Reserve Replacement Ratio definition

Reserve Replacement Ratio or “RRR” means a ratio calculated with a numerator consisting of additions to reserves for the Plan Year plus any reserve adjustments for the Plan Year, whether positive or negative, with a denominator equal to the depletion of reserves for the Plan Year, including any sales of reserves. All reserves shall be calculated based on Newmont Mining’s equity share. The calculation of RRR and the determination of RRR for the Plan Year shall be determined by the Company and approved by the Compensation Committee of Newmont Mining.
Sample 1
Reserve Replacement Ratio or “RRR” means a ratio calculated with a numerator consisting of additions to reserves for the calendar year plus any reserve adjustments for the calendar year, whether positive or negative, with a denominator equal to the depletion of reserves for the calendar year. Both the numerator and denominator exclude any acquisition or sale of reserves. All reserves shall be calculated based on Newmont Mining’s equity or economic interest, as applicable.
Sample 1
Reserve Replacement Ratio means the percentage computed by dividing the Changes in Proved Reserves of petroleum liquids and natural gas during the year in question (before production) by a Corporation's and its Equity Affiliates' reported total number of barrels of oil equivalent (BOE) of petroleum liquids and natural gas produced and consumed during that year. (6 Mcf = 1BOE).
Sample 1

Examples of Reserve Replacement Ratio in a sentence

  • The Company’s Reserve Replacement Ratio was 469% for 1P reserves and 763% for 2P reserves.

  • Source: EV reporter, Reserch & Markets Reports, Mordor Intelligence, CEEW Press release, Įive Mint News Release Source: Neogen Chemical Disclaimer: These logos/Trademark/Copyrights used in the note are used for the purpose of presentation only DSP Mutual Fund does not have any ownership or claimable rights over these Įogos/Trade Mark and Copyrights, these are owned by the respective companies ENER GY ONGC's Reserve Replacement Ratio (RRR) is declining sharply.

  • The Reserve Replacement Ratio (RRR) ratio is the ratio of added reserves of oil and gas over a period of time and amounts recovered.

  • The objectives of the vision, inter alia, are:• To undertake a total appraisal of Indian sedimentary basins for tapping the hydrocarbon potential and to optimise production of crude oil and natural gas in the most efficient manner so as to have Reserve Replacement Ratio (RRR) of more than 1.• To keep pace with technological advancement and application and be at the technological forefront in the global exploration and production industry,• To achieve as near as zero impact, as possible, on environment.

  • The Reserve Replacement Ratio for oil is 52%, meaning the discovered reserves is not sufficient to replace current level of annual oil production.

  • Combined with a Reserve Replacement Ratio (RRR) of less than one (see section 6.4 “Oil and gas supply/demand balance), indicating that new reserves are less than the production, and the limited growth in the major‟s access to new acreage, the oil companies have to increase the production from existing fields.

  • We are also expecting a futuristic mechanism for sharing of these under-recoveries to be in place soon.Performance During FY’10, your Company accreted, from its domestic acreages, ultimate reserves of 82.98 million tonnes of oil and oil equivalent gas (MTOE); the highest in last two decades.Organic Reserve Replacement Ratio (RRR) at 1.74 has also been the highest in last two decades.

  • ONGC made 22 oil and gas discoveries and made cumulative reserve accretion of 61.05 Million Metric Tonnes of Oil Equivalent (MMTOE) on 2P basis.We also have a robust pipeline of future hydrocarbon supplies reflected in our Reserve Replacement Ratio (RRR) of 1.38 with 2P reserves.

  • ONGC said its Reserve Replacement Ratio (2P) from domestic fields (excluding joint venture fields) was 1.01.

  • If more than twenty-five (25%) percent of the floor area of the Leased Premises is taken by Condemnation, either Landlord or Tenant may terminate this Lease as of the date the condemning authority takes title or possession by notice in writing of such election within twenty (20) days after Landlord shall have notified Tenant of the taking or, in the absence of such notice, then within twenty (20) days after the condemning authority shall have taken possession.


