Reservoir Clause Samples
The Reservoir clause defines the rights and responsibilities related to the use, maintenance, and management of a reservoir within the context of an agreement. It typically outlines who is responsible for the upkeep, operation, and any associated costs of the reservoir, and may specify permitted uses such as water storage, irrigation, or recreational activities. By clearly allocating duties and usage rights, this clause helps prevent disputes over access, maintenance obligations, and liability for damages, ensuring smooth operation and management of the reservoir.
Reservoir. The reservoir includes all the porous intervals of to m (from MSL) of 1 well and its lateral equivalents.
Reservoir. Underground stratum or strata, forming part of a Field, which are producing or have been shown to be capable of producing Hydrocarbons, and which have a common pressure system throughout.
Reservoir. All rock below the surface, in which Hydrocarbons are accumulated in the pore or fractured spaces, which is producing or is capable of producing Hydrocarbons, and which behaves as an independent unit as to its petrophysical and fluid properties, and has a common pressure system throughout its entire extension. CHAPTER II - EXPLORATION
Reservoir. An underground accumulation of Hydrocarbons (a) in a single and separate natural pool characterized by a distinct pressure system, (b) not in Hydrocarbon communication with another accumulation of Hydrocarbons, and (c) into which a Producible Well has been drilled.
Reservoir. Stratum or strata under the surface which may be part of a deposit under production or which has (or have) proven hydrocarbon production capacity, under a common pressure system throughout their entire area.
Reservoir. Any sub-surface rock with hydrocarbon accumulation in its porous space, producing or able to produce hydrocarbons and behaving as an independent unit with respect to petrophysical and fluid properties and having a single pressure system throughout. CHAPTER 11 - EXPLORATION
Reservoir. An underground accumulation of hydrocarbon and minerals comprising a single, separate, naturally contained system characterized by a single pressure.
Reservoir. An underground accumulation of porous and permeable rocks containing hydrocarbons which is bounded either by physical changes within such rocks or by other rocks so as to prevent efficient and effective migration of such hydrocarbons across such boundaries.
Reservoir. Washington Creek runs in the middle of the 29 acres. We would like to dig 800 feet of Washington Creek to a depth of four feet. At the southern border of The Gardens, we would like to enlarge Washington Creek to an approximate ¼ acre pond with the greatest depth of 6 feet. Near the northern end of the property, we will build a dam to the height of the creek banks. This 800 foot stretch will hold approximately 500,000 gallons of water which will be needed for irrigation and to feed the various “rivers” and waterfalls which will be on the property. We will also stock this reservoir with Koi which could be sold as the numbers increase. This stretch of the creek will be traversed with several bridges making this a nice creek side walkway. We estimate that digging out the reservoir will involve moving 3,500 cubic yards of material. This material will be used in various places of The Gardens. Material from the creek bed will be used to build up the areas surrounding the creek.
Reservoir. A porous, fractured or cavitied rock formation with a geological seal forming a trap for producible hydrocarbons. The pressure at reservoir depth in a shut- in well. Residual impacts are impacts that remain after mitigation measures, including those incorporated into the project’s Base Case design and those developed in addition to the base design, have been applied.