Reserve Definitions definition
Reserve Definitions means, at any time, the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at such time and reasonably acceptable to the Administrative Agent.
Reserve Definitions has the meaning set forth for such term in the definition of “Proved Reserves” herein.
Reserve Definitions means, at any time, the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at such time and acceptable to the Agent.”
Examples of Reserve Definitions in a sentence
The mineral resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
Future prices used in this report are discussed in more detail in the attached "Reserve Definitions and Pricing Assumptions".
More Definitions of Reserve Definitions
Reserve Definitions means (a) the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question and (b) the SEC’s definitions as found in Part 210—Form and Content of and Requirements for Financial Statements, Securities Act of 1933, Securities Exchange Act of 1934, Public Utility Holding Company Act of 1935, Investment Company Act of 1940, Investment Advisers Act of 1940, and Energy Policy and Conservation Act of 1975, under Rules of General Application § 210.4-10 Financial accounting and reporting for oil and gas producing activities pursuant to the Federal securities laws and the Energy Policy and Conservation Act of 1975; provided, however, that, to the extent there is a conflict between any applicable definitions therein, or the details related to such applicable definitions are materially different, then “Reserve Definitions” means the definitions described in (a).