Reserve life definition

Reserve life means the calculation derived by dividing year-end reserves by total production in that year.
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Reserve life means the calculation derived by dividing year-end reserves
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Reserve life means the ratio of proved reserves to annual production of crude oil or, with respect to natural gas, to wellhead production excluding flared gas, also known as reserve-to-production ratio;
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Examples of Reserve life in a sentence

  • Terms which describe the productive life of a property or group of properties• Reserve life.

  • This network is an ambitious attempt to respond to patterns of violations by providing district boards composed of government and civil society representatives to which citizens can complain if they believe their rights have been violated.

  • It is also important in assessing the different factors to consider whether the activity generating the income was “intimately connected to” the Reserve, that is, an “integral part” of Reserve life, or whether it was more appropriate to consider it a part of “commercial mainstream” activity.

  • This alternative was compared to other collector and transport alternatives and may have potential as an upstream collector and transport option (refer to the following paragraphs).

  • Reserve life is indicative and calculated as proven and probable gold reserves (contained metal) divided by gold production for the 12 months ended 30 June 2020.

  • Reserve life is indicative and calculated as proven and probable gold reserves (contained metal) divided by gold production for the 12 months ended 30 September 2016.

  • It may not necessarily affect the bankability of the Project in its start-up phase, given where Esrum sits in the schedule, but does have the potential to lift the Reserve life from the current 14 years to up to 20 years.

  • One further wall lift (Lift 10) is scheduled and is expected to provide enough capacity for the Reserve life of mine.

  • Reserve life for the years ended December 31, 2014, 2013 or 2012 equal the estimated net proved reserves attributable to a property or group of properties divided by production from the property or group of properties for the four fiscal quarters preceding the date as of which the proved reserves were estimated.Terms used to describe the legal ownership of the Company’s oil and gas properties⚫ Royalty interest.

  • Reserve life statistics from Established Energy Resource Reserves.

Related to Reserve life

  • Active life of a facility means the period from the initial receipt of hazardous waste at the facility until the Agency receives certification of final closure.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.