Total Proved Reserves definition

Total Proved Reserves means Oil and Gas Properties which are categorized as “Proved Reserves”, as such term is defined in the Definitions for Oil and Gas Reserves as promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question.
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Total Proved Reserves shall be as defined in the SPE Definitions. -----------------------
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Total Proved Reserves means, as of any date of determination, the sum of the PUD, the PDNP and the PDP of the oil and gas properties and interests of the Company and the Included Subsidiaries in which the holder of the Notes have a valid, first priority, perfected security interest; provided, however, there shall be excluded, in making such calculation, such portion, if any, of the PUD in excess of the portion that would result in the PUD constituting 40% of such sum.
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Examples of Total Proved Reserves in a sentence

  • SEC Price Deck2$60 Brent3Total Proved Reserves / 2020 Exit Production11.8 years13.6 yearsPV-101 ($MM)$2,426$5,720PV-101 / Net Debt1 ($)5.2x12.2xNet Debt1 / Total Proved Reserves ($/boe)$1.06$0.92EV5/Total Proved Reserves ($/boe)$5.57$4.83PV-101 /Total Proved Reserves ($/boe)$5.49$11.24EV5/PV-101 ($)1.0x0.4x 0.0x SEC 2020 Price Deck2 $60 Brent3 442 MMboe 509 MMboe (1) PV-10 is as of December 31, 2020.

  • The Company will not, as at the end of each fiscal year, permit Consolidated Debt to exceed 60% of the Present Value of Consolidated Total Proved Reserves, determined and calculated not later than the last day of the first fiscal quarter of the next succeeding fiscal year of the Company.

  • Proportion of Proved Developed to Proved Reserves and Proportion of Gas Reserves (Bcfe)* Year Total Proved Proved Developed Developed Natural Gas Percentage of Reserves Reserves Percent of Total Proved Reserves 1995 311.3 293.8 94% 83% 1996 493.6 410.1 83% 78% 1997 469.3 392.9 84% 81% 1998 574.1 506.0 88% 85% 1999 597.6 503.9 84% 86% * Does not include cost of service reserves managed and developed by Wexpro for Questar Gas.

  • Houston, Texas 77002 Ladies and Gentlemen: We hereby consent to the use of the name Cawley, Gillespie & Associates, Inc and to the incorporation by reference of our reserve report of the “Goldking Operating Company interests as of December 31, 2006 in the Total Proved Reserves for Bayou, Live Oak & Hilcorp Properties et al.

  • E x e c u t i n g a D i s c i p l i n e d G r o w t h S t r a t e g y $403.8MMScaling Evolution Through Acquisitions Total Proved Reserves PV-10 ($MM)(1) Asset Hamilton Dome (Wyoming)Barnett Shale (Texas)Williston Basin (North Dakota)Jonah Field (Wyoming) Date Announced See Slide 18 in Appendix for footnotes.


More Definitions of Total Proved Reserves

Total Proved Reserves means, with respect to the Oil and Gas Properties covered under the most recent Reserve Report delivered to the Administrative Agent and any Oil and Gas Properties acquired by the Loan Parties after the effective date of such Reserve Report, the reasonably anticipated production for each month for the total Oil and Gas classified as “total proved” for such Oil and Gas Properties; provided, however, the “proved developed non-producing” reserves and “proved undeveloped” reserves included in such calculation shall not exceed 25% of the “total proved” reserves.
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Total Proved Reserves means, for any financial year, the estimated quantities of petroleum that geological and engineering data demonstrate, with reasonable certainty, to be recoverable under existing economic and operating conditions in future years from known reservoirs on land or in a submarine area or in each licensed area of a licence issued after the commencement of this Act of the production business carried on by any person;
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Total Proved Reserves shall be as defined in the SPE/SEC Standards.
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Total Proved Reserves means the sum of Proved Producing, Proved Non-Producing, and Proved Undeveloped Reserves.
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Total Proved Reserves means those quantities of oil, natural gas, shale gas and natural gas liquids and other hydrocarbons of the Obligors which are determined to be the “Total Proved Reserves” by the Independent Engineer in accordance with standard Canadian industry practice.
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Total Proved Reserves means all of the Proved Reserves attributable, at the time in question, to the Oil and Gas Properties of the Borrower and its Consolidated Subsidiaries.
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Total Proved Reserves has the meaning set forth in the SPE Definitions, as may be adjusted by the Administrative Agent.
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