Remaining Reserves definition
Remaining Reserves means, on any date, the aggregate amount of Hydrocarbons to be produced from all Borrowing Base Assets from such date up to (and including) the last Abandonment Date, as projected by the most recent Banking Case delivered under ARTICLE 3.
Remaining Reserves means, in relation to each Borrowing Base Asset and any date, the quantities of Petroleum forecast in the then current Projection to be produced by that Borrowing Base Asset in the period from that date up to (and including) the Abandonment Date for such Borrowing Base Asset (as determined in accordance with Clause 7 (Projections)).
Remaining Reserves means, as of the date of any determination, all of the PDP Reserves projected to be attributable to the Subject Interests (whether attributable to the Production Payment or to Working Interest Owner's retained interests) after such date for the remaining expected productive life thereof.
Examples of Remaining Reserves in a sentence
RR = Remaining Reserves, remaining at the beginning of the calculation Year, as determined by the Contractor quantified based on the methodology established by CNH.
RR = Remaining Reserves at the beginning of the Year of calculation, as determined by the Contractor based on the methodology established by CNH.
RR = Remaining Reserves at the beginning of the Year of calculation, as determined by the Contractor quantified based on the methodology established by CNH.
For purposes of determining the Parent's compliance with this covenant, the amount of the Remaining Reserves shall be converted into Japanese yen based upon the exchange rate, as quoted by The Wall Street Journal, between the U.S. dollar and the Japanese yen as of the date of the applicable financial statements.
As used in this Section 5, "Remaining Reserves" means, as of the date of any determination, the Risk Adjusted Proved Reserves of Hydrocarbons projected to be attributable to the Subject Interests without regard to the Overriding Royalty.
More Definitions of Remaining Reserves
Remaining Reserves means, in relation to a Borrowing Base Asset and any Calculation Period, the total quantities of Field Hydrocarbons forecast in the then current Banking Case to be derived from that Borrowing Base Asset in that Calculation Period and each subsequent Calculation Period which ends on or before the Field Life End Date for such Borrowing Base Asset.
Remaining Reserves means, as of the date of any determination, the Risk Adjusted Proved Reserves of Hydrocarbons projected to be attributable to the Subject Interests in Exhibit A without regard to the Production Payment. As used in this Section 3, "Risk Adjusted Proved Reserves" means proved reserves of Hydrocarbons which, after adjustments by Grantee based on Grantee's assessment of risk, can be estimated with reasonable certainty to be recoverable under economic conditions existing at the time of determination.
Remaining Reserves means, in relation to each Hydrocarbon Interest in Turkey and any date, the quantities of Hydrocarbons forecast in the then current Reserve Report to be produced by that Hydrocarbon Interest in the period from that date up to (and including) the Abandonment Date shown in such Reserve Report for such Hydrocarbon Interest.
Remaining Reserves means, as of the date of any determination, the PDP Reserves projected to be attributable to the Subject Interests (i.e., both the Production Payment Hydrocarbons and the Retained Interest Hydrocarbons) after such date for the remaining expected productive life thereof. For the purpose of calculating Remaining Reserves, the sales prices of the Hydrocarbons to be produced from each Subject Interest will be assumed to be the Adjusted Prices as calculated on the date of determination. Calculations of Remaining Reserves will otherwise be based on the then most recent Reserve Report, after disregarding any reserves shown in such Reserve Report that have actually been produced on or before the date of determination of such Remaining Reserves.
Remaining Reserves in relation to any Determination Period, the total quantities of reserves forecast in the then-current Reserves Criteria to be produced from the Borrowing Base Assets in that Determination Period and each subsequent Determination Period which ends on or before the Field Life End Date;
Remaining Reserves means, in relation to the Project and any Calculation Period, the total quantities of Petroleum reserves forecast in the then current Projection to be derived from the Project in that Calculation Period and each subsequent Calculation Period which ends on or before the Field Life End Date for the Huntington Petroleum Field.
Remaining Reserves. SALE AND PURCHASE AGREEMENT THIS AGREEMENT is entered into effective January 1, 1995, by and among DEVON ENERGY CORPORATION (NEVADA), a Nevada corporation ("Seller"); NS GAS PROPERTIES, INC., a Virginia corporation ("Buyer"); DEVON ENERGY CORPORATION, a Delaware corporation ("Devon Delaware"); NORFOLK SOUTHERN CORPORATION, a Virginia corporation ("Norfolk"); and NORFOLK SOUTHERN PROPERTIES, INC., a Virginia corporation ("Properties"). In consideration of the mutual covenants contained herein and the benefits to be derived by each party hereunder, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: