Lease Operating Statements definition
Lease Operating Statements has the meaning set forth in Section 4.45.
Lease Operating Statements means a statement or report, including without limitation, monthly plant statements, in a form and substance satisfactory to Lender reflecting by each Mortgaged Property, the quantities of oil and/or gas sold by barrels (42 United States gallons) and MCF (million cubic feet), dollar amounts received for said oil and/or gas sold, average price per barrel of oil and/or MCF of gas, operating expenses and revenues, and such other information as Lender may require in its sole discretion.
Examples of Lease Operating Statements in a sentence
At all reasonable times and upon thirty (30) days prior written notice, Owner shall give Contractor access to Lease Operating Statements (LOS) and Lease Operating Expense (▇▇▇) statements and supporting data used to calculate Contractor’s compensation.
Provide Administrative Agent with the following documents at the following times in form satisfactory to Administrative Agent during the term of this Agreement: Production Report and Lease Operating Statements.