PDP Present Value definition
PDP Present Value means the present value (discounted at ten percent (10%)) of future net revenues attributable to all PDP Reserves from the Properties calculated based on a Reserve Report.
PDP Present Value means the NPV attributable to all PDP Reserves from the Oil and Gas Properties of the Borrower and its Subsidiaries and based on an Engineering Report or other applicable information relating to the Proven Reserves of the Borrower and its Subsidiaries provided by Borrower.
PDP Present Value means, as of any date, the present value (discounted at ten percent (10%) per annum) of future net income attributable to all Proved Developed Producing Oil and Gas Properties of the Credit Parties, calculated by Borrower in a manner acceptable to Administrative Agent based on the most recently delivered Reserve Report and applying (a) economic and pricing parameters, methodology, assumptions and other factors reasonably required by Administrative Agent from time to time and (b) prevailing forward curves for NYMEX and basis differentials as of the subject June 30 or December 31, as applicable, which forward curves shall be provided by Administrative Agent no later than one week after the relevant referenced date. From and after December 31, 2019, PDP Present Value will only include ▇▇▇▇▇ with a production track record of at least three (3) months. For the purposes of calculating the PDP PV Coverage Ratio, the PDP Present Value shall take into account the projected cash flow impact from Hedging Transactions of the Credit Parties, positive or negative, using the pricing parameters described above in the projected revenue calculations.
Examples of PDP Present Value in a sentence
A percentage (as determined by the Agent in its sole and absolute discretion) of the PDNP Present Value for drilled oil and gas ▇▇▇▇▇ that have not yet been connected to enable sales will be added to PDP Present Value.
PDP Present Value" means the present value (discounted at 10.0%) of future net revenues attributable to all Proved Developed Reserves from the Properties calculated based on the Reserve Report most recently delivered to the Agent pursuant to Section 10.2(c).
More Definitions of PDP Present Value
PDP Present Value means the present value (discounted at ten percent (10%) per annum) of future net cash flow attributable to all Proved Developed Producing Reserves from the Oil and Gas Properties of the Loan Parties calculated based on the most recently delivered Reserve Report, as supplemented by the most recently delivered Sem-Annual Updates consistent with SEC reporting requirements at the time, except that commodity prices used in the report shall be pursuant to Section 7.07(b)(iii).