Petroleum Engineers definition

Petroleum Engineers means such petroleum engineers of recognized national standing as may be selected by Loan Parties with the prior consent of Agent.
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Petroleum Engineers means (i) DeGolyer & McNaughton, (ii) McDaniel & Associates Consultants Ltx. xx (iix) xxxx other pxxxxxxxx engineers of recognized national standing as may be selected by Borrower with the prior consent of Agent.
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Petroleum Engineers means (a) in the case of Oil and Gas Properties within the jurisdiction of the United States, Xxxxx Xxxxx Company, L.P. and (b) in the case of Oil and Gas Properties within the jurisdiction of the United Kingdom, Xxxx-Ikoda Limited or, in either case, such other petroleum engineers of recognized national standing in the applicable country as may be selected by the Borrower with the prior consent of the Agents.”
Sample 1

Examples of Petroleum Engineers in a sentence

  • I am a registered Professional Engineer in the state of Texas (TBPE #43291), granted in 1978, a member of the Society of Petroleum Engineers (SPE) and a member of the Order of the Engineer.

  • This qualification is based on more than 40 years of practical experience in the estimation and evaluation of petroleum reserves with Texaco, Inc., First City National Bank of Houston, Sipes, Williamson & Associates, Inc., Williamson Petroleum Consultants, Inc., and Wright which I founded in 1988.I am a registered Professional Engineer in the state of Texas (TBPE #43291), granted in 1978, a member of the Society of Petroleum Engineers (SPE) and a member of the Order of the Engineer.

  • Also included is supplemental information from (1) the 2007 Petroleum Resources Management System approved by the Society of Petroleum Engineers, (2) the FASB Accounting Standards Codification Topic 932, Extractive Activities—Oil and Gas, and (3) the SEC’s Compliance and Disclosure Interpretations.

  • The reserves in this report have been estimated using deterministic methods; these estimates have been prepared in accordance with the Standards Pertaining to the Estimating and Auditing of Oil and Gas Reserves Information promulgated by the Society of Petroleum Engineers (SPE Standards).

  • The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers, and the July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.

  • The Society of Petroleum Engineers encourages open and objective discussion of technical and professional subjects pertinent to the interests of the society in its publications.

  • For example (and by way of illustration and not limitation), EchoStar shall make commercially reasonable efforts to cooperate with Xxxx ExpressVu in trouble determination, interference and fault isolation activities.

  • To estimate proved and unproved reserves and oil and gas resources, Repsol uses the criteria established by the SPE/WPC/AAPG/SPEE Petroleum Resources Management System, commonly referred to by its acronym SPE-PRMS (SPE standing for Society of Petroleum Engineers).

  • Reserves estimates are prepared in accordance with the Company’s policies and procedures for reserves estimation which conform to guidelines prepared by the Society of Petroleum Engineers.

  • To estimate proved and unproved reserves and oil and gas resources, Repsol uses the criteria established by the SPE-PRMS (Society of Petroleum Engineers - Petroleum Resources Management System).- Operating expenses and capital expenditure.


More Definitions of Petroleum Engineers

Petroleum Engineers means Xxxxxx, Xxxxxxxxx & Associates, or such other similar petroleum engineers as may be selected from time to time by a Majority of the Parties.
Sample 1
Petroleum Engineers means Ryder Scott Company, L.P. or such other petroleum engineers of recognxxxx xxxxxxal standing as may be selected by the Borrower with the prior consent of the Agents.
Sample 1
Petroleum Engineers means (i) XxXxxxxx & XxXxxxxxxx, (ii) XxXxxxxx & Associates Consultants Ltd. or (iii) such other petroleum engineers of recognized national standing as may be selected by Borrower with the prior consent of Agent.
Sample 1
Petroleum Engineers means Netherland Sewell & Associates or such other petroleum engineers of recognizex xxxxonal standing as may be selected by the Borrower with the prior consent of the Agents.
Sample 1

Related to Petroleum Engineers

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • Approved Petroleum Engineer means any reputable firm of independent petroleum engineers as shall be selected by Borrower and approved by Administrative Agent, such approval not to be unreasonably withheld.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Petroleum Act means the Petroleum and Geothermal Energy Resources Act 1967 (WA).

  • Engineers Certificate" shall mean a certificate of the Consulting Engineers or of such other engineer or firm of engineers having a favorable repute for skill and experience in the engineering matters with respect to which such certification is required by this Master Indenture.

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • Good Engineering Practice means, Works carried out in accordance with the following standards/ specifications,

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Professional Engineer means a person entitled to practise as a Professional Engineer in the Province of Ontario under a licence issued under the Professional Engineers Act;

  • Mineral Resource means a concentration or occurrence of natural, solid, inorganic or fossilized organic material in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge.

  • Petroleum product means crude oil, petroleum, refined petroleum products, byproducts and intermediate feed stocks, and other energy-related commodities, including, without limitation, blend components commonly used in the petroleum industry to improve characteristics of, or meet governmental or customer specifications for, petroleum or refined petroleum products.

  • City Engineer means the person appointed to the office of City Engineer, by Council, acting, either directly or through authorized staff acting severally within the scope of the particular duties entrusted to them.

  • Petroleum and Natural Gas Rights means the Vendor’s entire interest in those Petroleum Substances underlying the Lands in the respective formations to the extent that the same are described in Schedule “A” and are granted by the Leases, subject to the Permitted Encumbrances, and includes the interest and right of the Vendor in any lands or leases with which those Petroleum Substances have been pooled or unitized;

  • friendly society means corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Practice of engineering means any service or creative work, the adequate performance of which requires engineering education, training, and experience in the application of special knowledge of the mathematical, physical, and engineering sciences.

  • Environmental Standards means regulations governing designs with regard to noise characteristics, fuel venting, and exhaust emissions of civil aeronautical products and appliances.

  • Technical Standards means the technical standards set out in paragraph 2.4 of the Order Form;

  • Petroleum Industry Standards means the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question.