Development Wells definition

Development Wells means all oil and gas producing wells other than wildcat wells.
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Development Wells means generally wells which are being drilled into a defined prospect which has already been discovered.
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Development Wells means all oil producing wells other than discovery wells and replacement wells.
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Examples of Development Wells in a sentence

  • Table 2-6 Crude Oil and Natural Gas Exploratory and Development Wells and Average Depth, 1990-2010Wells Drilled Source: U.S. Energy Information Administration* Average Depth values for 2009-2010 are estimates.

  • Development Wells; Effect on Profitability of Windfall Profits Tax “Tiers” 51 33.

  • United States CanadaDevelopment Wells Exploratory Wells Development Wells Exploratory WellsCategory of Well Gross Net Gross Net Gross Net Gross NetCrude oil wells4228 For a description of the Corporation’s 2018 development plans and the anticipated sources of funding these plans, see "Capital Expenditures and Costs Incurred", above.

  • Development Wells (Net) During the years ended December 31, 2015, 2014 and 2013 we drilled 132.8, 180.3 and 139.8 net development wells, respectively.

  • United States Canada Development Wells Exploratory Wells Development Wells Exploratory Wells Category of Well Gross Net Gross Net Gross Net Gross NetCrude oil wells5622.0 For a description of the Corporation's 2022 development plans and the anticipated sources of funding these plans, see "Capital Expenditures and Costs Incurred", above.

  • If the application requests registration of a sign that consists only of letters, numerals, punctuation marks and other special signs that are standard key of the Qwerty keyboard or their combinations and the sign that is not in any special graphic presentation or colour, the sign shall be considered to be a verbal sign.

  • M/s Selan Exploration Technology Limited have proposed for the drilling of additional 14 Appraisal cum Development Wells in Lohar Oil & Gas field Block, Cambay Basin (On-shore), District-Mehsana, Gujarat.

  • The Parties agree for purposes of settlement that in no event shall this shared savings amount result in Wexpro earning a rate of return on post-2015 Development Wells greater than the Base Rate of Return (Base ROR) + 8% (Settlement Stipulation Exhibit 2, line 28).

  • Issuers that drill Development Wells generally have a higher degree of information about the quality of the prospect being drilled (as compared to Exploration Wells) which leads to a higher likelihood that the drilling will be economically successful.

  • An expenditure being made by an issuer that qualifies for a CDE expense is making an oilfield investment (for example, drilling Development Wells) with an outcome that is typically more certain.


More Definitions of Development Wells

Development Wells means any oil and gas producing wells other than wildcat wells. "Director" means the executive and administrative head of the division.
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Related to Development Wells

  • 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.

  • Development Area means that area to which a development plan is applicable.

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • Development Phase means the period before a vehicle type is type approved.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Development Work means the conduct of preclinical and clinical trials, the compilation of the regulatory dossier concerning Licensed Products and the conduct of other work necessary or useful for obtaining Regulatory Approval of Licensed Products.

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Development Project means a project for the development of land within a

  • Development Works means the external development works and internal development works on immovable property;

  • Development Program means the implementation of the development plan.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Test Well means a well constructed for the purpose of obtaining information needed to design a well prior to its construction. Test wells are cased and can be converted to observation or monitoring wells and under certain circumstances to production wells

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Development Activities means those activities which are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes, including the acquisition of property;

  • Development Plan has the meaning set forth in Section 3.2.

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Project area budget means a multiyear projection of annual or cumulative

  • Development Data means any and all research data, pharmacology data, chemistry, manufacturing and control data, preclinical data, clinical data and all other documentation (including raw data) compiled, developed or generated with respect to the Compound or Product.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.