Standardized Measure definition

Standardized Measure means the after-tax present value of estimated future net cash flows of proved reserves, determined in accordance with the rules and regulations of the SEC, using prices and costs employed in the determination of proved reserves and a ten percent discount rate.

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Standardized Measure means the present value of after-tax future net revenues discounted at 10% per annum. “S&P 500” means Standard and Poor’s 500 index.

Standardized Measure means estimated future net revenue, discounted at a rate of 10% per annum, after income taxes and with no price or cost escalation or de-escalation, calculated in accordance with Accounting Standards Codification (“ASC”) 932, “Disclosures About Oil and Gas Producing Activities.”

Examples of Standardized Measure in a sentence

The Standardized Measure shown below represents estimates only and should not be construed as the current market value of the Company’s estimated oil and natural gas reserves or those acquired estimated oil and natural gas reserves attributable to the Chesapeake Transaction.
The Standardized Measure does not purport to present the fair market value of a company's proved oil and gas reserves.
Future net cash inflows after income taxes were discounted using a ten percent annual discount rate to arrive at the Standardized Measure.
Under the Standardized Measure, future cash inflows were estimated by applying year-end prices to the estimated future production of year-end proved reserves.
This would require consideration of expected future economic and operating conditions, which are not taken into account in calculating the Standardized Measure.

More Definitions of Standardized Measure

Standardized Measure means discounted future net cash flows estimated by applying year-end prices to the estimated future production of proved reserves. Future cash inflows are reduced by estimated future production and development costs based on period-end costs to determine pre-tax cash inflows. Future income taxes, if applicable, are computed by applying the statutory tax rate to the excess of pre-tax cash inflows over our tax basis in the oil and natural gas properties. Future net cash inflows after income taxes are discounted using a 10% annual discount rate.

Standardized Measure means the present value of after-tax future net revenues discounted at 10% per annum.

Standardized Measure means estimated future net revenue, discounted at a rate of 10% per annum, after income taxes and with no price or cost escalation, calculated in accordance with ASC 932, formerly Statement of Financial Accounting Standards No. 69 “Disclosures About Oil and Gas Producing Activities.”

Standardized Measure means the discounted future net cash flows relating to proved reserves based on the means of the estimated future gross revenue to be generated from the production of proved reserves, net of estimated production and future development costs, using prices calculated as the average natural gas and oil price during the preceding 12-month period prior to the end of the current reporting period (determined as the unweighted arithmetic average of prices on the first day of each month within the 12-month period). The standardized measure differs from the PV-10 measure only because the former includes the effects of estimated future income tax expenses.

Standardized Measure means the present value of after-tax future net revenues discounted at 10% per annum. “STEM” means science, technology, engineering and mathematics.

Standardized Measure means the present value of after-tax future net revenues discounted at 10% per annum. “S&P 400” means Standard and Poor’s MidCap 400 index.

Standardized Measure means the after-tax present value of estimated future net revenues of proved reserves, determined in accordance with the rules and regulations of the SEC, using prices and costs in effect at the specified date and a 10 percent discount rate.