PDNP Reserves definition

PDNP Reserves means Proved Reserves which are categorized as both “Developed” and “Non Producing” in the SPE/WPC Definitions; and “Proved Undeveloped Reserves” or “PUD Reserves” means Proved Reserves which are categorized as “Undeveloped” in the SPE/WPC Definitions.

PDNP Reserves means proved, developed, non-producing Hydrocarbon reserves, as determined in conformity with the guidelines in effect from time to time as promulgated by the Society of Petroleum Engineers or its successor association.

PDNP Reserves means proved, developed, non-producing reserves of Gas or Oil as shown on the Reserve Report.

Examples of PDNP Reserves in a sentence

• The Reserve Report as of December 31 of each year shall be prepared (i) with respect to PDP Reserves, by one or more Approved Petroleum Engineers and (ii) with respect to PDNP Reserves and PUD Reserves, either by Approved Petroleum Engineers or by the Borrower’s internal reserve engineering staff in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

• As of any date of determination, an amount equal to the sum of (i) sixty percent (60%) of the PDP Reserves Value, plus (ii) twenty-five percent (25%) of the PDNP Reserves Value, plus (iii) ten percent (10%) of the PUD Reserves Value; provided, however, that the portion of the Advance Rate Reserves Value accounted for under clauses (ii) and (iii) combined may not exceed twenty-five percent (25%) of the Advance Rate Reserves Value.

• As of the date of determination, the sum of (i) PDP Reserves Value, plus (ii) PDNP Reserves Value, and plus (iii) PUD Reserves Value.

• The Reserve Report will separately report on PDP Reserves, PDNP Reserves and PUD Reserves in accordance with the requirements of Rule 4-10 of Regulation S-X of the Securities and Exchange Commission.

• The Proved Developed Producing (PDP) and Proved Developed Non-Producing (PDNP) Reserves were evaluated in this report.

More Definitions of PDNP Reserves

PDNP Reserves means Proven Reserves which are categorized as both "Developed" and "Non-Producing" in the definitions promulgated by the Society of Petroleum Evaluation Engineers and the World Petroleum Congress as in effect at the time in question.

PDNP Reserves means “proved developed non-producing oil and gas reserves” as such term is defined by the SPE in its standards and guidelines.

PDNP Reserves means the Hydrocarbon Interests designated as “proved developed non-producing” (in accordance with the Definitions for Oil and Gas Reserves approved by the Board of Directors of the Society of Petroleum Engineers, Inc. from time to time) in the most recently delivered Reserve Report.

PDNP Reserves means Proved Reserves which are categorized as "Developed non-producing reserves" in the COGEH Definitions.

PDNP Reserves. PUD Reserves" and "SEC 10 Present Value" are hereby added to Section 1.1 of the Original Agreement, to read as follows:

PDNP Reserves means proved developed nonproducing reserves, as defined in the SPE Definitions.

PDNP Reserves means proved, developed, non-producing reserves of Gas or Oil.