Light Oil assets definition

Light Oil assets means the interests of Athabasca in approximately 204,000 net acres of land as at December 31, 2021, primarily located in northwestern Alberta, which includes the Kaybob assets, Placid assets and Light Oil Exploration Areas.
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Light Oil assets means the interests of Athabasca in approximately 98,000 net acres of land as at December 31, 2023, primarily located in northwestern Alberta, which includes the Kaybob JDA assets, Kaybob 100% assets and Light Oil Exploration Areas.
Sample 1
Light Oil assets means the interests of Athabasca in approximately 484,000 net acres of land as at December 31, 2015, primarily located in northwestern Alberta, which includes the Kaybob, Placid and Light Oil Exploration Areas.
Sample 1

Examples of Light Oil assets in a sentence

  • In 2016, Athabasca entered into a joint venture to advance development of its Light Oil assets.

  • During the year ended December 31, 2016, Athabasca de-recognized $460.9 million of PP&E primarily relating to the Light Oil assets sold to Murphy (Note 7).

  • For the year ended December 31, 2016, Athabasca de-recognized $253.1 million of E&E relating to the Royalty sold to Burgess and$0.6 million of E&E relating to the Light Oil assets sold to Murphy (Note 7).

  • The risk factors used for identifying HMOs are as follows: • No current CTRS (Council Tax Reduction Scheme) recipient at address: A property not receiving CTRS is estimated to be 3.1 (1.1 to 9.1, p=95%) times more likely to be HMO status than a property receiving CTRS.

  • During the year ended December 31, 2016, Athabasca de-recognized $460.9 million of PP&E primarily relating to the Light Oil assets sold to Murphy (Note 10).

  • For the year ended December 31, 2016, Athabasca de-recognized $253.1 million of E&E relating to the Royalty sold to Burgess and$0.6 million of E&E relating to the Light Oil assets sold to Murphy (Note 10).

  • During the six months ended June 30, 2016, Athabasca de-recognized $104.5 million of E&E relating to the Contingent Bitumen Royalty sold to Burgess and $0.6 million of E&E relating to the Light Oil assets sold to Murphy (Note 6).

  • The following table summarizes the net proceeds from the sale of assets to Murphy: Cash proceedsCapital-carry receivable (discounted) (Note 10) Transaction costs and purchase price adjustments$ 267,479188,648(5,664)Net proceeds from sale of assets to Murphy$ 450,463 As at December 31, 2016, Athabasca has de-recognized $460.5 million of PP&E, $0.6 million of E&E and $6.3 million in decommissioning obligations relating to the Light Oil assets sold to Murphy.

  • Athabasca’s light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and NGL reserves are all associated with Athabasca’s Light Oil assets.

  • During the six months ended June 30, 2016, Athabasca de-recognized$463.7 million of PP&E and $0.7 million of E&E relating to the Light Oil assets sold to Murphy.


More Definitions of Light Oil assets

Light Oil assets means the interests of Athabasca in approximately 233,480 net acres of land as at December 31, 2016, primarily located in northwestern Alberta, which includes the Kaybob, Placid and Light Oil Exploration Areas.
Sample 1
Light Oil assets means the interests of Athabasca in over 2.7 million net acres of land as at December 31, 2013, primarily in northwestern Alberta, which includes the Kaybob Area, Saxon/Placid Area and the Light Oil Exploration Areas.
Sample 1

Related to Light Oil assets

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Field emission equipment means equipment which uses an x-ray tube in which electron emission from the cathode is due solely to the action of an electric field.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Transportation equipment means any of the following:

  • Farm winery means an establishment (i) located on a farm in the Commonwealth with a producing

  • Additional Assets means (1) any property or other assets used or useful in a Similar Business, (2) the Capital Stock of a Person that becomes a Restricted Subsidiary of the Issuer as a result of the acquisition of such Capital Stock by the Issuer or another Restricted Subsidiary or (3) Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary of the Issuer; provided, however, that any Restricted Subsidiary described in clause (2) or (3) above is engaged in a Similar Business.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • Program Assets means any assets, goods or property (real, tangible or intangible) purchased or financed in whole or in part (directly or indirectly) by MCC Funding.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Oil ’ means oil of any kind or in any form, including, but not limited to, petroleum, fuel oil, sludge, oil refuse, and oil mixed with wastes other than dredged spoil;

  • Fuel burning equipment means any furnace, boiler, apparatus, stack and all associated equipment, used in the process of burning fuel.

  • Pipelines has the meaning set forth in the Recitals.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Industrial Property – means property used for construction, repair, trade or manufacturing, production, assembly or processing of finished or partially finished products from raw materials or fabricated parts on such a large scale that capital and labour are significantly involved, and includes any office or other accommodation on the same property, the use of which is incidental to such activity;

  • Winery means a business conducted by any person for

  • General Assets shall have the meaning given it in Section 3.6(a) hereof;

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Production equipment (1 7 9) means tooling, templates, jigs, mandrels, moulds, dies, fixtures, alignment mechanisms, test equipment, other machinery and components therefor, limited to those specially designed or modified for "development" or for one or more phases of "production".