Examples of Proved Developed Producing Reserves in a sentence
In determining the Repurchase Price for Unit Holders pursuant to this Article Fifteen, the present value of the Partnership's Proved Developed Producing Reserves shall be reduced by 25% for risk and the present value of all other categories of Proved Reserves shall be reduced by 35% for risk.
The Borrower will not permit, as of the last day of any fiscal ----------- quarter, from and after January 1, 2004, its ratio of the Net Present Value of Proved Developed Producing Reserves, to Total Debt to be less than 1.00:1.00.
The Borrower shall from time to time enter into Swap Agreements in respect of commodities so that the notional volumes of all Swap Agreements, in the aggregate, are more than 75% of the reasonably anticipated projected production from Borrower's Proved Developed Producing Reserves for each month during the term of this Agreement.
The Group classified its Proved Reserves into Proved Developed Producing Reserves and Proved Undeveloped Reserves.
Prior to January 1, 2011, Proved Developed Producing Reserves was used for the calculation of unit-of-production depreciation, depletion and amortization recorded in the Group’s consolidated financial information for property, plant and equipment related to oil and gas production activities.