Oil and Gas Revenues definition

Oil and Gas Revenues means all revenues derived by the GNWT from the issuance and administration of Oil and Gas exploration and production rights, including royalties, licence fees, well-head taxes, levies, forfeited work expenditure deposits and non-refundable or forfeited rentals and cash bonus bids, but does not include:
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Oil and Gas Revenues means all revenues derived by the GNWT from the issuance and administration of Oil and Gas exploration and
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Examples of Oil and Gas Revenues in a sentence

  • This amount is not disclosed on the face of the Consolidated Financial Statements due to lack of materiality, but is included in Oil and Gas Revenues.

  • Jim Shultz, Follow the Money: A Guide to Monitoring Budgets and Oil and Gas Revenues, New York: Open Society Institute, 2005, p.

  • Research Serv., IF11649, Federal Offshore Oil and Gas Revenues During the COVID-19 Pandemic (2021).

  • On July 6, 2015, the National Assembly passed the Oil and Gas Revenues Management Act (2015).

  • Government oil and gas revenues as a percent of oil and gas GDP100.090.080.070.060.050.040.030.020.010.00.01999200020012002200320042005Figure 5.3 Yemen: Government Oil and Gas Revenues as a Percent of Oil and Gas GDP PercentSource: Central Bank of Yemen.

  • This Act may be cited as the Oil and Gas Revenues Management Act, 2015 and shall come into operation on such date as the Minister may by notice in the Gazette, appoint.

  • The Fund, which is contemplated by section 125 of the Petroleum Act, is established by section 8 of the Oil and Gas Revenues Management Act.

  • Research Serv., Federal Oil and Gas Revenues During the COVID-19 Pandemic (Nov.

  • Effect of settled derivatives on effective gas hedges in years 2004 and 2003 and on effective oil hedges in all years presented are included as a component of "Oil and Gas Revenues" on the Consolidated Statement of Operations.

  • Transparency International emphasizes the need to publish mining and oil contracts and conduct an audit of the accounts of the National Fund for Oil and Gas Revenues.

Related to Oil and Gas Revenues

  • Net Revenues means the difference between:

  • Minerals means any and all ores (and concentrates derived therefrom) and minerals, precious and base, metallic and nonmetallic, in, on or under the Property which may lawfully be explored for, mined and sold.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.