Reserve Replacement Ratio definition

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.
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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.
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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).
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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.
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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.
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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.