Proved Properties definition

Proved Properties means Oil and Gas Properties which are identified as “Proved Reserves” on the most recent Engineering Report.
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Proved Properties means properties with proved reserves.
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Proved Properties means all Proved Reserves owned by the Borrower and its Restricted Subsidiaries or in which the Borrower or any Restricted Subsidiary has any right, title or interest pursuant to any Leases or any other agreements and which rights, title and interests constitute, in the determination of the Administrative Agent and the Lenders, rights, titles and interests in and to real Property under applicable state law.
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Examples of Proved Properties in a sentence

  • The parties hereby waive and release all rights of partition, or of sale in lieu thereof, or other division of such Prospects and Proved Properties, including any such rights provided by Law.

  • The parties' ownership of any Prospects and Proved Properties shall be as tenants in common, subject to the applicable agreements including the application Operating Agreement.

  • Effective December 31, 2005 Proved Properties for Disclosure to the Securities and Exchange Commission and Probable Properties Utilizing Nonescalated Economics Williamson Project 5.9108” dated January 23, 2006 which are part of the Registration Statement.

  • Self-Effectiveness and its Relationship to Social Responsibility, Master Thesis, College of Education, University of Damascus.

  • This Agreement shall not entitle SUIT to participate in any Prospects or Proved Properties obtained by Contango by means of (i) any acquisition of equity interests in entities owning Prospects, Proved Properties or Acquisition Agreements or rights to acquire Prospects, Proved Prospects or Acquisition Agreements, (ii) any merger or (iii) any business combination.

  • Each acquisition by SUIT of an undivided interest in Prospects and Proved Properties will be subject to the same Encumbrances which burden such Prospects and Proved Properties when they are acquired by Contango, but Contango shall not add, or allow to be added, any further Encumbrances to such Prospects and Properties to SUIT's undivided interest therein.

  • Except as provided to the contrary in Sections 4.3.2 and 4.4, nothing in this Agreement is intended to mean that Contango must pursue development of Prospects or Proved Properties which it believes are no longer economically viable.

  • Acquisition of Proved Properties The Company has enjoyed some recent success in the acquisition of producing oil and gas properties.

  • EOG's net changes in capitalized exploratory well costs for the nine-month period ended September 30, 2020, are presented below (in thousands):Nine Months Ended September 30, 2020Balance at January 1$25,897Additions Pending the Determination of Proved Reserves 86,624Reclassifications to Proved Properties (34,087)Costs Charged to Expense (1) (23,872)Balance at September 30$54,562 (1) Includes capitalized exploratory well costs charged to either dry hole costs or impairments.

  • Cost Incurred ($ millions)United StatesProperty Acquisition Costs Proved Properties Unproved Properties/Wells 6.7 Exploration and Development Activities The Company’s drilling activity and results for the year ended December 31, 2016, are summarized in the following table.


More Definitions of Proved Properties

Proved Properties means oil and gas processing plants, oil and gas pipelines and gathering systems, and those portions of oil and gas properties to which are properly attributable proved developed producing reserves, proved developed non-producing reserves, or proved undeveloped reserves.
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Proved Properties means properties listed as having "proved developed oil and gas reserves" on the report entitled "McMoRan Oil & Gas LLC Estimated Future Reserves as of December 31, 2001" prepared by Xxxxx Xxxxx.
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Proved Properties means those Properties identified on EXHIBIT A-2 as APROVED PROPERTIES@.
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Proved Properties where alphabetically appropriate:
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Proved Properties has the meaning ascribed in the Recitals of this Agreement.
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Proved Properties where alphabetically appropriate: "'First Amendment' means the First Amendment to this Agreement entered into as of May 3, 2005, among Borrower, the Administrative Agent and each of the Lenders."
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Related to Proved Properties

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Property NOI means, with respect to any Property for any Rolling Period (without duplication) the aggregate amount of (i) Property Income for such period minus (ii) Property Expenses for such period.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Material Properties means the material mineral properties and projects of the Corporation and Subsidiaries, more particularly set out in Schedule “B” hereto (which schedule is incorporated into and forms part of this Agreement), including, without limitation, the material mineral properties known as the Twangiza, Lugushwa, Namoya and Kamituga deposits, and each a “Material Property”;

  • Oil and Gas Interests means: (a) direct and indirect interests in and rights with respect to oil, gas, mineral and related properties and assets of any kind and nature, direct or indirect, including, without limitation, working, royalty and overriding royalty interests, mineral interests, leasehold interests, production payments, operating rights, net profits interests, other non-working interests, contractual interests, non-operating interests and rights in any pooled, unitized or communitized acreage by virtue of such interest being a part thereof; (b) interests in and rights with respect to Hydrocarbons and other minerals or revenues therefrom and contracts and agreements in connection therewith and claims and rights thereto (including oil and gas leases, operating agreements, unitization, communitization and pooling agreements and orders, division orders, transfer orders, mineral deeds, royalty deeds, oil and gas sales, exchange and processing contracts and agreements and, in each case, interests thereunder), and surface interests, fee interests, reversionary interests, reservations and concessions related to any of the foregoing; (c) easements, rights-of-way, licenses, permits, leases, and other interests associated with, appurtenant to, or necessary for the operation of any of the foregoing; (d) interests in oil, gas, water, disposal and injection xxxxx, equipment and machinery (including well equipment and machinery), oil and gas production, gathering, transmission, compression, treating, processing and storage facilities (including tanks, tank batteries, pipelines and gathering systems), pumps, water plants, electric plants, gasoline and gas processing plants, refineries and other tangible or intangible, movable or immovable, real or personal property and fixtures located on, associated with, appurtenant to, or necessary for the operation of any of the foregoing; and (e) all seismic, geological, geophysical and engineering records, data, information, maps, licenses and interpretations.