Common use of Development Well Clause in Contracts

Development Well. A well drilled for the production of discovered hydrocarbons.

Appears in 2 contracts

Sources: License Agreement for Hydrocarbon Exploration and Development (BPZ Resources, Inc.), License Agreement for Hydrocarbon Exploration and Development (BPZ Resources, Inc.)

Development Well. A well drilled for purposes of Producing the production of discovered hydrocarbonsHydrocarbons discovered.

Appears in 1 contract

Sources: License Contract (Harken Energy Corp)