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.

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 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.

Examples of Standardized Measure in a sentence

• Studies of Illness in the Aged: The Index of ADL: A Standardized Measure of Biological and Psychosocial Function.

• The decrease in Standardized Measure and PV-10 from 2022 is primarily related to the reduction in the benchmark oil and natural gas prices used in accordance with the SEC’s rules regarding reserve reporting from $94.14/Bbl to $78.21/Bbl for oil and $6.36/MMBtu to $2.64/MMBtu for natural gas, along with a decrease in NGL prices that contributed to the reduction in realized natural gas price from $7.98/Mcf in 2022 to $1.71/Mcf.

• Vitesse’s Standardized Measure, PV-10 and proved reserves at year-end 2022 did not include the reserves of Vitesse Oil, LLC (“Vitesse Oil”), which was acquired as part of the Spin-Off.

• Total proved reserves at December 31, 2023 had an associated Standardized Measure of$575.7 million and PV-10 value of $682.1 million (79% proved developed).

• Pro Forma Standardized Measure of Discounted Future Net Cash Flows The following table presents the estimated pro forma discounted future net cash flows at December 31, 2023.

More Definitions of Standardized Measure

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.”

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

Standardized Measure means the present value, discounted at 10% per year, of estimated future net revenues from the production of proved reserves, computed by applying sales prices used in estimating proved reserves to the year-end quantities of those reserves in effect as of the dates of such estimates and held constant throughout the productive life of the reserves (except for the consideration of future price changes to the extent provided by contractual arrangements in existence at year-end), and deducting the estimated future costs to be incurred in developing, producing and abandoning the proved reserves (computed based on year-end costs and assuming continuation of existing economic conditions). Future income taxes are calculated by applying the appropriate year-end statutory federal and state income tax rates with consideration of future tax rates already legislated, to pre-tax future net cash flows, net of the tax basis of the properties involved and utilization of available tax carryforwards related to proved natural gas and oil reserves. However, we are a disregarded entity for income tax purposes and therefore do not estimate future income tax expense.

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.

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.”ABRAXAS PETROLEUM CORPORATIONFORM 10 – Q INDEX

Standardized Measure means the "standardized measure of discounted future net cash flows relating to proved oil and gas reserve quantities" referred to in paragraph .180 of the FASB Standard;

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 oil and natural gas 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.