Developed Non-Producing Reserves definition

Developed Non-Producing Reserves or (c) “Undeveloped Reserves”.
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Developed Non-Producing Reserves or (c) “Undeveloped Reserves”; and “Proved Reserves” in the aggregate comprise Proved Reserves that are “Developed Producing Reserves”, “Developed Non-Producing Reserves” and “Undeveloped Reserves”.
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Developed Non-Producing Reserves means those reserves that either have not been on production, or have previously been on production, but are shut-in, and the date of resumption of production is unknown;
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Examples of Developed Non-Producing Reserves in a sentence

  • Developed Non-Producing Reserves – Developed Non-Producing Reserves include shut-in and behind-pipe Reserves.

  • The Seller, its agents and subagents, assume no liability for errors or omissions in these Terms and Conditions of Sale or in any of the property listings or advertising materials, or in any representations made by any party.

  • Developed Non-Producing Reserves – Shut-in and behind-pipe Reserves.

  • Improved recovery reserves are considered producing only after the improved recovery project is in operation.Developed Non-Producing Reserves — Developed Non-Producing Reserves include shut-in and behind-pipe Reserves.

  • Improved recovery reserves are considered producing only after the improved recovery project is in operation.Developed Non-Producing Reserves - Developed Non-Producing Reserves include shut-in and behind-pipe Reserves.

  • Developed Non-Producing Reserves — Developed Non-Producing Reserves include shut-in and behind-pipe Reserves.

  • Developed Non-Producing Reserves - Developed Non-Producing Reserves include shut-in and behind-pipe Reserves.

  • Developed Non-Producing Reserves -- Developed Non-Producing Reserves include shut-in and behind-pipe Reserves.

  • While states may require registration, no provision is made for a second registration by the same person.

  • Without limiting the foregoing sentences, such reports shall include a discussion of assumptions as to engineering, pricing and expenses, and an economic evaluation together with the reserve value of each well of each property in the Borrowing Base, and further categorized as Collateral or non-Collateral and as Proved Developed Producing Reserves, Proved Developed Non-Producing Reserves, or Proved Undeveloped Reserves.


More Definitions of Developed Non-Producing Reserves

Developed Non-Producing Reserves or (c) “Undeveloped Reserves”. “PV-9” means, on any date of determination, with respect to any Proved Reserves expected to be produced from any Borrowing Base Properties, the net present value, discounted at 9% per annum, of the future net revenues expected to accrue to the Borrower’s and the other Group Member’s collective interests in such Proved Reserves during the remaining expected economic lives of such reserves, calculated in accordance with the most recent bank price deck provided to the Borrower by the Administrative Agent. “Qualified ECP Counterparty” means in respect of any Swap Agreement, a Guarantor that (a) has total assets exceeding $10,000,000 at the time any guaranty of obligations under such Swap Agreement or grant of the relevant security interest becomes effective or (b) otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act. “Qualified Equity Interests” shall mean any Equity Interests of the Borrower other than Disqualified Capital Stock. “Qualified Keepwell Provider” means, in respect of any Swap Obligation, each Guarantor that, at the time the relevant guarantee (or grant of the relevant security interest, as applicable) becomes effective with respect to such Swap Obligation, has total assets exceeding $10,000,000 or otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such time by entering into a keepwell or guarantee pursuant to Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Redemption” means with respect to any Indebtedness, the repurchase, redemption, prepayment, repayment, payment of interest, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Indebtedness. “Redeem” has the correlative meaning thereto. “Redetermination Date” means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). “Reference Period” has the meaning assigned to such term in the definition of “EBITDAX”. “Refinance” shall have the meaning provided in the definition of “Permitted Refinancing Indebtedness.” “Register” has the meaning assigned to such term in Section 12.04(b)(iv). “Regulation D” means Regulation D...
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Developed Non-Producing Reserves. “Proved Reserves” shall mean oil and gas reserves that, in accordance with Petroleum Industry Standards, are
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Developed Non-Producing Reserves or (c) “Undeveloped Reserves”, in each case, in the definitions promulgated by the Society of Petroleum Evaluation Engineers as in effect at the time in question. ​
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Related to Developed Non-Producing Reserves

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Combination Product means any product that comprises a Licensed Compound or Licensed Product sold in conjunction with another active component so as to be a combination product (whether packaged together or in the same therapeutic formulation).

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Activated reserve components means members of the reserve component of the uniformed services who have received a notice of intent to deploy or mobilize under Title 10 of the United States Code, Title 32 of the United States Code, or state mobilization to active duty.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.