Base production definition

Base production means the average monthly amount of
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Base production means the average monthly amount of production for the twelve-month period immediately prior to either the filing of the application of the production enhancement project or the commencement of the project, whichever is earlier. If the well or wells covered in the application had production for less than the full twelve-month period prior to the filing of the application for the production enhancement project, then the base production shall be the average monthly production for the months during that period that the well or wells produced,
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Base production. ’ means the average monthly amount of pro- duction for the twelve-month period immediately prior to the production enhancement project beginning date, minus the monthly rate of produc- tion decline for the well or project for each month beginning 180 days prior to the project beginning date. The monthly rate of production de- cline shall be equal to the average extrapolated monthly decline rate for the well or project for the twelve-month period immediately prior to the production enhancement project beginning date, except that the monthly rate of production decline shall be equal to zero in the case where the well or project has experienced no monthly decline during the twelve- month period immediately prior to the production enhancement project beginning date. Such monthly rate of production decline shall be contin- ued as the decline that would have occurred except for the enhancement project. Any well or project which may have produced during the twelve- month period immediately prior to the production enhancement project beginning date but is not capable of production on the project beginning date shall have a base production equal to zero. The calculation of the base production amount shall be evidenced by an affidavit and supporting documentation filed by the applying taxpayer with the state corporation commission.
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Examples of Base production in a sentence

  • Base production rates upon five-day weeks and eight-hour crew days or per piece of equipment.

  • The Base production wells range in depth from 379 feet to 610 feet bgs.

  • Base production cost for producing irrigated soybean in Waialua on a 300-hectare farm.

  • The conduct of the hearing will be informal, without outside counsel, and adherence to the rules of evidence will not be required.

  • In order to solve the contradiction between production capacity and order form in the report period, the company has promoted to finish the construction of Dongguan Songshan Lake Production Base production expansion construction and set it in operation before the third quarter end of 2012.

  • On line 5 Lisa is taking a short break before the overlap happens meaning that it could be interpreted as an end of turn and it would be natural for Amy to jump in and in- terpret the situation as such.

  • Health Needs AssessmentDeveloping Joint Strategic Needs Assessment (JSNA), building on collected data to forecast local health needs and identify gaps in service provision.Business intelligenceInformation collection and analysis (eg patient activity and costs, clinical outcomes, patient experience), including using data warehouses and hubs etc.

  • Drinking water at Mountain Home AFB is obtained from nine Base production wells completed in the Bruneau Formation (Figure 4).

  • So we're assuming that the Base production will recover all of the incremental reserves that we forecast for it, which is the 120 bcf that we had estimated.

  • Comments from the July and October hearings:• Cover all common weather-related damage• Damaged apples, juice grade or better, are not covered – need option to purchase coverage for a higher quality value• Expand policy to cover late season varieties• Base production averages for coverage calculation on county, rather than state, data.• Allow optional units for non-contiguous units separated by clearly discernible boundaries (e.g., public right-of-ways or roads).


More Definitions of Base production

Base production means the average monthly amount of production for the twelve-month period immediately prior to the effective date of this act,
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Base production means the average monthly amount of production for the twelve-month period immediately prior to either the filing of the application of the production enhancement project or the commencement of
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Base production means the average monthly amount of production for the twelve-month period immediately prior to the commencement of the project or the average monthly amount of production for the twelve-
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Base production means (1) the amount of oil which could have been produced economically and efficiently from the unit by production methods being utilized prior to the tertiary recovery project being certified by the Office of the Navajo Tax Commission; or (2) the amount of oil which could have been produced economically and efficiently from the unit by production methods being utilized prior to the expanded tertiary recovery project being certified by the Office of the Navajo Tax Commission.
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Base production. ’ means the average monthly amount of pro- duction for the twelve-month period immediately prior to the production enhancement project beginning date, minus the monthly rate of produc-
Sample 1
Base production. ’ means the average monthly amount of production for the twelve- month period immediately prior to the production enhancement project beginning date, minus the monthly rate of production decline for the well or project for each month
Sample 1

Related to Base production

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Area means that area to which a development plan is applicable.

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Bulk gasoline plant means a gasoline storage and distribution facility with an average daily throughput of 20,000 gallons (76,000 liters) of gasoline or less on a 30-day rolling average.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;