Strip Pricing definition

Strip Pricing means pricing calculated using oil and natural gas price parameters established by current guidelines of the SEC and accounting rules with the exception of pricing that is based on average annual forward-month ICE (Brent) oil and NYMEX Henry Hub natural gas contract pricing in effect on a given date to reflect the market expectations as of that date.
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Strip Pricing means the average closing price over the preceding ninety (90) days prior to the date of the applicable Reserve Report, (a) for the remainder of the then-current calendar year, the average NYMEX Pricing for the remaining months in such calendar year, (b) for each of the succeeding four (4) complete calendar years, the average NYMEX Pricing for the twelve months in each such calendar year, and (c) for the succeeding fifth complete calendar year and each calendar year thereafter, the average NYMEX Pricing for the twelve months in such fifth calendar year.
Sample 1
Strip Pricing means the average closing price over the preceding ninety(90) days prior to the date of the applicable reserve report, (a) for the remainder of the then-current calendar year, the average NYMEX Pricing for the remaining months in such calendar year, (b) for each of the succeeding four (4) complete calendar years, the average NYMEX Pricing for the twelve months in each such calendar year, and (c) for the succeeding fifth complete calendar year and each calendar year thereafter, the average NYMEX Pricing for the twelve months in such fifth calendar year.
Sample 1

Examples of Strip Pricing in a sentence

  • Assumes 6 wells drilled and utilizes SPE definitions and guidelines and 6 - 30 - 16 NYMEX Strip Pricing.

  • No. 1322] (the “Committee’s Strip Pricing Brief’) (referencing the Strip Pricing Protocol); Debtors’ July 11, 2016 Letter [Dkt.

  • The logarithmic effect of these additions is that a constant 60 dBA 24 hour Leq would result in a CNEL of 66.7 dBA.

  • All meetings shall be conducted using parliamentary procedure as designated in the most current version of Robert’s Rules of Order.

  • SEC Reserves of 164 MMBoe at December 31, 2016 with PV-10 of $438 Million (equal to Standardized Measure); Updated Proved Reservesof 184 MMBoe with $946 Million PV-10 at Recent Strip Pricing Acquisition of ~13,100 Net Acres (Including ~700 Boepd of Production) in Woodward County, Oklahoma with Meramec and Osage Focus for $48 Million in Cash, Increasing NW STACK Position to 60,000 Net Acres of Colorado.

  • Haynesville and Mid-Bossier Shale Properties Estimate of Reserves and Revenues Strip Pricing Case “As of” January 1, 2021,” “Harvest Royalties Holdings LP.

  • Year End Proved Reserves Target Year End and Strip Pricing on 12/31/08 $44.60/$5.71 292 $52.88/$6.10 449 $68.21/$7.26 636 -204 MMBOE revision due to price 277 72% PD 28% PUD 15 H-Ville 20 Friesian 54 H-Ville 375 24 Friesian 105 H-Ville 400 24 Friesian 162 H-Ville 450 CAGR 30% NYMEX oil and gas Strip Prices used are illustrated above the respective years and assumes recent historical average differentials of 15%.

  • Nov 23, 2022 Strip Pricing Lloydminster heavy oil prices = CAD WCS – $5.50/bbl Central Alberta light oil prices = CAD MSW * 97% SE Saskatchewan light oil prices = CAD LSB Q3 2022 pricing yielded total quarterly revenue of $85.10 per boe.


