BOEPD definition
Examples of BOEPD in a sentence
Opal will be entitled to an additional increase of $5,000.00 per month when the Company and its affiliates achieve 1000 Barrels of Oil or Gas Equivalent Per Day (BOEPD) in net production to the Company and its affiliates.
At any time during the Initial Purchaser Majority Period, the Company shall not permit the Average BOEPD during a fiscal quarter to be less than the Average BOEPD Target for such fiscal quarter; provided that, so long as there was not a BOEPD Deficit in the prior fiscal quarter, Average BOEPD during such fiscal quarter shall be deemed to include the Carryover BOEPD for such fiscal quarter.
For example, when the Corporation’s net production first averages 1,000 BOEPD for one calendar quarter, the Employee will receive 100,000 shares, and so on for increasing production plateaus.
Any such downward adjustment shall be at the rate of [confidential information omitted] per BOEPD and any such upward adjustment shall be at the rate of [confidential information omitted].
Car Lease, on reaching 500 BOEPD employee will be entitled to Jaguar XJ Special Lease Offer, $799 per month, 36 month, $4,995 + tax (or other Jaguar Lease special) or other comparable lease.