Lease Operating Expenses means the actual costs incurred to bring the subsurface minerals (oil, natural gas, and natural gas liquids) up to the surface and convert them to marketable products. Lease operating expenses refers to the costs of operating the wells and equipment. "Lease operating expenses" includes actual costs of labor, fuel, utilities, materials, rent or supplies, which are directly related to the production, processing, or transportation of oil, natural gas, natural gas liquids, or any combination thereof and that can be documented by the producer. For the purposes of this calculation, depreciation, depletion, extraordinary expenses, ad valorem taxes, capital expenditures, intangible drilling costs, expenditures relating to vehicles or other tangible personal property not permanently used in the production of oil, natural gas, natural gas liquids, or any combination thereof shall not be included as lease operating expenses.
Lease Operating Expenses means such expenses of the Company and its Subsidiaries, calculated on a per Mcfe basis, relating to the costs of maintaining and operating property and equipment on a producing oil and natural gas lease, as determined under the Company’s standard accounting procedures and reported in its financial statements, and as adjusted to exclude workovers.
Lease Operating Expenses means any and all costs and expenses properly charged by the operator of the Xxxxx pursuant to the applicable operating agreement governing operations on such Xxxxx.
Examples of Lease Operating Expenses in a sentence
For purposes of this Lease, "Operating Expenses" shall mean all operating expenses of any kind or nature which are necessary, ordinary, or customarily incurred in connection with the operation and maintenance or repair of all or a portion of the Building and Premises.
Tenant acknowledges that, pursuant to the CFDs, CFD Assessments may be levied on the Project and that, without limiting the generality of any other provision contained in this Lease, Operating Expenses shall include such CFD Assessments.
The following table summarizes our expenses for the periods indicated: Lease Operating Expenses.
For the purpose of this Lease, Operating Expenses shall mean the total amounts incurred or paid by Landlord in connection with the ownership, management, maintenance, repair, replacement and operation of the Building.
Lease Operating Expenses Lease operating expenses increased $390,806 due to the overall increases in production from our acquisition and development activities.
More Definitions of Lease Operating Expenses
Lease Operating Expenses means, for any month, direct out-of-pocket costs and expenses incurred during such month by the Company to operate and maintain the xxxxx located on the Company's Oil and Gas Properties, including fixed overhead costs payable under applicable operating agreements. Without limiting the foregoing, Lease Operating Expenses shall not include any land and legal fees incurred by the Company, leasehold, seismic or other property acquisition costs, or costs to drill, test, complete, equip, deepen, sidetrack, recomplete or plug and abandon any well or internal overhead costs.
Lease Operating Expenses means, with respect to a Performance Cycle, the day to day costs incurred by the Company and its subsidiaries to maintain production of natural gas, NGLs and oil (including, without limitation, utilities, direct labor, water injection and disposal, the cost of CO2 injection, materials and supplies, compression, repairs and workover expenses).
Lease Operating Expenses means expenses of the Rooster Opcos incurred to pay for operating xxxxx and equipment on producing lease(s) including, as related to such lease(s), (i) all costs and expenses of producing and disposing of minerals, including the separating, dehydrating, treating, processing, compressing, metering, gathering, transporting, and marketing of such minerals; (ii) the costs incurred for filings or applications with, or bonds or guarantees posted for the benefit of, any Governmental Authority; (iii) all taxes (except severance and other similar production taxes) and (iv) any other amounts that Lender agrees to treat as Lease Operating Expenses hereunder.
Lease Operating Expenses means the actual costs incurred to bring the subsurface
Lease Operating Expenses means, with respect to any Oil and Gas Interests, any costs customarily classified as operating expenses in accordance with GAAP and consistent with past practices incurred with respect to such Oil and Gas Interests after such Oil and Gas Interests have commenced production of Hydrocarbons.
Lease Operating Expenses means those expenses set forth in the Reserve Report delivered at Closing and made a part of the Contract Operating Agreement, unless otherwise specified in the Schedule.
Lease Operating Expenses means the lease operating expenses attributable to the Properties allowed under the applicable Operating Agreements and/or the Contract Operating Agreements (and calculated in accordance with COPAX), xut not to exceed, in the aggregate, on an average per well basis, those monthly amounts set forth in Exhibit 22 hereto, and, if applicable, one-time extraordinary maintenance expense items customary for properties similar