More Definitions of Reserve Replacement Ratio

Reserve Replacement Ratio means, for a given year, total additions to proved reserves divided by production during the year.
Sample 1
Reserve Replacement Ratio means, for a given year, total additions to proved reserves, which consist of additions from purchases, discoveries and extensions and revisions of prior reserve estimates, divided by production during the year. Reserve additions used in this calculation are proved developed and proved undeveloped reserves; unproved reserve additions are not used. Data used in the calculation of reserve replacement ratio is derived directly from the reserve quantity reconciliation prepared in accordance with U.S. Accounting Standards Codification 932-235-50, which reconciliation is included in “Supplementary Information on Oil and Gas Producing Activities” beginning on page F-81 of this annual report.
Sample 1

Related to Reserve Replacement Ratio

  • Replacement Rate has the meaning assigned thereto in Section 4.2.(b).

  • Adjustment ratio means the value of index A divided by index

  • Loss Reserve Ratio means, for any Calculation Period, the product of (a) the Stress Factor, (b) the highest three-month average, during the twelve-month period ending on the most recent Month End Date, of the Default Ratio and (c) the Loss Horizon Ratio for such Calculation Period.

  • Reserve Requirement means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on Eurocurrency liabilities.

  • Dilution Reserve Ratio means, as of any date, an amount calculated as follows: DRR = [(2.25 x ADR) + [(HDR-ADR) x (HDR/ADR)]] x DHR where: DRR = the Dilution Reserve Ratio; ADR = the average of the Dilution Ratios for the past twelve Collection Periods; HDR = the highest average of the Dilution Ratios for any three consecutive Collection Periods during the most recent twelve months; and DHR = the Dilution Horizon Ratio. The Dilution Reserve Ratio shall be calculated monthly in each Monthly Report and such Dilution Reserve Ratio shall, absent manifest error, be effective from the corresponding Monthly Settlement Date until the next succeeding Monthly Settlement Date.

  • Reference Interest Rate Replacement Adjustment means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • Reference Interest Rate Replacement Date means the earliest to occur of the following events with respect to the then-current Reference Interest Rate

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • Eurodollar Reserve Requirement means, at any time, the maximum rate at which reserves (including, without limitation, any marginal, special, supplemental, or emergency reserves) are required to be maintained under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) by member banks of the Federal Reserve System against "Eurocurrency liabilities" (as such term is used in Regulation D). Without limiting the effect of the foregoing, the Eurodollar Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the Adjusted Eurodollar Rate is to be determined, or (ii) any category of extensions of credit or other assets which include Eurodollar Loans. The Adjusted Eurodollar Rate shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Requirement.

  • Reference Interest Rate Replacement means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • LIBOR Reserve Requirement means, for any LIBOR Loan or Bid Rate Loan, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during the Interest Period for such LIBOR Loan or Bid Rate Loan under Regulation D by member banks of the Federal Reserve System in New York City with deposits exceeding One Billion Dollars ($1,000,000,000) against "Eurocurrency liabilities" (as such term is used in Regulation D). Without limiting the effect of the foregoing, the LIBOR Reserve Requirement shall also reflect any other reserves required to be maintained by such member banks by reason of any Regulatory Change against (1) any category of liabilities which includes deposits by reference to which the LIBOR Base Rate is to be determined as provided in the definition of "LIBOR Base Rate" in this Section 1.01 or (2) any category of extensions of credit or other assets which include loans the interest rate on which is determined on the basis of rates referred to in said definition of "LIBOR Base Rate".

  • LIBOR Reserve Requirements for any day as applied to a LIBOR Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including, without limitation, basic, supplemental, marginal and emergency reserves under any regulations of the Board of Governors of the Federal Reserve System or other Governmental Authority having jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as "Eurocurrency Liabilities" in Regulation D of such Board) maintained by a member bank of such Federal Reserve System.

  • Consolidated Current Ratio means, as of any date of determination, the ratio of Consolidated Current Assets to Consolidated Current Liabilities as of such date.

  • Applicable Reserve Requirement means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined, or (ii) any category of extensions of credit or other assets which include Eurodollar Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement.

  • Excess valuation assets for a valuation period means:

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

  • Eurocurrency Reserve Requirement means the sum (without duplication) of the rates (expressed as a decimal) of reserves (including, without limitation, any basic, marginal, supplemental, or emergency reserves) that are required to be maintained by banks during the Interest Period under any regulations of the Federal Reserve Board, or any other governmental authority having jurisdiction with respect thereto, applicable to funding based on so-called “Eurocurrency Liabilities”, including Regulation D (12 CFR 224).

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Floor Area Ratio (FAR) means the quotient obtained by dividing the total covered area (plinth area) on all floors by the area of plot.