Economically recoverable definition

Economically recoverable means the portion of technically recoverable resources that could be produced at a given price, accounting for costs, and including a return on capital. It is not accurate to assume that the amount of economically recoverable resources will go up in the same proportion as prices may rise (i.e., if prices double, the amount of economically recoverable resources does not necessarily double).
Economically recoverable in relation to petroleum means those resources which could be recovered at an expected (pre-tax) market value greater than the expected (pre-tax) resource cost of their extraction, where costs include both capital and operating costs but exclude sunk costs and costs (such as interest charges) which do not reflect current use of resources. In bringing costs and revenues to a common point for comparative purposes a 10% real discount rate will be used;
Economically recoverable shall have the meaning set forth in Section 10.17.

Examples of Economically recoverable in a sentence

  • Lessee shall conduct Mining Operations in a workmanlike manner and in such a manner as to recover the Maximum Economically Recoverable (“MER”) quantity of Lessor’s Coal.


More Definitions of Economically recoverable

Economically recoverable means:

Related to Economically recoverable

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  • Nationally Recognized Statistical Rating Organization means a nationally recognized statistical rating organization within the meaning of Rule 436 under the Securities Act.

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  • Acutely mentally ill means a condition which is limited to a

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  • Nationally Recognized Rating Agency means any nationally recognized statistical rating organization identified as such by the Securities and Exchange Commission.

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