Sproule Report definition

Sproule Report means the report of Sproule dated February 7, 2019 evaluating the crude oil, natural gas liquids and natural gas reserves of the Corporation as at December 31, 2018;

Sproule Report means the reserve report dated February 27, 2015 and prepared by Sproule in relation to the crude oil and natural gas reserves of the Corporation and the future net production revenues attainable thereto with an effective date of December 31, 2014;

Sproule Report means the report prepared by Sproule dated February 11, 2011 evaluating approximately 43 percent and auditing approximately 10 percent of the crude oil, natural gas and natural gas liquids reserves of Penn West and the net present value of future net revenue attributable to those reserves effective as at December 31, 2010.

Examples of Sproule Report in a sentence

• The crude oil, natural gas liquids and conventional natural gas reserves estimates presented in the Sproule Report are based on the definitions and guidelines contained in the COGE Handbook.

• The well economics and type curve presented in respect of SE Saskatchewan two-mile wells are reflective of the average P+P Sproule bookings in the Sproule Report in the core areas where we recognize future inventory.

• The well economics and type curves presented in respect of Lloydminster Multi-lateral unlined and Single leg lined wells are sourced from an average of all the current P+P locations booked by Sproule in the Sproule Report.

• The well economics and type curve presented in respect of Central Alberta are sourced from an average of all P+P locations booked by Sproule in the Sproule Report as well as an internal analysis of analogue well results.

• Except with respect to the portion of the TPIIP expected to be recovered based on the primary recovery factor, which have been booked as proved plus probable reserves in the Sproule Report, Gear has not conducted an analysis in order to classify the remaining TPIIP into more specific categories of resources as set out in the COGE Handbook.

More Definitions of Sproule Report

Sproule Report means independent reserves evaluation prepared by Sproule dated March 4, 2009 of the petroleum and natural gas reserves and the present net worth of those reserves of the Trust as at December 31, 2008;

Sproule Report means the independent engineering report of Sproule dated June 30, 2005 evaluating, effective March 31, 2005, the oil, NGL and natural gas reserves attributable to the Nexen Assets;

Sproule Report means the independent engineering evaluation of the oil and natural gas reserves attributable to the properties of the Company prepared by Sproule dated February 24, 2023 and effective December 31, 2022.

Sproule Report means the independent engineering evaluation of Bonterra's oil, natural gas and NGLs interests prepared by Sproule dated February 7, 2022 and effective December 31, 2021 utilizing the average commodity price forecasts of Sproule, GLJ Petroleum Consultants and McDaniels & Associates Consultants Ltd. dated December 31, 2021; and

Sproule Report means the report prepared by Sproule dated March 8, 2017 and effective December 31, 2016 evaluating the crude oil, NGLs and natural gas and future net production revenues attributable to the properties of Petrus.

Sproule Report means the report of Sproule dated March 5, 2013 evaluating our crude oil, natural gas liquids and natural gas reserves as at December 31, 2012; and

Sproule Report means the report of Sproule dated February 27, 2015 evaluating our crude oil, natural gas liquids and natural gas reserves as at December 31, 2014;