Production Taxes definition

Production Taxes means all ad valorem, property, production, excise, net proceeds, severance, windfall profit and all other taxes and similar obligations assessed against the Assets or based upon or measured by the ownership of the Assets or the production of Hydrocarbons or the receipt of proceeds therefrom, other than income taxes.

Production Taxes means all federal, state or local taxes, assessments, levies or other charges, which are imposed upon production from the Oil and Gas Properties, including, without limitation, excise taxes on production, severance or gross production, as well as any interest, penalties and fines assessed or due in respect of any such taxes, whether disputed or not.

Production Taxes means the tax defined and set by AS 43.55.016, as amended from time to time.

Examples of Production Taxes in a sentence

• However, the Per Barrel Royalty will not have a positive value if the West Texas Intermediate Price is less than the sum of the per barrel Chargeable Costs and per barrel Production Taxes, appropriately adjusted in accordance with the Overriding Royalty Conveyance.

• Seller will pay all taxes, fees, penalties, and assessments (including Production Taxes) attributable to Gas or any other activity or facility prior to the Delivery Point, but not Excess Taxes.

• Government policies and market conditions different from those reflected in this study or disruption of existing transportation routes or facilities may cause (1) the total quantity of oil or condensate to be recovered, (2) actual production rates, (3) prices received, (4) operating and capital costs, or (5) Production Taxes to vary from those reviewed in this report.

• In Complaint No. 049871, dated April 10, 2019, the Department reviewed20Respondent’s advertising and determined that Respondent likely violated the following sections of21the Act and related rules: RCW 31.04.027(1)(b), (g), (m), 135, and 145, and WAC 208-620-550(14),22630(5) and (7).

• Equivalent to Revenue – Realized Hedge Settlements – LOE – Production Taxes – Cash G&A – Other Expenses.

More Definitions of Production Taxes

Production Taxes shall have the meaning set forth in Section 4.17.

Production Taxes means severance, production and similar Taxes based upon or measured by the production of Hydrocarbons.

Production Taxes means all Severance Taxes and Property Taxes;

Production Taxes has the meaning assigned to it in Section 7.1(b).

Production Taxes means all ad valorem, property, production, severance, sales, use, transfer, and similar Taxes based upon or measured by the ownership or operation of the Conveyed Properties (including any such Taxes imposed on Oakfield with respect to the Oakfield Assets) or the production of Hydrocarbons therefrom, but excluding any Income Taxes and Transfer Taxes.

Production Taxes means all severance, gross production, ad valorem, occupation, mortgage and other taxes or assessments of any kind whatsoever, imposed upon the Dedicated Interests or the production of Hydrocarbons from the Dedicated Interests, other than income or franchise taxes.

Production Taxes means Taxes measured by units of production and severance Taxes, but excluding Property Taxes. (gggg) “Property Costs” means all operating expenses (including without limitation costs of insurance, rentals, shut-in payments, routine title examination and curative actions (other than the costs and expenses to cure of any validly asserted Defects which any Seller attempts to cure under Section 3.2(b)), Third Party overhead costs charged to the Oil and Gas Properties, and Production Taxes, in each case, attributable to the ownership of the Assets or the production of Hydrocarbons produced from the Assets, but excluding any other Seller’s Taxes, including Property Taxes) and capital expenditures incurred in the ownership and operation of the Assets in the ordinary course of business, but excluding without limitation liabilities, losses, costs, and expenses attributable to: (i) claims, investigations, administrative proceedings, arbitration or litigation directly or indirectly arising out of or resulting from actual or claimed personal injury, illness or death; property damage; environmental damage or contamination; other torts; private rights of action given under any Law; or violation of any Law; (ii) obligations to plug xxxxx, dismantle facilities, close pits and clear the site and/or restore the surface around such xxxxx, facilities and pits; (iii) obligations to remediate actual or claimed contamination of groundwater, surface water, soil or Equipment; (iv) title claims (including claims that Leases have terminated); (iv) claims of improper calculation or payment of royalties (including overriding royalties and other burdens on production) related to deduction of post-production costs or use of posted or index prices or prices paid by affiliates; (v) gas balancing and other production balancing obligations; (vi) casualty and condemnation; and (vii) any claims for indemnification, contribution or reimbursement from any Third Party with respect to liabilities, losses, costs