Oil and Natural Gas Properties definition

Oil and Natural Gas Properties or "Properties" means the working, royalty or other interests of AOG in any petroleum and natural gas rights, tangibles and miscellaneous interests, including properties which may be acquired by AOG from time to time;
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Oil and Natural Gas Properties means the working, royalty or other interests of Peyto from time to time in any petroleum and natural gas rights, tangibles and miscellaneous interests, including the properties in which Peyto has an interest as at the date hereof, and properties which may be acquired by Peyto at a future date, and including the Direct Royalties;
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Oil and Natural Gas Properties or “Properties” means the working, royalty or other interests of Canetic or any affiliate of the Trust from time to time in any petroleum and natural gas rights, tangibles and miscellaneous interests, including properties which may be acquired by any affiliates of Canetic at a future date including pursuant to the Arrangement.
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Examples of Oil and Natural Gas Properties in a sentence

  • Oil and Natural Gas Properties The Company follows the successful efforts accounting method for its oil and natural gas properties.

  • Oil and Natural Gas Properties The Company follows the successful efforts method of accounting for oil and natural gas properties.

  • As independent public accountants, we hereby consent to the incorporation by reference into this registration statement of our report dated October 27, 2000 on the Statements of Revenues and Direct Operating Expenses for the Oil and Natural Gas Properties of Central Resources, Inc.

  • Acquisition of Chisholm Energy Operating, LLC and Chisholm Energy Agent, Inc (collectively “Chisholm”) - Valuation of Proved Oil and Natural Gas Properties As described in Note 4 to the consolidated financial statements, $633.5 million was allocated to proved oil and natural gas properties related to the purchase price of Chisholm on February 15, 2022.

  • Oil and Natural Gas Properties The Company follows the full-cost method of accounting for its oil and natural gas properties.

  • Proved Oil and Natural Gas Properties The Company uses the successful efforts method of accounting for its oil and natural gas producing activities.

  • Unproved Oil and Natural Gas Properties Unproved properties and the related costs are transferred to proved properties when reserves are discovered on, or otherwise attributed, to the property.

  • Oil and Natural Gas Properties The Company follows the successful efforts method of accounting for its oil and natural gas operations.

  • Oil and Natural Gas Properties Depreciation, depletion, amortization and accretion (“DD&A”) of capitalized costs of proved oil and natural gas properties is computed using the unit-of-production method on a field level basis using total estimated proved reserves.

  • Impairment of Oil and Natural Gas Properties The cost of proved oil and natural gas properties are assessed on a field-by-field basis for impairment at least annually or whenever events and circumstances indicate that a decline in the recoverability of their carrying value may have occurred.


More Definitions of Oil and Natural Gas Properties

Oil and Natural Gas Properties or "properties" means the working, royalty or other interests of Baytex, AmalgamationCo or Crew, as the case may be, in any petroleum and natural gas rights, tangibles and miscellaneous interests, including properties which may be acquired by Baytex, AmalgamationCo or Crew, as the case may be, from time to time;
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Oil and Natural Gas Properties or “Properties” means the working, royalty or other interests of the Corporation from time to time in any petroleum and natural gas rights, tangibles and miscellaneous interests, and including the Direct Royalties acquired by the Trust from time to time;
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Related to Oil and Natural Gas Properties

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Oil and gas means petroleum, natural gas and other related hydrocarbons or minerals or any of them and all other substances produced or extracted in association therewith.

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.