Estimated Production definition

Estimated Production means in respect of the First Period and each subsequent Calendar Quarter, the Lessee's estimate of the total quantity of the Hydrocarbons and By-products to be Produced and Saved from the Contract Area during such period.
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Estimated Production for the purposes of the approval of the Declaration of Commerciality pursuant to Article 3.7(c),means the estimated Net Production expressed in BOE, during the Development Period; as determined according to the Best International Petroleum Industry Practices and reflecting the “best estimate” (volume “2C” pursuant to the Society of Petroleum Engineers’ (SPE) Petroleum Resources Management System (PRMS) for Contingent Resources).
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Estimated Production for the purposes of the approval of the Declaration of Commerciality pursuant to Article 3.7(c), means: (a) in the case of an Oil Discovery, the estimated Net Crude Oil Production (b) in the case of a Gas Discovery, the sum of the estimated Net Dry Gas Production and Net NGL Production, expressed in BOE, during the Development Period; in each case as determined according to the Best International Petroleum Industry Practices and reflecting the “best estimate” (volume 2C pursuant to SPE/WPC/AAPG/SPEE Petroleum Resources Management System for Contingent Resources).
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Examples of Estimated Production in a sentence

  • In the first year of the Term, Estimated Production will be based on our production projections.

  • After the first year of the Term, Estimated Production will be based on historical production for that month in the prior year.

  • You will not be charged for Estimated Production when the System is not producing electricity due to SolarCity’s fault, or if it’s due to grid failure or power outages caused by someone other than you.

  • PAEt = Estimated Production in the Field for the Year of calculation.

  • If we bill you for Estimated Production because your System is not reporting production to SolarCity, and we subsequently determine that we have either overestimated or underestimated the actual production, then we will adjust the next bill downward (to refund overbilling) or upward (to make up for lost billing).

  • PAEt = Estimated Production in the Field for the Year of Calculation.

  • If you are not satisfied with the projected power production for the System set forth on the Estimated Production Disclosure, you may cancel this Agreement within three (3) business days after you are provided with such Estimated Production Disclosure by sending us written notice as set forth in Section 20 or by using the cancellation notice attached as Exhibit 1.

  • In addition, you may cancel this Agreement prior to midnight of the third business day after the date you are provided with the Estimated Production Disclosure (see Section 4(a) for an explanation).

  • You will not be charged for Estimated Production when the System is not producing electricity due to [Provider’s] fault, or if it’s due to grid failure or power outages caused by someone other than you.

  • Estimated Annual Production commencing on the Commercial Operation Date with respect to System under the Agreement shall be as follows: Year of System Term Estimated Production (kWh) 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 The values set forth in this table are estimates (and not guarantees), of approximately how many kWhs are expected to be generated annually by the System.


More Definitions of Estimated Production

Estimated Production shall have the meaning defined in Clause 12.7.
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Estimated Production means the estimated combined natural gas and gas liquids production from the proved developed producing reserves of the Borrower and its Subsidiaries as reflected in the most recently delivered Engineering Report.
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Estimated Production means the estimated total volume of production of the Mine as estimated by the Parties on the date of the Deed of Novation, equal to the Vanadium Products produced from with an average grade or the equivalent tonnage of these or other vanadium products in some other combination, and as set forth in Schedule I to this Contract, to be produced during the period of after the Commercial Production Date in accordance herewith.
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Estimated Production means the estimated amount of Solar Output to be generated by a System in each calendar month as set forth in Schedule 6 of the SPPA; provided, that, such amounts shall be prorated for any period of time shorter than one calendar month or any period of time that spans more than one calendar month.
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Estimated Production means the 304,976 troy ounces of gold estimated by Hemlo to be recovered from thx Xxarter Claim after January 1, 1995 as shown in the last line of the column on Schedule B entitled "Estimated Ounces Recovered".
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Estimated Production means the estimated (i) crude oil production and (ii) combined natural gas and gas liquids production, calculated separately in the case of clauses (i) and (ii) or on a combined basis, as applicable, from the proved developed producing reserves of the Borrower and its Subsidiaries as reflected in the most recently delivered Engineering Report.
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Related to Estimated Production

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Biodiesel fuel means a renewable, biodegradable, mono alkyl ester combustible liquid fuel derived from agricultural plant oils or animal fat such as, but not limited to, soybean oil. For purposes of this definition, “biodiesel fuel” must also meet the specifications of American Society for Testing and Material Specifications (ASTM) D 6751-02, “Standard Specification for Biodiesel Fuel (B100) Blend Stock for Distillate Fuels,” and be registered with the U.S. Environmental Protection Agency as a fuel and a fuel additive under Section 211(b) of the Clean Air Act, 42 U.S.C. Sections 7401, et seq. as amended through November 15, 1990.

  • Production Unit means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units;

  • Manufacturing Cost means [***].

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Biodiesel means a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, and, in accordance with standards specified by the American society for testing and materials, designated B100, and meeting the requirements of D-6751, as approved by the department of agriculture.

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • State-certified production means a qualified production

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other similar interests that constitute a burden on, and are measured by or are payable out of, the production of Hydrocarbons or the proceeds realized from the sale or other disposition thereof (including any amounts payable to publicly traded royalty trusts), but excluding Taxes and assessments of Governmental Entities.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Mineral Products means the commercial end products derived from operating the Property as a mine: