Additional Well definition

Additional Well means a well, other than the Initial Well or a Substitute Well, drilled on the Contract Area after Company earns its proportionate share of the BP Interests in accordance with Section 4.1.
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Additional Well means an offshore well located in Exploration License #1069 drilled to a depth of 3,500 meters.
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Additional Well means any well developed pursuant to the terms of this Agreement other than the Required ▇▇▇▇▇.
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Examples of Additional Well in a sentence

  • It is understood and agreed that the assignment of rights under the Leases and the oil and gas development activities contemplated by this Agreement relate only to the Initial Well Locations and the Additional Well Locations.

  • The amount of acreage included in each Additional Well Location and the configuration of the Additional Well Location shall be indicated on the maps to be attached as exhibits to the applicable addendum to this Agreement as provided in sub-section (c) below.

  • Before beginning drilling of any well on any Additional Well Location, Operator shall conduct, or cause to be conducted, a title examination of the Additional Well Location, in order to obtain appropriate abstracts, opinions and certificates and other information necessary to determine the adequacy of title to both the applicable Lease and the fee title of the lessor to the premises covered by the Lease.

  • No drilling on the Additional Well Locations shall begin until the title has been accepted in writing by the Developer.

  • These representations and warranties shall also be included in each recorded assignment of the acreage included in each Initial Well Location and Additional Well Location designated pursuant to sub-section (c) below, substantially in the manner set forth in Exhibit B.

  • Failure to drill or participate in the drilling of an Additional Well during said period shall result in loss by Newfield of any option to earn such deeper rights.

  • Any such "Additional Well" to earn the deeper rights shall be drilled in accordance with the terms and conditions of this Agreement.

  • Ridgewood shall be subject to all of the terms and conditions of the Option Agreement and shall be entitled to their share of any and all benefits granted in the Option Agreement including the aforementioned production handling arrangement, the earning rights, and the option to participate in any proposed Additional Well.

  • These representations and warranties shall also be included in each recorded assignment of the acreage included in each Initial Well Location and Additional Well Location designated pursuant to sub-section (c) below, substantially in the form of Exhibit B attached to and made a part of this Agreement.

  • Also, the Option Agreement gives LLOG the right to earn i) 50% of Apache’s right, title and interest in and to the REDACTEd of Redacted, limited from the surface down to 11,500’ TVD, and ii) the Redacted by drilling an Additional Well either on that tract or the Redacted.


More Definitions of Additional Well

Additional Well. Any well (other than an Initial Well) in which the Company participates as the owner of a Working Interest.
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Related to Additional Well

  • Horizontal well means a well with a horizontal displacement of the well bore drilled at

  • Oil well means any well capable of producing oil or oil and casinghead gas from a common source of supply as determined by the commission.

  • Additional SDU Study means a deliverability study that a Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S).

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.