E&P Assets definition

E&P Assets means land and mineral interests or rights therein used for the exploration, development and production of oil and gas and other hydrocarbons;
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E&P Assets means any (a) oil or gas leasehold, mineral interest, royalty, or overriding royalty interest or real property, which is reasonably determined by Apache to be capable of producing oil, gas, or minerals in commercial quantities, (b) personal property, the primary application of which is the exploration for or production of oil, gas, or minerals, or (c) interest in any Person owning assets of the kind described in foregoing clause (a) or (b).
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E&P Assets means, collectively, (a) the “Assets” as defined in the EP Acquisition Agreement including, without limitation, the Oil and Gas Properties listed on Exhibits A-1 and A-2 of the EP Acquisition Agreement and (b) the “Assigned Shares” as defined in the EP Acquisition Agreement; provided that the “EP Assets” does not include the Arkoma Assets or the “Excluded Assets” as defined in the EP Acquisition Agreement.
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Examples of E&P Assets in a sentence

  • No membership interests in Rattler will be issued as consideration for the Diamondback E&P Assets Contribution or the Energen Assets Contribution, no shares in Energen will be issued in exchange for the Interests contribution, and no membership interests in Tall Towers will be issued in exchange for the Tall Towers Assets Contribution.

  • The Company shall be deemed to have used such reasonable best efforts so long as it complies with such fiduciary duties and legal requirements in connection with any sale process for the E&P Assets.


More Definitions of E&P Assets

E&P Assets means all of the gas and oil properties in the Cherokee Basin, a 13-county region in southeastern Kansas and northeastern Oklahoma, and related assets owned by the Operating Company as of the Effective Time, and 100% of the outstanding membership interests of Quest Cherokee Oilfield Service, LLC.
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E&P Assets means all the assets associated with the exploration and production of hydrocarbons, in connection with the E&P Agreements.
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Related to E&P Assets

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Excluded Assets has the meaning set forth in Section 2.2.