Lease Operating Statement means a statement, in form and substance reasonably satisfactory to the Administrative Agent, prepared by the Borrower with respect to the Oil and Gas Properties owned by any Loan Party or any Subsidiary (or to be acquired by any Loan Party or any Subsidiary, as applicable), which statement shall contain production, revenue, and expense data for the time period covered by such statement and such other information reasonably requested by the Administrative Agent or any Lender.
Lease Operating Statement means a statement, in form and substance reasonably satisfactory to the Administrative Agent, prepared by the Company with respect to the Oil and Gas Properties owned by any Credit Party or any Subsidiary (or to be acquired by any Credit Party or any Subsidiary, as applicable), which statement shall contain production, revenue, and expense data for the time period covered by such statement and such other information reasonably requested by the Administrative Agent or any Lender.
Lease Operating Statement means a report, in form and substance reasonably satisfactory to Administrative Agent, prepared by Borrower covering each of the Proved Oil and Gas Properties of Borrower and its Subsidiaries included in the most recent redetermination of the Borrowing Base and detailing on a monthly basis the Hydrocarbon production volumes, revenues, associated lease operating expenses, taxes and other expenses for such Proved Oil and Gas Properties.
Examples of Lease Operating Statement in a sentence
Concurrently with each delivery of financial statements under Section 5.06(a) and Section 5.06(b), a Lease Operating Statement for such calendar quarter.
Operating costs were also based on data supplied by SWIFT in their Lease Operating Statement which was reviewed by JRBCO.
The Production Reports and the Lease Operating Statement are true and correct in all material respects.
Concurrently with each delivery of financial statements under Section 5.06(a) [Annual Financials] and Section 5.06(b) [Quarterly Financials], a Lease Operating Statement for such calendar quarter.
More Definitions of Lease Operating Statement
Lease Operating Statement means a statement, in form and substance reasonably satisfactory to the Administrative Agent, prepared by the Borrower with respect to the Oil and Gas Properties owned by any Loan Party (or to be acquired by any Loan Party, as applicable), which statement shall contain production, revenue, and expense data for the time period covered by such statement and such other information reasonably requested by the Administrative Agent.
Lease Operating Statement means a report prepared by Borrower in form, scope and content acceptable to Administrative Agent, setting forth monthly accounting for the applicable period then ended (i) detailing production from the Mortgaged Properties, the volumes of Oil and Gas produced and saved, the volumes of Oil and Gas sold, actual oil and gas prices received, gross revenue, operating income, related leasehold operating expenses, severance taxes, other taxes, capital costs and any production imbalances or take or pay imbalances incurred during such period and (ii) such additional information with respect to any of the Mortgaged Properties as may be reasonably requested by Administrative Agent, including the names and addresses of current purchasers of production and copies of current division orders from such purchasers showing Borrower's interest in the subject xxxxx and Oil and Gas Properties.
Lease Operating Statement means a monthly report prepared in Seller’s ordinary course of business covering the Oil and Gas Interests and detailing the Hydrocarbon production volumes, revenues, associated lease operating expenses, Taxes and other expenses for such Oil and Gas Interests.
Lease Operating Statement or "LOS" has the meaning set forth in Section 9.01(c).