PUD Reserves definition

PUD Reserves means Proved Reserves which are categorized as “Undeveloped” in the SPE/WPC Definitions.

PUD Reserves means Proven Reserves which are categorized as “Undeveloped” in the definitions promulgated by the Society of Petroleum Evaluation Engineers and the World Petroleum Congress as in effect at the time in question.

PUD Reserves means proved, undeveloped Hydrocarbon reserves, as determined in conformity with the guidelines in effect from time to time as promulgated by the Society of Petroleum Engineers or its successor association.

Examples of PUD Reserves in a sentence

• See also, McCormack, John and Gordon Sick, 2001, Valuing PUD Reserves: A Practical Application of Real Option Techniques, Journal of Applied Corporate Finance, Winter, pp.

• The Reserve Report will separately report on PDP Reserves, PDNP Reserves and PUD Reserves in accordance with the requirements of Rule 4-10 of Regulation S-X of the Securities and Exchange Commission.

• As of the date of determination, the sum of (i) PDP Reserves Value, plus (ii) PDNP Reserves Value, and plus (iii) PUD Reserves Value.

• As of any date of determination, an amount equal to the sum of (i) sixty percent (60%) of the PDP Reserves Value, plus (ii) twenty-five percent (25%) of the PDNP Reserves Value, plus (iii) ten percent (10%) of the PUD Reserves Value; provided, however, that the portion of the Advance Rate Reserves Value accounted for under clauses (ii) and (iii) combined may not exceed twenty-five percent (25%) of the Advance Rate Reserves Value.

• Borrower may exclude any Oil and Gas Properties subject to the BTA Development Agreement that are PUD Reserves and have not yet been earned pursuant to the terms of the BTA Development Agreement so long as BO has granted a perfected first priority Lien (subject only to Excepted Liens) in the BTA Development Agreement to Agent for the benefit of the Beneficiaries)), subject in each case to proper recording thereof.

More Definitions of PUD Reserves

PUD Reserves means proved, undeveloped reserves as shown on the Reserve Report.

PUD Reserves means the Hydrocarbon Interests designated as “proved undeveloped” (in accordance with the Definitions for Oil and Gas Reserves approved by the Board of Directors of the Society of Petroleum Engineers, Inc. from time to time) in the most recently delivered Reserve Report.

PUD Reserves means proved, undeveloped oil and gas reserves, as determined in conformity with the guidelines in effect from time to time as promulgated by the Society of Petroleum Engineers or its successor association.

PUD Reserves means “proved undeveloped oil and gas reserves” as such term is defined by the SPE in its standards and guidelines.

PUD Reserves means Proved Reserves which are categorized as "Undeveloped reserves" in the COGEH Definitions.

PUD Reserves and "SEC 10 Present Value" are hereby added to Section 1.1 of the Original Agreement, to read as follows:

PUD Reserves means proved, undeveloped reserves of Gas or Oil.