Reserve Life Index definition

Reserve Life Index or "RLI" means the amount obtained by dividing the quantity of proved plus probable reserves as at December 31, 2003, by the annualized 2004 production of petroleum, natural gas and natural gas liquids from those reserves as projected in the McDaniel Report.
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Reserve Life Index means the amount obtained by dividing the quantity of a particular category of reserves by the annualized amount of GLJ's forecast of the production for the remainder of 2004 for the corresponding reserve category.
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Reserve Life Index or “RLI” means the Approval Holder’s Gross Proven plus Probable Reserves divided by the average annual gross sales volumes, as calculated in Section 4 of Schedule 1;
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Examples of Reserve Life Index in a sentence

  • Third party production from in-situ wells of another Approval Holder may be included in an Approval Holder’s netback calculation, but not the Reserve Life Index calculation.

  • However, for the purposes of this report and the assessment of MFSP Liability, a more critical date is when the Approval Holder’s Reserve Life Index falls below 15 which is the trigger for payment of the Operating Life Deposit.

  • The Reserve Life Index is calculated as the gross proven plus probable reserves of the relevant mine divided by the three-year average annual sales volume.

  • Reserve Life Index (“RLI”) Reserve Category(1)31‐Dec‐15(yrs.)(1)31‐Dec‐16(yrs.)(2)Total Proved (1P)169Total Proved + Probable (2P)2413(1) Calculated using average 3 month ending December 31, 2015 production of 9,064 BOEpd annualized.

  • Comparison to Other E&P Yield Securities Reserve Life Index 2005 Drill Bit Reserve Replacement Linn Energy vs.

  • OIL AND GAS METRICS This news release contains certain oil and gas metrics, including Reserve Life Index or “RLI”, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons.

  • In some cases, the values were given elements of the scenarios; in others, they were judgmental and selected to be consistent with the intended spirit of the scenarios.

  • Reserve Life Index ("RLI") Pieridae’s 2P RLI was 14.7 years in 2019, which is contingent upon the execution of a $125.6 million capital program.

  • Consolidated Reserve Life Index and Replacement Ratio Reserves CategoryDecember 2018December 2017Consolidated (years) RLI PDP3.32.8RLI 1P8.69.5RLI 2P13.915.6RLI 3P26.223.7RRR PDP218%189%RRR 1P229%284%RRR 2P285%261%RRR 3P899%166%2018 Year-End Reserves Summary GeoPark engaged D&M to carry out an independent appraisal of reserves as of December 31, 2018, covering 100% of the current assets in Colombia, Chile, Brazil, Peru and Argentina.

  • Reserve Life Index is based on the amount for the relevant reserve category divided by the 2018 proved developed producing production forecast prepared by the Independent Qualified Reserve Evaluators.


More Definitions of Reserve Life Index

Reserve Life Index means the amount obtained by dividing the quantity of a particular category of reserves by Sproule’s forecast of the first year’s production for the corresponding reserve category.
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Reserve Life Index means the amount obtained by dividing the quantity of a particular category of reserves by the annualized production of Petroleum Substances from those reserves for a particular period;
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Reserve Life Index or "RLI" means the amount obtained by dividing the quantity of proved plus probable reserves as at the end of the previous year, by the annualized production of petroleum, natural gas and natural gas liquids from those reserves, in the following year, as projected in the Reserve Report.
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Reserve Life Index or "RLI" means the amount obtained by dividing the quantity of Established Reserves as at January 1, 2003 by the annualized 2003 production of petroleum, natural gas and natural gas liquids from those reserves as projected in the McDaniel Report – Provost Properties or the McDaniel Report – Carlyle Properties, as applicable.
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Related to Reserve Life Index

  • Remaining Average Life means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment.

  • Active life of a facility means the period from the initial receipt of hazardous waste at the facility until the Agency receives certification of final closure.

  • Average Life Date means, for each Equipment Note to be redeemed, the date which follows the redemption date by a period equal to the Remaining Weighted Average Life at the redemption date of such Equipment Note. “Remaining Weighted Average Life” of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • Remaining Weighted Average Life of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • Yield Reserve Percentage means at any time of determination:

  • Certificate Index With respect to each Distribution Date and the LIBOR Certificates, the rate for one month United States dollar deposits quoted on Telerate Page 3750 as of 11:00 A.M., London time, on the related Interest Determination Date relating to each Class of LIBOR Certificates. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be reasonably selected by the Trust Administrator after consultation with DLJMC), the rate will be the Reference Bank Rate. If no such quotations can be obtained and no Reference Bank Rate is available, the Certificate Index will be the Certificate Index applicable to the preceding Distribution Date. On the Interest Determination Date immediately preceding each Distribution Date, the Trust Administrator shall determine the Certificate Index for the Accrual Period commencing on such Distribution Date and inform the Master Servicer and each Servicer of such rate.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund.

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.

  • Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • C/D Reserve Percentage for any day as applied to any ABR Loan, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • State average adjusted property tax base per square mile means the sum of

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.