More Definitions of Strip Pricing

Strip Pricing means, as of any date of determination for the appropriate crude oil benchmark (WTI Cxxxxxx) and appropriate natural gas benchmark (Hxxxx Hub) included in the relevant Reserve Report, for the 60-month period commencing with the month in which such date occurs, as quoted on the New York Mercantile Exchange (the “NYMEX”) and published in a nationally recognized publication for such pricing as selected by the Administrative Agent (as such prices may be corrected or revised from time to time by the NYMEX in accordance with its rules and regulations), the average closing price over the preceding ninety (90) days prior to the date of the applicable date of determination (a) for the remainder of the then current calendar year, the average NYMEX pricing for the remaining months in such calendar year, (b) for each of the succeeding four (4) complete calendar years, the average NYMEX pricing for the twelve months in each such calendar year, and (c) for the succeeding fifth complete calendar year and each calendar year thereafter, the average NYMEX pricing for the twelve months in such fifth calendar year; provided, however, in the event that the NYMEX no longer provides futures contract price quotes for 60 month periods, the longest period of quotes of less than 60 months shall be used to determine the strip period and held constant thereafter based on the average of contract prices for the last twelve months of such period, and, if the NYMEX no longer provides such futures contract quotes or has ceased to operate, the Administrative Agent shall designate another nationally recognized commodities exchange to replace the NYMEX for purposes of the references to the NYMEX herein which in the Administrative Agent’s reasonable opinion is the most comparable exchange to the NYMEX at such time.
Sample 1
Strip Pricing means, as of the Effective Date, (a) for crude oil, the closing settlement price for the West Texas Intermediate (light sweet crude oil) futures contract for the applicable month, as published by the New York Mercantile Exchange (NYMEX) on its website currently located at xxx.xxxxxxxx.xxx, or any successor thereto (as such price may be corrected or revised from time to time by the NYMEX in accordance with its rules and regulations), and (b) for natural gas, the closing settlement price for the Xxxxx Hub Natural Gas futures contract for the applicable month, as published by the New York Mercantile Exchange (NYMEX) on its website currently located at xxx.xxxxxxxx.xxx, or any successor thereto (as such price may be corrected or revised from time to time by the NYMEX in accordance with its rules and regulations).
Sample 1
Strip Pricing means four (4) year NYMEX strip pricing adjusted for applicable differentials and Hedge Agreements and held flat after such four (4) year period at the average of the 37th month through the 48th month’s price.
Sample 1

Related to Strip Pricing

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

  • Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

  • Spread pricing means the model of prescription drug pricing in which the pharmacy benefits

  • Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

  • Catalog Pricing and Pricing Requirements

  • Pricing means any and all fees, rates and prices payable under this Contract, including pursuant to any Schedule or Exhibit hereto.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Single tomogram system means a CT x-ray system which obtains x-ray transmission data during a scan to produce a single tomogram.

  • Dry weight basis means 100 percent solids (i.e. zero percent moisture).

  • Sustainability Factors means environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Monitoring Indicator means a measure of HSP performance that may be monitored against provincial results or provincial targets, but for which no Performance Target is set;

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Multiple tomogram system means a computed tomography X-ray system which obtains X-ray transmission data simultaneously during a single scan to produce more than one tomogram.

  • Fixed GAAP Terms (a) the definitions of the terms “Capitalized Lease Obligation,” “Consolidated Depreciation and Amortization Expense,” “Consolidated Interest Expense,” “Consolidated Net Income,” “Consolidated Tangible Assets,” “Consolidated Working Capital,” “EBITDA,” “ECF CNI,” “Excess Cash Flow,” “Fixed Charge Coverage Ratio,” “Fixed Charges,” “Funded Debt,” “Indebtedness,” “Investments,” “Net Income,” “Senior Secured Indebtedness” and “Senior Secured Indebtedness to EBITDA Ratio,” (b) all defined terms in this Agreement to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions, and (c) any other term or provision of this Agreement or the other Loan Documents that, at the Borrower’s election, may be specified by the Borrower by written notice to the Administrative Agent from time to time.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • Reliability pricing model or "RPM" means PJM's capacity-

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Pre-Pricing Prospectus means the preliminary prospectus dated June 8, 2021 relating to the Securities in the form first furnished to the Underwriters for use in connection with the offering of the Securities.

  • Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in 5.34(5)“d.”

  • Approved Pricing Service means a pricing or quotation service as set forth in Schedule 1.01(a) or any other pricing or quotation service approved by the Board of Directors of the Borrower and designated in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such pricing or quotation service has been approved by the Borrower).

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Principle-based valuation means a reserve valuation that uses one or more methods or one or more assumptions determined by the insurer and that is required to comply with subsection 15 as specified in the valuation manual.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.