Reserve Value definition

Reserve Value means, for any petroleum and natural gas property at any time, the present worth of all of the estimated pre-tax cash flow net of capital expenditures from the proved plus probable reserves shown in the McDaniel Report for such property, discounted at 10% and using forecast price and cost assumptions (a common benchmark in the oil and natural gas industry).

Reserve Value means the present value of all payments to be made on account of any benefit, using such reasonable rates of interest and tables of experience as the Board of Trustees shall adopt from time to time after consulting with the actuary. The applicable rates and assumptions will be stated in regulations adopted by the Trustees.

Reserve Value means, in respect of a Property, the present worth of all of the estimated pre-tax net cash flow from the Proved Reserves and 50% of the estimated pre-tax net cash flow from the Probable Reserves shown in the most recent engineering report relating to such Property, discounted at 15% per annum and using escalating price and cost assumptions;

Examples of Reserve Value in a sentence

• We have been further advised that the Reserve Value has been established by Pioneer USA and its parent company, Pioneer Natural Resources Company ("Pioneer"), based upon the present value of estimated future net revenues (after certain expenses and charges) from each Partnership's proved oil and gas reserves as of , 1999 utilizing prices of $ per barrel of oil and $ per thousand cubic feet of gas, and a discount rate of %, (the "Reserve Analysis").

• We have also been advised that the Reserve Value and Working Capital Balance of each Partnership has been properly allocated between Pioneer USA and Limited Partners of each Partnership in accordance with the Partnership Agreement with respect to a liquidation of such Partnership.

• We have been further advised that , an independent petroleum engineering firm, has reviewed the Reserve Analysis of each Partnership and has issued a report thereon confirming the determination of the Reserve Value (the "Consultant's Report").

• The industry began with open account contracts where growers were offered credit so that they could purchase inputs (chicks and feed) and construct facilities.

• If no Nominated Beneficiary survives the Member, the Reserve Value of the remainder Pension payments shall be paid to the Member’s estate.

More Definitions of Reserve Value

Reserve Value means the sum of Probable Ore Reserves and Proved Ore Reserves (in tons) owned by or available to be mined by Vista Sand and confirmed by the most recent Reserve Report prepared by an Approved Engineer. Notwithstanding the foregoing, such Probable Ore Reserves and Proved Ore Reserves shall only be included in the Reserve Value if (x) the weighted average sales price per ton (as determined by Vista Sand) for Vista Sand’s contracts for the sale of Probable Ore Reserves and Proved Ore Reserves exceeds (y) the “cost per ton of sand mined” (as defined in the applicable Reserve Report with reasonable reference to recent actual cost) for such Probable Ore Reserves and Proved Ore Reserves by at least $15 per ton.

Reserve Value means value of the land included in the Database by Pakistan Post as evaluated on the basis of the rates available from Deputy Commissioner, Federal Board of Revenue, State Bank Evaluator and open market.

Reserve Value means, at the commencement of each Business Day, an amount equal to:

Reserve Value means, in respect of any Property at any time, the present worth at such time of all of the estimated pre-tax net cash flows from Proved Reserves and fifty percent (50%) of the estimated pre-tax net cash flows from Probable Reserves as shown in the most recent independent engineering report relating to such Property, adjusted for production since the date of the report, using escalating price and cost assumptions, and discounted at the internal rate of return that is equal to the Discount Rate over the life of Proved Reserves and Probable Reserves, as determined after taking into account any cost of any nature whatsoever associated with such Property;

Reserve Value means, the PV 10 Value of the Oil and Gas Properties of Borrower, as set forth in the Reserve Reports delivered pursuant hereto and adjusted at the date of determination for production, Dispositions of Oil and Gas Properties of Borrower, new discoveries of Hydrocarbons, revisions and extensions and purchases of oil and gas properties occurring since the date of the most recent Reserve Report previously delivered pursuant hereto. For purposes of this calculation, the estimated future production of Proved Developed Producing Reserves shall be multiplied by 100%; the estimated future production of Proved Developed Non-Producing Reserves shall be multiplied by 25%; and the estimated future production of Proved Undeveloped Reserves shall be multiplied by 25%.

Reserve Value means, in respect of any Property at any time, the present worth at such time of all of the estimated pre-tax net cash flows from Proved Reserves and fifty percent (50%) of the estimated pre-tax net cash flows from Probable Reserves as shown in the most recent independent engineering report relating to such Property, adjusted for production since the date 12 Table of Contents of the report, using escalating price and cost assumptions, and discounted at the internal rate of return that is equal to the Discount Rate over the life of Proved Reserves and Probable Reserves, as determined after taking into account any cost of any nature whatsoever associated with such Property;

Reserve Value is defined as the sum of Probable Ore Reserves and Proved Ore Reserves (in tons) owned by or available to be mined by Borrower and confirmed by the most-recent Reserve Report (as defined below). Notwithstanding the foregoing, such Probable Ore Reserves and Proved Ore Reserves shall only be included in the Reserve Value if (x) the weighted average sales price per ton (as determined by Borrower) for Borrower’s contracts for the sale of Probable Ore Reserves and Proved Ore Reserves exceeds (y) the “cost per ton of sand mined” (as defined in the applicable Reserve Report with reasonable reference to recent actual cost) for such Probable Ore Reserves and Proved Ore Reserves by at least $15 per ton.