Proved developed producing definition

Proved developed producing means reserves expected to be recovered from currently producing zones under continuation of present operating methods. This category includes recently completed shut-in gas wells scheduled for connection to a pipeline in the near future.
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Proved developed producing means proved reserves that can be expected to be recovered from currently producing zones under the continuation of present operating methods.
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Proved developed producing. (PDP) reserves means those reserves denominated as such and determined in accordance with the methods commonly accepted by the Society of Petroleum Engineers for evaluating oil and gas reserves.
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Examples of Proved developed producing in a sentence

  • Proved developed producing reserves are expected to be recovered from completion intervals that are open and producing at the time of the estimate.

  • See “Non-GAAP Measures and Ratios" and “Forward Looking Information and Statements” section in the Reader Advisories.3. Proved developed producing reserves of 4.9 MMboe at December 31, 2020 consisting of 1.5 MMbbl of light and medium crude oil (31%), 1.2 MMbbl of NGLs (24%) and 13.3 MMcf of natural gas (45%).

  • Proved developed producing coverage ratio, as defined in the Credit Agreement, means as of any date of determination, the ratio of (a) proved developed producing reserves on a pre-tax basis at 10% to (b) the sum of (i) Consolidated Total Debt and (ii) without duplication of clause (a) above, all obligations (after giving effect to any netting requirements) under any swap agreement that such person would be required to pay if the swap agreement was terminated at such time, in each case, as of such date.

  • Proved developed producing coverage ratio for the quarter ended June 30, 2018, based on reserve reports internally prepared by Hemisphere, and each quarter thereafter shall not be less than 1.00 to 1.00.

  • Interest coverage ratio shall not be less than 3.00 to 1.00.2. Total leverage ratio shall not be more than 3.25 to 1.00.3. Minimum average production shall not be less than 1,500 boe/d.4. Proved developed producing coverage ratio, based on reserve reports internally prepared by Hemisphere, shall not be less than 1.00 to 1.00.5. Total proved reserves coverage, based on reserve reports internally prepared by Hemisphere, shall not be less than 1.50 to 1.00.

  • Proved developed producing reserves were projected for the wells (see attached projection graphs).

  • SUMMARY OF OIL AND GAS RESERVES AS OF DECEMBER 31, 2021(Forecast Prices & Costs) ShaMaran's Interest in Reserves(1)(2)(3) Light and Medium Oil (Mbbl) Heavy Oil (Mbbl)ConventionalNatural Gas (MMcf) Natural Gas Liquids (Mbbl)Gross(4)Net(5)Gross(4)Net(5)Gross(4)Net(5)Gross(4)Net(5)Iraq Proved developed producing ....9,3475,1892,2671,259––––Proved developed non–producing ...............................

  • Proved developed producing reserves were estimated based on performance trends.

  • Proved developed producing reserves were 91.7 Bcfe at December 31, 2008, which represented 71% of total proved reserves.

  • Neo Canyon Combined combined historical historical pro forma Reserves—Crude oil & natural gas liquids (MBbls) amounts amounts amounts Reserves at beginning of period 1,086 467 1,553 Extensions and discoveries 339 61 400 Revisions of previous estimates (226) (105) (331) Production (77) (32) (109) Reserves at end of period 1,122 391 1,513 Proved developed producing reserves at end of period 496 170 666 Approach Resources Inc.


More Definitions of Proved developed producing

Proved developed producing. Proved Developed Non Producing", "Proved Developed Behind Pipe", "Proved Developed Shut-in", other "Proved Developed Non Producing" and "Proved Undeveloped", (ii) take into account any "over-produced" status under gas balancing arrangements, and (iii) contain information and analysis comparable in scope to that contained in the Initial Engineering Reports. Accompanying each Engineering Report, the Borrower shall deliver a report reflecting the occurrence of the following events since the date of the most recent Engineering Report:
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Related to Proved developed producing

  • Proved Developed Producing Reserves means Proved Reserves which are categorized as both “Developed” and “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions.

  • Proved Developed Non-Producing Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Non-Producing Reserves.”

  • Proved Developed Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and one of the following: (a) “Developed Producing Reserves” or (b) “Developed Non-Producing Reserves.”

  • Producing means producing, directing, manufacturing, issuing, publishing, or advertising;

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Least developed country end product means an article that—

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • Nicotine product means the same as that term is defined in Section 76-10-101.

  • Proved Undeveloped Reserves means Proved Reserves which are categorized as “Undeveloped” in the Definitions.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Hemp products means all products made from industrial hemp,

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • Tobacco product manufacturer means an entity that after the date of enactment of this act directly (and not exclusively through any affiliate) meets 1 or more of the following:

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Intrascholastic Activities means athletic or non-athletic/academic activities where students compete with students from within the same school.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • Tetrahydrocannabinol or "THC" means the natural or synthetic equivalents of the substances contained in the plant, or in the resinous extractives of, cannabis, or any synthetic substances, compounds, salts, or derivatives of the plant or chemicals and their isomers with similar chemical structure and pharmacological activity.