Examples of SEC pricing in a sentence
Metal Prices were based on SEC pricing guidelines (which at the time of the 2010 report were US$2.91/lb Cu, US$26.85/lb Co and US$1,175/tonne ZnSO4H2O).
To estimate economically recoverable oil and gas reserves and related future net cash flows, we consider many factors and assumptions including, but not limited to, the use of reservoir parameters derived from geological, geophysical and engineering data which cannot be measured directly, economic criteria based on current costs and SEC pricing requirements, and forecasts of future production rates.
This summary is based on a valuation of proved reserves using discounted cash flows based on SEC pricing applicable for each year, costs and economic conditions and a 10% discount rate.
Metal Prices are based on SEC pricing guidelines (which at the time of the 2010 report were $2.91/lb Cu, $26.85/lb Co and $1,175/tonne ZnSO4H2O).
Probable and possible reserves prepared internally using SEC pricing and reserve methodology.
At the request of Antero, we have prepared an audit of the estimates of net possible oil, condensate, NGL, and natural gas reserves and present worth, as of December 31, 2012, prepared by the engineering staff of Antero for the same properties assuming rejection of ethane during NGL processing, referred to as the “Ethane Rejection Sensitivity Case.” As of December 31, 2012, ethane recovery was economic at SEC pricing; by the completion of our audit, however, ethane recovery had become uneconomic.
Note: Unless otherwise stated, market data as of 5/2/2012, Proved Reserves and PV-10 figures based on SEC pricing ($98.15/Bbl and $3.71/MMBtu) as of 3/31/12; all numbers are pro-forma for Baytex acquisition, $450 million debt financing and expected equity issue; Magnum Hunter is a successful efforts method of accounting company.
At the request of Antero, we have prepared an audit of the estimates of net proved oil, condensate, NGL, and natural gas reserves and present worth, as of December 31, 2012, prepared by the engineering staff of Antero for the same properties assuming rejection of ethane during NGL processing, referred to as the “Ethane Rejection Sensitivity Case.” As of December 31, 2012, ethane recovery was economic at SEC pricing; by the completion of our audit, however, ethane recovery had become uneconomic.
At the request of Antero, we have prepared an audit of the estimates of net probable oil, condensate, NGL, and natural gas reserves and present worth, as of December 31, 2012, prepared by the engineering staff of Antero for the same properties assuming rejection of ethane during NGL processing, referred to as the “Ethane Rejection Sensitivity Case.” As of December 31, 2012, ethane recovery was economic at SEC pricing; by the completion of our audit, however, ethane recovery had become uneconomic.
To estimate economically recoverable proved oil and gas reserves and related future net cash flow and present values, we consider many factors and assumptions including, but not limited to, the use of reservoir and reserve and production parameters derived from geological, geophysical and engineering data that cannot be measured directly, economic criteria based on current costs and SEC pricing requirements, and forecast of future production rates.