Remaining Reserves definition

Remaining Reserves means, in relation to each Borrowing Base Asset and any date, the quantities of Petroleum forecast in the then current Projection to be produced by that Borrowing Base Asset in the period from that date up to (and including) the Abandonment Date for such Borrowing Base Asset (as determined in accordance with Clause 7 (Projections)).

Remaining Reserves means, on any date, the aggregate amount of Hydrocarbons to be produced from all Borrowing Base Assets from such date up to (and including) the last Abandonment Date, as projected by the most recent Banking Case delivered under ARTICLE 3.

Remaining Reserves means, as of the date of any determination, all of the PDP Reserves projected to be attributable to the Subject Interests (whether attributable to the Production Payment or to Working Interest Owner's retained interests) after such date for the remaining expected productive life thereof.

Examples of Remaining Reserves in a sentence

• Through its survey data, reporting and analysis, it has the ability to both capture world public opinion and influ- ence global perceptions.

• The Liquidation Trustee shall pay Plan administration costs, costs of holding and liquidating any non-Cash property, and costs of prosecution of any and all Rights of Action held by the Liquidation Trust, including but not limited to taxes and professional fees, from the funds in the Liquidation Trust Expense Reserve and the Liquidation Trust, excluding funds in the Remaining Reserves.

• RR = Remaining Reserves, remaining at the beginning of the calculation Year, as determined by the Contractor quantified based on the methodology established by CNH.

• The Liquidation Trustee may, in the exercise of his or her business judgment, transfer any unused portion of the Remaining Reserves to the Liquidation Trust prior to the resolution of all Disputed Claims with a priority senior to an Allowed General Unsecured Claim, provided that the Trustee maintains sufficient Cash in the Remaining Reserves to fully pay any such Disputed Claims.

• The Liquidation Trustee may, in the exercise of his or her business judgment, transfer any unused portion of the Remaining Reserves to the general fund of the Liquidation Trust prior to the resolution of all Disputed Claims with a priority senior to an Allowed General Unsecured Claim, provided that the Trustee maintains sufficient Cash in the Remaining Reserves to fully pay any such Disputed Claims.

More Definitions of Remaining Reserves

Remaining Reserves means, as of the date of any determination, the Risk Adjusted Proved Reserves of Hydrocarbons projected to be attributable to the Subject Interests in Exhibit A without regard to the Production Payment. As used in this Section 3, "Risk Adjusted Proved Reserves" means proved reserves of Hydrocarbons which, after adjustments by Grantee based on Grantee's assessment of risk, can be estimated with reasonable certainty to be recoverable under economic conditions existing at the time of determination.

Remaining Reserves means, in relation to each Hydrocarbon Interest in Turkey and any date, the quantities of Hydrocarbons forecast in the then current Reserve Report to be produced by that Hydrocarbon Interest in the period from that date up to (and including) the Abandonment Date shown in such Reserve Report for such Hydrocarbon Interest.

Remaining Reserves means, as of the date of any determination, the PDP Reserves projected to be attributable to the Subject Interests (i.e., both the Production Payment Hydrocarbons and the Retained Interest Hydrocarbons) after such date for the remaining expected productive life thereof. For the purpose of calculating Remaining Reserves, the sales prices of the Oil to be produced from each Subject Interest will be assumed to be the NYMEX Strip Price for Oil as calculated on the date of determination. Calculations of Remaining Reserves will otherwise be based on the then most recent Reserve Report, after disregarding any reserves shown in such Reserve Report that have actually been produced on or before the date of determination of such Remaining Reserves.

Remaining Reserves means, as of the date of any determination, the Risk Adjusted Proved Reserves of Hydrocarbons projected to be attributable to the Subject Interests without regard to the Overriding Royalty. As used in this Section 5, "Risk Adjusted 5 <PAGE> 58 Proved Reserves" means proved reserves of Hydrocarbons which, after adjustments by Grantee based on Grantee's assessment of risk, can be estimated with reasonable certainty to be recoverable under economic conditions existing at the time of determination. For the purpose of calculating Tail Reserves and Remaining Reserves, Oil shall be converted to Gas at a ratio of one Barrel of Oil to six MMBtus of Gas.

Remaining Reserves in relation to any Determination Period, the total quantities of reserves forecast in the then-current Reserves Criteria to be produced from the Borrowing Base Assets in that Determination Period and each subsequent Determination Period which ends on or before the Field Life End Date;

Remaining Reserves means, in relation to the Project and any Calculation Period, the total quantities of Petroleum reserves forecast in the then current Projection to be derived from the Project in that Calculation Period and each subsequent Calculation Period which ends on or before the Field Life End Date for the Huntington Petroleum Field.

Remaining Reserves. SALE AND PURCHASE AGREEMENT THIS AGREEMENT is entered into effective January 1, 1995, by and among DEVON ENERGY CORPORATION (NEVADA), a Nevada corporation ("Seller"); NS GAS PROPERTIES, INC., a Virginia corporation ("Buyer"); DEVON ENERGY CORPORATION, a Delaware corporation ("Devon Delaware"); NORFOLK SOUTHERN CORPORATION, a Virginia corporation ("Norfolk"); and NORFOLK SOUTHERN PROPERTIES, INC., a Virginia corporation ("Properties"). In consideration of the mutual covenants contained herein and the benefits to be derived by each party hereunder, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: