Participating Area definition

Participating Area means a reservoir or portion of a reservoir producing or

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Participating Area means all Unit Tracts and parts of Unit Tracts established under the provisions of Article 10 of this Agreement to allocate Unitized Substances produced from a reservoir.

Participating Area means all Unit Tracts and parts of Unit Tracts established under the provisions of Article 10 of this Agreement to allocate Unitized Substances produced from a reservoir. Participating Area Expense means all costs, expenses, or indebtedness incurred by the Unit Operator under this Agreement for or on account of production from or operations in a Participating Area and allocated solely to the Unit Tracts in that Participating Area.

Examples of Participating Area in a sentence

Said schedule (or schedules) shall also set forth the percentage of Unitized Substances to be allocated, as herein provided, to each tract in the Participating Area (or Areas), and shall govern the allocation of production, commencing with the effective date of the Participating Area.
The effective date of any Participating Area established after the commencement of actual production of Unitized Substances shall be the first of the month in which is obtained the knowledge or information on which the establishment of said Participating Area is based, unless a more appropriate effective date is proposed by the Unit Operator and approved by the authorized officer.
The Initial PA shall contain the leases listed as the Initial Participating Area on Exhibit C.
Exhibits must be prepared for each Participating Area established in the Unit Area.
In the event that the Adjacent Lease becomes unitized or otherwise joined with any other land leased or otherwise controlled by Lessee, Lessor may not propose, or make any election with respect to, any "Participating Area", as such term is defined in applicable laws and regulations without the prior written consent of Lessee.

More Definitions of Participating Area

Participating Area means a State, Territory or Country in which a person is authorised to Conduct Games of OZ Lotto under a corresponding law;

Participating Area means a State, Territory or Country in which a person is authorised to conduct Games of Pools under a corresponding law;

Participating Area means an area established pursuant to Section 10 of the Unit Agreement for the apportionment of Costs, the allocation of Production and the ownership of property within the Unit Area under certain circumstances.

Participating Area as used in this Paragraph shall mean that geographic area for pooling of revenue and /or expenses described in any Unit Agreement or Unit Operating Agreement applicable to the Leased Lands or to other lands under across or through and into which Lessee has drilled a production well (whether for injection or extraction) from the Leased Lands.

Participating Area means Regional District Okanagan-Similkameen Electoral Areas "A, B, C, D, E, F, G, H, Town of Oliver, Town of Osoyoos, Village of Keremeos, Town of Princeton, City of Penticton and the District of Summerland.

Participating Area means a participating area described in 15 AAC

Participating Area means that part of an oil and gas lease unit area approved as being reasonably known to be underlain by hydrocarbons and known or reasonably estimated

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