Oil and Natural Gas Properties definition

Oil and Natural Gas Properties or "Properties" means the working, royalty or other interests of AOG in any petroleum and natural gas rights, tangibles and miscellaneous interests, including properties which may be acquired by AOG from time to time;
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Oil and Natural Gas Properties means the working, royalty or other interests of Peyto from time to time in any petroleum and natural gas rights, tangibles and miscellaneous interests, including the properties in which Peyto has an interest as at the date hereof, and properties which may be acquired by Peyto at a future date, and including the Direct Royalties;
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Oil and Natural Gas Properties or “Properties” means the working, royalty or other interests of Canetic or any affiliate of the Trust from time to time in any petroleum and natural gas rights, tangibles and miscellaneous interests, including properties which may be acquired by any affiliates of Canetic at a future date including pursuant to the Arrangement.
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Examples of Oil and Natural Gas Properties in a sentence

  • Oil and Natural Gas Properties The Company follows the successful efforts accounting method for its oil and natural gas properties.

  • Oil and Natural Gas Properties The Company follows the successful efforts method of accounting for oil and natural gas properties.

  • As independent public accountants, we hereby consent to the incorporation by reference into this registration statement of our report dated October 27, 2000 on the Statements of Revenues and Direct Operating Expenses for the Oil and Natural Gas Properties of Central Resources, Inc.

  • Acquisition of Chisholm Energy Operating, LLC and Chisholm Energy Agent, Inc (collectively “Chisholm”) - Valuation of Proved Oil and Natural Gas Properties As described in Note 4 to the consolidated financial statements, $633.5 million was allocated to proved oil and natural gas properties related to the purchase price of Chisholm on February 15, 2022.

  • Oil and Natural Gas Properties The Company follows the full-cost method of accounting for its oil and natural gas properties.

  • Proved Oil and Natural Gas Properties The Company uses the successful efforts method of accounting for its oil and natural gas producing activities.

  • Unproved Oil and Natural Gas Properties Unproved properties and the related costs are transferred to proved properties when reserves are discovered on, or otherwise attributed, to the property.

  • Oil and Natural Gas Properties The Company follows the successful efforts method of accounting for its oil and natural gas operations.

  • Oil and Natural Gas Properties Depreciation, depletion, amortization and accretion (“DD&A”) of capitalized costs of proved oil and natural gas properties is computed using the unit-of-production method on a field level basis using total estimated proved reserves.

  • Impairment of Oil and Natural Gas Properties The cost of proved oil and natural gas properties are assessed on a field-by-field basis for impairment at least annually or whenever events and circumstances indicate that a decline in the recoverability of their carrying value may have occurred.


More Definitions of Oil and Natural Gas Properties

Oil and Natural Gas Properties or "properties" means the working, royalty or other interests of Baytex, AmalgamationCo or Crew, as the case may be, in any petroleum and natural gas rights, tangibles and miscellaneous interests, including properties which may be acquired by Baytex, AmalgamationCo or Crew, as the case may be, from time to time;
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Oil and Natural Gas Properties or “Properties” means the working, royalty or other interests of the Corporation from time to time in any petroleum and natural gas rights, tangibles and miscellaneous interests, and including the Direct Royalties acquired by the Trust from time to time;
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Related to Oil and Natural Gas Properties

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • Petroleum and Natural Gas Rights means the entire interest of the Vendor as specified in Schedule "A" in and to the Lands and, insofar as they pertain to the Lands, the Leases.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.