Depletion definition

Depletion means (a) the volume of hydrocarbons extracted from a formation over a given period of time, (b) the rate of hydrocarbon extraction over a given period of time expressed as a percentage of the reserves existing at the beginning of such period, or (c) the amount of cost basis at the beginning of a period attributable to the volume of hydrocarbons extracted during such period.

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Depletion means (i) the volume of hydrocarbons extracted from a formation over a given period of time,

Depletion means the amount of water consumptively used, or the difference between the amount of water diverted and returned to the source of supply.

Examples of Depletion in a sentence

After giving effect to the special allocations set forth in Section 6.1(d), all items of income, gain, loss, deduction, Simulated Depletion, Simulated Gain and Simulated Loss taken into account in computing Net Termination Gain or Net Termination Loss for such taxable period shall be allocated in the same manner as such Net Termination Gain or Net Termination Loss is allocated hereunder.
For purposes of applying the “remedial allocation method” to oil and gas properties (i) the amount by which any Partner’s Capital Account is adjusted for Simulated Depletion shall be treated as an amount of book depletion allocated to such Partner and (ii) the amount of cost depletion computed by such Partner under Section 613A(c)(7)(D) of the Code shall be treated as an amount of tax depletion allocated to such Partner.
On each Distribution Date on or after the Senior Credit Support Depletion Date, notwithstanding the allocation and priority set forth above, the portion of the Pool Distribution Amount available to be distributed as principal of the Class A Certificates (other than the Class A-PO Certificates) shall be distributed concurrently, as principal, on such Classes, pro rata, on the basis of their respective Class Certificate Balances, until the Class Certificate Balances thereof are reduced to zero.
After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date.
Simulated Depletion will be computed in accordance with the provisions of the definition of Simulated Depletion.

More Definitions of Depletion

Depletion means (a) the volume of hydrocarbons extracted from a formation over a given period of time, (b) the rate of hydrocarbon extraction over a

Depletion means, for any diversion of water, the difference between the quantity of water diverted and the quantity of return flows within the basin.

Depletion means, with respect to standing timber owned by the Partnership, the recovery (as a noncash expense) of the costs associated with the acquisition or establishment of timber stands, as determined under Code section 611 and the Regulations thereunder; provided, however, if there is a difference between the Gross Asset Value and adjusted tax basis of such timber, Depletion means "book" depletion as determined under the Code section 704(b) Regulations.

Depletion means the remaining useful lifespan (RUL), as determined by the IAC, subtracted from the expected useful lifespan (EUL), as determined by the IAC based upon industry standards, expressed as a percentage of the EUL, the result of which is the FCI.

Depletion means the use of water that renders it no longer available 21 because it has been evaporated, transpired by plants, incorporated into products or 22 crops, consumed by people or livestock, consumed by industrial processes, or 23 otherwise permanently removed from the Upper Colorado River drainage.

Depletion means the reduction of a species below its immediate recuperative potential by any cause.

Depletion means the removal of all existing commercial quantities of market-size molluscan shellfish.