Hydrocarbon Properties definition

Hydrocarbon Properties means rights and interests in Hydrocarbons, produced Hydrocarbons or the proceeds from the sale of Hydrocarbons or any of them and includes all profits a prendre, leasehold interests, working interests, royalty interests, lands, geological horizons and reserves pertaining thereto; all plants, facilities, xxxxx, pipelines, transmission and processing facilities and equipment used or useful in connection with any and all developments and operations in connection therewith; and all agreements and documents in any way affecting or pertaining to those rights and interests.

Hydrocarbon Properties means, without duplication, the Borrower's and Subsidiary Guarantors' interests in hydrocarbon reserves.

Hydrocarbon Properties means interests which one or more of the Obligors have from time to time in hydrocarbon reserves from which hydrocarbons may be severed or extracted in commercially feasible quantities which hydrocarbon reserves have been given value by the Banks in determining the Borrowing Base.

Examples of Hydrocarbon Properties in a sentence

• Each of the Borrower and the Guarantors has in full force and effect such policies of insurance in such amounts issued by insurers of recognized standing insuring its properties and operations and providing such coverage, in the case of the Borrower and each Guarantor that owns any Hydrocarbon Properties, as would be maintained by a prudent oil and gas operator engaged in the same or similar business in the localities where its properties and operations are located.

• Neither the Borrower nor any Guarantor shall own or acquire any Subsidiary with Hydrocarbon Properties or Tangible Property that are to be treated as Borrowing Base Properties unless such Subsidiary, within 30 days of becoming a Subsidiary, becomes a Guarantor pursuant to, and provides the Guarantor Security required by, Section 9.2.

• Certificates of insurance evidencing the existence of all insurance required to be maintained by the Obligors pursuant to Section 9.04 hereof and the designation of the Administrative Agent, if required by Administrative Agent, as agent, as the loss payee thereunder or as an additional insured, as the case may be, in respect of all insurance covering Hydrocarbon Properties.

• Emphasis of Matter Attention is invited to Accounting Policy No.1.07 read with the note no.31 which deals with revised amortisation period adopted in respect of expenditure on Development of Hydrocarbon Properties (DHP) and the consequential impact on the expenditure amortised, increase in profit before tax, managerial remuneration and provision for tax mentioned therein.

• Various of the Hydrocarbon Properties describe interests before a payout (“BPO”) or after a payout (“APO”).

More Definitions of Hydrocarbon Properties

Hydrocarbon Properties means (a) Leases, including the interests and estates in the nature of working or operating interests under Leases, (b) overriding royalties, net profits interests, production payments, carried interests, rights of recoupment and other interests in, under or relating to Leases, (b) fee or mineral interests in Hydrocarbons, (c) royalty interests in Hydrocarbons, (d) any other incorporeal interest in land authorizing the severance and removal of Hydrocarbons, any other interest in Hydrocarbons in place and any other corporeal estate in land with respect to Hydrocarbons, (e) any economic or contractual rights, options or interests in and to any of the foregoing, including any farm-out or farm-in agreement or production payment affecting any interest or estate in Hydrocarbons, and (f) any and all rights and interests attributable or allocable thereto by virtue of any pooling, unitization, communitization, production sharing or similar agreement, order or declaration.

Hydrocarbon Properties means all P&NG Rights, Tangibles and Miscellaneous Interests.

Hydrocarbon Properties means interests which the Borrower and any of its Restricted Subsidiaries may have from time to time in Hydrocarbon reserves from which Hydrocarbons may or may potentially be severed or extracted in commercially feasible quantities.

Hydrocarbon Properties means all real property described in, covered by and subject to the leases, conveyances, agreements and other instruments creating, granting, reserving or otherwise establishing any Hydrocarbon Interest owned by the Company or any of its Subsidiaries.

Hydrocarbon Properties means interests which Canadian Forest or any Subsidiary Borrower has from time to time in hydrocarbon reserves, and interests which Forest has in the Forest Pledged Properties.

Hydrocarbon Properties means the interests (either direct or indirect) of the Borrower in Hydrocarbons prior to severance.

Hydrocarbon Properties means, without duplication, the Company's and the Company's Subsidiaries' interests in hydrocarbon reserves.