Common use of Production Forecasts Clause in Contracts

Production Forecasts. (A) No later than the first Day of the Calendar Month preceding the Calendar Month in which the Date of Commencement of Commercial Production is anticipated to occur, and thereafter on the first Day of each Calendar Quarter, the Unit Operator shall provide the Parties with a Production Forecast. A “Production Forecast” shall consist of the estimated average daily rate of production of Unit Substances for each Calendar Month during each of the next succeeding two (2) Calendar Years and, if there are multiple Delivery Points, the estimated quantities to be delivered to each Delivery Point.

Appears in 2 contracts

Samples: Unitization and Unit Operating Agreement, Unitization and Unit Operating Agreement (Kosmos Energy Ltd.)

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Production Forecasts. (A) A No later than the first Day of the each Calendar Month Quarter preceding the Calendar Month Quarter in which the Date of Commencement of Commercial Production is anticipated Operations are scheduled to occurbegin, and thereafter afterwards on the first Day of each Calendar Quarter, the Unit Operator shall provide the Parties with a Production Forecast. A “Production Forecast” shall consist of the estimated average daily rate of production Production of Unit Substances Petroleum of each type and grade for each Calendar Month during each of the next succeeding two (2) Calendar Years and, if there are multiple Delivery Points, the estimated quantities to be delivered to each Delivery Point.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

Production Forecasts. (A) A No later than the first Day of the Calendar Month preceding the Calendar Month in which the Date of Commencement of Commercial Production is anticipated Operations are scheduled to occurbegin, and thereafter afterwards on the first Day of each Calendar Quarter, the Unit Operator shall provide the Parties with a Production Forecast. A "Production Forecast" shall consist of the estimated average daily rate of production of Unit Substances Hydrocarbons of each type and grade for each Calendar Month during each of the next succeeding two (2) Calendar Years and, if there are multiple Delivery Points, the estimated quantities to be delivered to each Delivery Point.

Appears in 1 contract

Samples: Joint Operating Agreement (Duma Energy Corp)

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Production Forecasts. (Aa) No later than the first Day of the Calendar Month preceding the Calendar Month in which the Date of Commencement of Commercial Production is anticipated production operations are scheduled to occurbegin, and thereafter afterwards on the first Day of each Calendar Quarter, the Unit Operator shall provide the Parties with a Production Forecast. A “Production Forecast” shall consist of the estimated average daily rate of production of Unit Substances Hydrocarbons of each type and grade for each Calendar Month during each of the next succeeding two (2) Calendar Years and, if there are multiple Delivery Points, the estimated quantities to be delivered to each Delivery Point.

Appears in 1 contract

Samples: Farmout Agreement (Hyperdynamics Corp)

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