E&P Business definition

E&P Business means the oil and gas exploration, exploitation, development and production business and includes without limitation (a) the ownership of oil and gas property interests (including working interests, mineral fee interests and royalty and overriding royalty interests), (b) the ownership and operation of real and personal property used or useful in connection with exploration for Hydrocarbons, development of Hydrocarbon reserves upon discovery thereof and production of Hydrocarbons from wells located on oil and gas properties and (c) debt of or equity interests in corporations, partnerships or other entities engaged in the exploration for Hydrocarbons, the development of Hydrocarbon reserves and the production and sale of Hydrocarbons.

E&P Business means the oil and gas exploration, exploitation, development and production business and includes without limitation (a) the ownership of oil and gas property interests (including working interests, mineral fee interests and royalty and overriding royalty interests), (b) the ownership and operation of real and personal property used or useful in connection with exploration for Hydrocarbons, development of Hydrocarbon reserves upon discovery thereof and production of Hydrocarbons from wxxxx located on oil and gas properties and (c) debt of or equity interests in corporations, partnerships or other entities engaged in the exploration for Hydrocarbons, the development of Hydrocarbon reserves and the production and sale of Hydrocarbons.

E&P Business shall have the meaning provided in the Assignment Agreement and the Assignment, Assumption, and Indemnity Agreement.

Examples of E&P Business in a sentence

• Simpson Thacher advised Kerr-McGee that it could accomplish this goal – a spinoff would allow Old Kerr-McGee to “get[ ] out from under legacy liabilities.” (PX 3).The Separation of the Chemical Business from the E&P Business The next steps in the separation of the chemical business from the E&P business came to be known as Project Focus.

• Cardiac EP Business Participation Plan In June 2010, the Company adopted a plan to provide a key product development advisor and consultant with financial rewards in the event that the Company sells its business operations relating to catheter-based MRI-guided cardiac ablation to treat cardiac arrhythmias, which the Company refers to as its cardiac EP operations.

• Prior to assuming his position as the Vice President of PMU in June 2010, he was also the Vice President of the E&P Business and had held several technical and general management positions in PETRONAS, PETRONAS Carigali Sdn Bhd and PETRONAS Research and Scientific Services.

• Business Linkages and Strategic Partnerships for the EP Business Plan ZAMTIE worked with the EPCCI to register projects and participants at the Bank of Zambia Agriculture Investment Promotion Conference.

• Net sales from the E&P Business came to ¥73,422 million, a decrease of ¥24,059 million (-24.7%) year on year, mainly due to a decrease in most of the crude oil purchase and sales due to the impact of the net presentation, despite higher sales prices of crude oil and diluted bitumen.

More Definitions of E&P Business

E&P Business means the business involving the exploration for and development of crude oil and natural gas in Western Canada, including all the assets pertaining thereto, which was carried on by Open Range and was transferred to New Open Range pursuant to the Arrangement;

E&P Business has the meaning set forth in Section 7.9(d).

E&P Business means the oil and gas exploration and production business and operations conducted as of the Execution Date (consistent with past practices) by the Company Parties (but excluding the same as they relate to assets excluded pursuant to Section 1.3).

E&P Business means the oil and gas exploration, exploitation, development and production business and includes without limitation (a) the ownership of oil and gas property interests (including working interests, mineral fee interests and royalty and overriding royalty interests), (b) the ownership and operation of real and personal property used or useful in connection with exploration for Hydrocarbons, development of Hydrocarbon reserves upon discovery thereof and production of Hydrocarbons from xxxxx located on oil and gas properties and (c) debt of or equity interests in corporations, partnerships or other entities engaged in the exploration for Hydrocarbons, the development of Hydrocarbon reserves and the production and sale of Hydrocarbons from xxxxx located on oil and gas properties in which the entity conducting the E&P Business owns an interest; but such term does not include the oilfield service business. "Hydrocarbons" means oil, gas or other liquid or gaseous hydrocarbons or other minerals produced from oil and gas xxxxx. "Subsidiaries" means all entities controlled, directly or indirectly, by the Company. Notwithstanding the foregoing, nothing in this Agreement shall prohibit the Company and its subsidiaries from purchasing securities of any class registered under Section 12 of the Securities Exchange Act of 1934 (regardless of the types or locations of businesses in which the issuer thereof engages) if following any such purchase the Company and its subsidiaries own, in the aggregate, less than 5% of such class.

E&P Business means the oil and gas exploration, exploitation, development and production business and includes without limitation (a) the ownership of oil and gas property interests (including working interests, mineral fee interests and royalty and overriding royalty interests), (b) the ownership and operation of real and personal property used or useful in connection with exploration for Hydrocarbons, development of Hydrocarbon reserves upon discovery thereof and production of Hydrocarbons from xxxxx located on oil and gas properties and (c) debt of or equity interests in corporations, partnerships or other entities engaged in the exploration for Hydrocarbons, the development of Hydrocarbon reserves and the production and sale of Hydrocarbons from xxxxx located on oil and gas properties in which the entity conducting the E&P Business owns an interest; but such term does not include the oilfield services business, including the oilfield drilling business. “Hydrocarbons” means oil, gas or other liquid or gaseous hydrocarbons or other minerals produced from oil and gas xxxxx. Standard’s scope of business consists of the pursuit of business opportunities in the oilfield services business, including the oilfield drilling business, together with the pursuit of the Excepted Transactions.

E&P Business means the business and operations conducted with the Assets.

E&P Business means the business and operations conducted by Seller in its ordinary course of business to the extent pertaining to the Assets.