Conventional Resources definition

Conventional Resources mean Oil and/or Gas existing in sandstones and carbonates which do not require artificial stimulation for commercial production.

Examples of Conventional Resources in a sentence

  • Concessionaire(s) holding experience in exploration and production of Non- Conventional Resources.

Related to Conventional Resources

  • Geothermal resources means the natural heat of the earth, the energy, in whatever form, below the surface of the earth present in, resulting from, or created by, or which may be extracted from, the na- tural heat, and all minerals in solution or other products obtained from naturally heated fluids, brines, associated gases, and steam, in whatever form, found below the surface of the earth, exclusive of oil, hydrocarbon gas, helium or other hydrocarbon substances, but including, spe- cifically:

  • Natural Resource or “Natural Resources” shall mean land, fish, wildlife, biota, air, water, ground water, drinking water supplies, and other such resources, belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States or the State.

  • Natural resources means all land, fish, shellfish, wildlife, biota,

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Resource means a unique person, piece of equipment, or object that performs activities and has its schedule calculated by Application Software.