Sand Reserves definition
Sand Reserves means (a) at any particular time, the estimated quantities of sand which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years under then existing economic and operating conditions (i.e., prices and costs as of the date the estimate is made) and (b) any fee mineral interests, term mineral interests, leases, subleases, farm-outs, royalties, overriding royalties, net profit interests, carried interests, production payments and similar mineral interests, and all unsevered and unextracted sand in, under, or attributable to the properties described in the foregoing clause (a).
Sand Reserves means, as of any date of determination, the sand reserve position of the Borrowers as set forth in the third party reports referenced in the Sand Reserve Appraisal.
Sand Reserves means, collectively, sand reserves that, in accordance with S-K 1300, are classified as “Probable mineral reserves” or “Proven mineral reserves”.
Examples of Sand Reserves in a sentence
Unless otherwise expressly provided herein, all of the references in this Agreement to "Sand Reserves" refer to the Sand Reserves attributable to the Sand Properties of the Obligors.
More Definitions of Sand Reserves
Sand Reserves means, as of any date of determination, the sand reserve position of SSS as set forth in the third party reports referenced in the Sand Reserve Appraisal.
Sand Reserves collectively, sand reserves that, in accordance with SEC's Industry Guide 7, are classified as "Probable (Indicated) Reserves" or "Proven (Measured)
Sand Reserves means (a) at any particular time, the estimated quantities of sand and gravel (including Frac Sand) that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years under then existing economic and operating conditions (i.e., prices and costs as of the date the estimate is made) and (b) any fee mineral interests, term mineral interests, leases, subleases, farm-outs, royalties, overriding royalties, net profit interests, carried interests, production payments and similar mineral interests, and all unsevered and unextracted sand and gravel in, under, or attributable to the properties described in the foregoing clause (a).
Sand Reserves means (a) at any particular time, the estimated quantities of sand which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years under then existing economic and operating conditions (i.e., prices and costs as of the date of the estimate is made) and
Sand Reserves means, as of any date of determination, the sand reserve position of the Borrowers as set forth in the third party reports referenced in the most recent Sand Reserve Appraisal delivered to Agent.