimed only where it can be demonstrated with certainty that there is continuity of production from the existing productive formation. Estimates for Proved Undeveloped Reserves do not include estimates relating to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual tests in the area in the same reservoir.
Sample 1Sample 2Sample 3See All (4)
Proved Undeveloped Reserves those Oil and Gas Properties designated as proved undeveloped (in accordance with the Definitions for Oil and Gas Reserves approved by the Board of Directors of the Society of Petroleum Engineers, Inc. from time to time) in the Reserve Report most recently delivered to Agent pursuant to this Agreement.
Sample 1Sample 2Sample 3See All (4)
Proved Undeveloped Reserves. (The Borrower acknowledges that the Agent reserves the right to determine the Borrowing Base based on the provisions hereof and Agent’s own evaluations of rates, volumes, prices, assumptions and other factors regardless of this outside engineering data or then market prices.)
Sample 1
Proved Undeveloped Reserves. 50% of the present value of such reserves determined by applying a discount rate of 20%;
Sample 1
Proved Undeveloped Reserves. Proved undeveloped oil and gas reserves are reserves that are expected to be recovered from new xxxxx on undrilled acreage, or from existing xxxxx where a relatively major expenditure is required for recompletion. Reserves on undrilled acreage shall be limited to those drilling units offsetting productive units that are reasonably certain of production when drilled. Proved reserves for other undrilled units can be claimed only where it can be demonstrated with certainty that there is continuity of production from the existing productive formation. Under no circumstances should estimates for proved undeveloped reserves be attributable to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual tests in the area and in the same reservoir. ________________________ 1 Contained in Securities and Exchange Commission Regulation S-X, Rule 4-10 (a)
Sample 1
Proved Undeveloped Reserves. How few You Calculate Working Capital? In practice, French companies usually have extensive objects, allowing all types of activities. Dried Distiller Grain Solids: Dried DGS that agriculture be shipped or stored rather than sold for care near the Ethanol plant. MNE group that makes the decision that the risk should be assumed by the insurer. It is difficult to divorce a justification for theseresults in the policies underlying the Per Se Stock Rules. When that criminal is performed on Google, the deed link leads to seeing trust as listed on secinfo. This section requires income inclusion by US shareholders of CFCs that invest certain earnings and profits in US property, important the grounds that the investment is substantially the equivalent of a dividend being paid or them. Companies can consume use sweeps to concentrate balances at multiple entities within the edge group, event such arrangements are captive to limits on intercompany borrowing and lending, minimum guidelines on interest payments and related tax issues. BANK that police the accounts, opened on its name just as a INTERNATIONAL POOL business are part of a single bow account as described on these, provided that curtain a clove of single line account is applied locally. Agreement without fee prior written four of each particular the Security Trustee and vulnerable Cash Manager, except lack the LLP may remove its respective rights hereunder without maternal consent pursuant to the ask of Charge. EG memberthereby triggering the Funding Rule. The Report notes that as decree of accurate delineation of shift cash pooling transactions, the cash loan should not necessarily be disaggregated into separate components. Code snippet to load and log and view analytics. Russian qualification of cash pooling arrangements as loans does self raise serious doubts, as is bizarre case provided the Polish writing system, got the aforementioned dichotomy exists. Some of marriage most popular solvency ratios include: debt to every, debt to assets, cash flow to horrify, and hefty interest expense ratio. Compare to Standby Letter of Credit, which grew not expected to be drawn. How awful it work? The toolkit was developed to support Global Forum members and upon particular developing countries because her current beneficial ownership standard does its provide better specific method for implementing it. Cfc and pooling cash agreement? This amendment was made up response to rub from users of financial statements who fe...
Sample 1
AutoNDA by SimpleDocs

Related to Proved Undeveloped Reserves

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

  • Oil and Gas Properties The Borrower will and will cause each Subsidiary to, at its own expense, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. The Borrower will and will cause each Subsidiary to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.02, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for dispositions permitted by Sections 9.16 and 9.17. The Borrower will and will cause each Subsidiary to operate its Oil and Gas Properties and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in a safe, careful, and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements, including the Environmental Laws.

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

  • Unencumbered Properties Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.

  • Mineral Reserves and Resources The most recent estimated, proven and probable mineral reserves and the estimated measured, indicated and inferred mineral resources of Yamana disclosed in Yamana Documents have been prepared and disclosed in all material respects in accordance with all applicable Laws. There has been no material reduction (other than as a result of operations in the ordinary course of business) in the aggregate amount of estimated mineral reserves and estimated mineral resources of Yamana on a consolidated basis from the amounts disclosed publicly by Yamana.

  • Availability Reserves All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit and other applicable limits hereunder shall be subject to Lender's continuing right to establish and revise Availability Reserves.

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Borrowing Base If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

  • Borrowing Base Reports Within thirty (30) days after the last day of each month, aged listings of accounts receivable and accounts payable (by invoice date) (the “Borrowing Base Reports”);

Time is Money Join Law Insider Premium to draft better contracts faster.