How is PDP Reserves defined in a legal contract?
- PDP Reserves means the Proven Reserves which are categorized as both 鈥渄eveloped鈥 and 鈥減roducing鈥 under the given criteria, put forth by recognised Petroleum Evaluation Engineers, and that are in effect at the specified time, and deemed acceptable to the [organization]. Seen in 32 SEC filings
- PDP Reserves means 鈥減roved developed producing oil and gas reserves鈥 as defined by the Society of Petroleum Engineers in its established guidelines. Seen in 12 SEC filings
- PDP Reserves means Proven Reserves which are both ""Developed"" and ""Producing"" according to the definitions set by recognized organizations such as the Society of Petroleum Evaluation Engineers and the World Petroleum Congress. Seen in 12 SEC filings
- PDP Reserves means the Proved Reserves that are expected to be produced using existing resources and procedures. Seen in 8 SEC filings
- PDP Reserves means 鈥減roved developed producing reserves鈥 as defined by the Board of Directors of the Society for Petroleum Engineers. Seen in 8 SEC filings
- PDP Reserves means the Proven Reserves which are categorized as both 鈥渄eveloped鈥 and 鈥減roducing鈥 under the criteria for Oil and Gas Definitions. Seen in 7 SEC filings
- PDP Reserves means Proved Reserves which are categorized as both 鈥淒eveloped鈥 and 鈥淧roducing鈥 according to the criteria set by the Society of Petroleum Engineers and the World Petroleum Congress. Seen in 7 SEC filings
- PDP Reserves means Proved Reserves which are categorized as both 鈥淒eveloped鈥 and 鈥淧roducing鈥 according to such definitions. Seen in 5 SEC filings
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
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Which definition should you use?
馃 has combined and improved the above descriptions to create market-standard '天美传媒 definitions' below, with guidance on which documents and which industry to use for each.
天美传媒 Definition 1
- PDP Reserves means Proven Reserves categorized as developed and producing under prevailing norms.
Relevant Contract Type
- Oil and Gas Lease Agreement
- Resource Development Agreement
- Joint Operating Agreement
- Production Sharing Agreement
Relevant Circumstances
- Exploration activities involving estimates of proven reserves
- Financial auditing and reporting of reserve quantities
- Resource project financing agreements
- Business ecosystem and partnerships involving resource production
Relevant Sectors
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天美传媒 Definition 2
- PDP Reserves means Proved Reserves expectedly produced through existing resources and procedures.
Relevant Contract Type
- Oil and Gas Lease Agreement
- Resource Development Agreement
- Joint Operating Agreement
- Production Sharing Agreement
Relevant Circumstances
- Exploration and production activities in existing oil and gas fields
- Auditing and reporting of reserve quantities in use
- Asset management and valuation in energy sector
- Project finance dealings within resource development
Relevant Sectors
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