Developed Producing Reserves or (b) “Developed Non-Producing Reserves.”
Developed Producing Reserves means those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty;
Developed Producing Reserves in the PRMS, “Proved Developed Nonproducing Reserves” means Proved Reserves that are categorized as “Developed Nonproducing Reserves” in the PRMS, and “Proved Undeveloped Reserves” means Proved Reserves that are categorized as “Undeveloped Reserves” in the PRMS.
Examples of Developed Producing Reserves in a sentence
On or prior to the date that is sixty (60) days following the Effective Date, the Borrower and each Restricted Subsidiary shall enter into and maintain Swap Agreements with one or more Approved Counterparties the notional volumes for which are not less than fifty percent (50%) of the Projected Volume of such Person’s total Proved Developed Producing Reserves for a period beginning on the date that is sixty (60) days following the Effective Date and ending on the first anniversary of the Effective Date.
Developed Producing Reserves are expected to be recovered from completion intervals that are open and producing at the time of the estimate.
More Definitions of Developed Producing Reserves
Developed Producing Reserves means oil and gas mineral interests that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Producing Reserves”.
Developed Producing Reserves. “Proved Developed Reserves” shall mean Proved Reserves that, in accordance with Petroleum Industry
Developed Producing Reserves or (b) “Developed Non-Producing Reserves”; and Proved Developed Reserves in the aggregate comprise Proved Reserves that are “Developed Producing Reserves” and “Developed Non-Producing Reserves”.
Developed Producing Reserves means those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they
Developed Producing Reserves means Proved Reserves which are categorized as ---------------------------- both "Developed" and "Producing" in the Definitions, "Proved Developed ---------------- Nonproducing Reserves" means Proved Reserves which are categorized as both --------------------- "Developed" and "Nonproducing" in the Definitions,and "Proved Undeveloped ------------------ Reserves" means Proved Reserves which are categorized as "Undeveloped" in the -------- Definitions.
Developed Producing Reserves. (b) “Developed Non-Producing Reserves” or (c) “Undeveloped Reserves”. “PV-9” means, on any date of determination, with respect to any Proved Reserves expected to be produced from any Borrowing Base Properties, the net present value, discounted at 9% per annum, of the future net revenues expected to accrue to the Borrower’s and the other Group Member’s collective interests in such Proved Reserves during the remaining expected economic lives of such reserves, calculated in accordance with the most recent bank price deck provided to the Borrower by the Administrative Agent. “Qualified ECP Counterparty” means in respect of any Swap Agreement, a Guarantor that (a) has total assets exceeding $10,000,000 at the time any guaranty of obligations under such Swap Agreement or grant of the relevant security interest becomes effective or (b) otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act. “Qualified Equity Interests” shall mean any Equity Interests of the Borrower other than Disqualified Capital Stock. “Qualified Keepwell Provider” means, in respect of any Swap Obligation, each Guarantor that, at the time the relevant guarantee (or grant of the relevant security interest, as applicable) becomes effective with respect to such Swap Obligation, has total assets exceeding $10,000,000 or otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such time by entering into a keepwell or guarantee pursuant to Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Redemption” means with respect to any Indebtedness, the repurchase, redemption, prepayment, repayment, payment of interest, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Indebtedness. “Redeem” has the correlative meaning thereto. “Redetermination Date” means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). “Reference Period” has the meaning assigned to such term in the definition of “EBITDAX”. “Refinance” shall have the meaning provided in the definition of “Permitted Refinancing Indebtedness.” “Register” has the meaning assigned to such term in Section 12.04(b)...