Proved Properties definition

Proved Properties means Oil and Gas Properties which are identified as “Proved Reserves” on the most recent Engineering Report.

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Proved Properties means properties with proved reserves.

Proved Properties means Oil and Gas Properties which are identified as "Proved Reserves" on the most recent Engineering Report." 2.2

Examples of Proved Properties in a sentence

• With respect to the Owned Properties and the JOA Properties, the leases and other contracts and agreements, permits and approvals forming a part of the Eligible Proved Properties, which are material to the operation or value of any Properties, when taken as a whole, are in full force and effect.

• The parties' ownership of any Prospects and Proved Properties shall be as tenants in common, subject to the applicable agreements including the application Operating Agreement.

• For purposes of this section, "▇▇▇▇▇" means those ----- ----- oil, condensate or natural gas ▇▇▇▇▇ or ▇▇▇▇▇ producing any combination thereof (whether producing, not producing, abandoned or temporarily abandoned), water source ▇▇▇▇▇, and water and other types of injection or disposal ▇▇▇▇▇ and systems located on the Proved Properties.

• All rents, royalties and other payments due and payable under such leases and other contracts and agreements, forming a part of the Eligible Proved Properties, or under the Permitted Liens, have been properly and timely paid in accordance with prudent industry practices, but in no event later than ninety (90) days past due.

• This Agreement shall not entitle SUIT to participate in any Prospects or Proved Properties obtained by Contango by means of (i) any acquisition of equity interests in entities owning Prospects, Proved Properties or Acquisition Agreements or rights to acquire Prospects, Proved Prospects or Acquisition Agreements, (ii) any merger or (iii) any business combination.

More Definitions of Proved Properties

Proved Properties where alphabetically appropriate:

Proved Properties means properties listed as having "proved developed oil and gas reserves" on the report entitled "McMoRan Oil & Gas LLC Estimated Future Reserves as of December 31, 2001" prepared by ▇▇▇▇▇ ▇▇▇▇▇.

Proved Properties has the meaning ascribed in the Recitals of this Agreement.

Proved Properties means oil and gas processing plants, oil and gas pipelines and gathering systems, and those portions of oil and gas properties to which are properly attributable proved developed producing reserves, proved developed non-producing reserves, or proved undeveloped reserves.

Proved Properties means those Properties identified on EXHIBIT A-2 as APROVED PROPERTIES@.

Proved Properties where alphabetically appropriate: "'First Amendment' means the First Amendment to this Agreement entered into as of May 3, 2005, among Borrower, the Administrative Agent and each of the Lenders."

Proved Properties means all Proved Reserves owned by the Borrower and its Restricted Subsidiaries or in which the Borrower or any Restricted Subsidiary has any right, title or interest pursuant to any Leases or any other agreements and which rights, title and interests constitute, in the determination of the Administrative Agent and the Lenders, rights, titles and interests in and to real Property under applicable state law.