FUTURE NET definition

FUTURE NET. REVENUES" shall mean, for any period, the future gross revenues attributable to all or a part (as specified herein) of Proved Reserves constituting part of the Hydrocarbon Properties for such period less the sum for such period of all projected Operating Expenses and Capital Expenditures with respect thereto, as set forth in the related Borrowing Base Report, and less (without duplication) all amounts projected to be applied to the discharge of any Production Payment and to the unearned balance of any advance payment received under any contract to be performed relating to such Proved Reserves.
FUTURE NET. REVENUES" shall mean, as of any date of determination for any period, the projected gross revenues attributable to all or a part (as specified herein) of Proved Reserves constituting part of the Hydrocarbon Properties included in the Reserve Evaluation Report for such period less the sum for such period of all projected Operating Expenses and Capital Expenditures with respect thereto, as set forth in the related Reserve Evaluation Report, and less (without duplication) all amounts projected to be applied to the discharge of any advance payments on similar agreements with respect to hydrocarbons in place and to the unearned balance of any advance payment received under any contract to be performed relating to such Proved Reserves.

Examples of FUTURE NET in a sentence

  • EFFECTIVE DECEMBER 31, 1998 FOR DISCLOSURE TO THE SECURITIES AND EXCHANGE COMMISSION WILLIAMSON PROJECT 9.8740 NET RESERVES AND FUTURE NET REVENUE FROM REPORTS PREPARED BY WILLIAMSON PETROLEUM CONSULTANTS, INC.

  • IF YOU EXERCISE YOUR ONE TIME CONVERSION RIGHT, WE WILL AUTOMATICALLY ALLOCATE ALL FUTURE NET PREMIUMS TO THE GENERAL ACCOUNT.

  • YOUR RIGHT YOU MAY CHANGE THE ALLOCATION OF FUTURE NET PREMIUMS AMONG THE GENERAL ACCOUNT TO CHANGE AND/OR THE DIVISIONS OF SEPARATE ACCOUNT ELEVEN SUBJECT TO THE CONDITIONS OUTLINED ALLOCATION IN THE ALLOCATION OF THE NET PREMIUMS PROVISION.

  • Gas FUTURE NET INCOME - $M INTEREST Condensate Products Gas $/bbl.

  • THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW.

  • UNCERTAINTY OF RESERVE INFORMATION AND FUTURE NET REVENUE ESTIMATES.

  • RESERVES AND FUTURE NET REVENUE The following is a summary of the oil and natural gas reserves and the net present values of future net revenue of West Isle Energy Inc.

  • There are two major sources of logic faults in FPGA systems: cosmic radiation and manufacturing/ operating imperfections.Since the size of radiation particles is usually small when compared to the size of modern FPGA CLBs, we selected a cosmic radiation fault model that follows uniform distribution of independent (non-correlated) failures.

  • PeriodNumber of Wells Period DEDUCTIONS - $M FUTURE NET INCOME BEFORE INCOME TAXES-$M PeriodOperating Costs Export Tariff & Property TaxesDevelopment Costs Transportation Total INITIAL FINAL REMARKS .

  • NI 51-101, the reporting issuer must obtain the written consent of the qualified reserves evaluator or auditor to disclose his or her identity in response to section 3 of this Item.PART 4 RECONCILIATIONS OF CHANGES IN RESERVES AND FUTURE NET REVENUEItem 4.1 Reserves Reconciliation1.

Related to FUTURE NET

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