Production Costs definition

Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

Production Costs means the cost of the following:

Production Costs. (or “operating costs”) means costs incurred to operate and maintain wells and related equipment and facilities, including applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities. Lifting costs become part of the cost of oil and gas produced. Examples of production costs are:

Examples of Production Costs in a sentence

• The balance of General and Administrative Costs and Service Costs not allocated to Exploration Costs or Development Costs shall be allocated to Production Costs.

• All Service Costs shall be regularly allocated as specified in Sections 2.2.5, 2.3.5 and 2.4 to Exploration Costs, Development Costs and Production Costs and shall be separately shown under each of these categories.

• Assignor shall at all times maintain true and correct books and records sufficient to determine the amounts payable to Assignee hereunder, including, but not limited to, a Net Proceeds account to which Gross Proceeds and Production Costs are credited and charged.

• Programme Production CostsProgramme Production Costs, which consist of all costs necessary to produce and complete a programme to be broadcast, are recorded at the lower of direct cost and net realisable value.

• Production Costs are expenditures incurred on Production Operations after the start of production from the Field (which are other than Exploration and Development Costs).

More Definitions of Production Costs

Production Costs means any costs for tangible personal property used and services performed directly and predominantly (including pre-production and post-production) in the production of a qualified commercial. Production costs generally include most `below the line' (A-K and O-U expenditures), such as costs for technical and crew production, use of commercial production facilities and/or location costs, videotape or digital medium, props, makeup, wardrobe, commercial processing, camera, sound recording, set construction, lighting, shooting, editing and meals. Certain types of costs have been specifically excluded from eligibility to be considered production costs. Production costs shall NOT include (i) costs for a story, script or scenario to be used for a qualified commercial and (ii) wages or salaries or other compensation for writers, directors, including music directors, producers, actors and performers (other than background actors with no scripted lines who are employed by a qualified company, and musicians).

Production Costs means Petroleum Costs incurred in Production Operations;

Production Costs means any costs for tangible property used and services performed directly and predominantly (including pre-production and post production) in the production of a qualified film. Production costs shall not include (i) costs for a story, script or scenario to be used for a qualified film and (ii) wages or salaries or other compensation for writers, directors, including music directors, producers and performers (other than background actors with no scripted lines). Production costs generally include technical and crew production costs, such as expenditures for film production facilities, or any part thereof, props, makeup, wardrobe, film processing, camera, sound recording, set construction, lighting, shooting, editing and meals.

Production Costs means all the costs and expenditures incurred by the Contractor when carrying out Production (including those defined in the Accounting Procedure);

Production Costs means all the costs and expenditures incurred by the contractor when carrying out production operations, including those defined in the accounting procedure;

Production Costs means, for any Computation Period, to the extent not excluded for purposes of calculating Gross Proceeds, whether capital or non-capital in nature,

Production Costs means “Production Costs” as defined in that certain Assignment, Conveyance and Assumption Agreement of even date herewith from DHL to the Operating Subsidiary and “Production Costs” (or its substantial equivalent) in any other net profits interest agreement in place between the Partnership and the Operating Subsidiary (or the successor to its assets).