Common use of DRILLING OPERATIONS Clause in Contracts

DRILLING OPERATIONS. The terms “Drill”, “Drilling”, “Drilled” and/or “Drilling Operations” means the actual drilling of a Development Well, together with work in the hole necessary to properly complete or abandon such Development Well, conducted with due diligence and in a good and workmanlike manner so that when Drilling Operations are completed such Development Well will be capable of being properly equipped with the necessary production casing and ready so that Completion Operations can occur in the horizontal lateral section of the wellbore of such Development Well. “Drilled” more specifically means that a Development Well is being drilled so that when drilling operations are finished it will be capable of being properly equipped with the necessary production casing and ready so that Completion Operations can occur in the horizontal lateral section of the wellbore. Sidetracking, re-entering, reworking, recompletion, plugging back, or repairing an existing oil or gas well shall not constitute Drilling Operations. Drilling Operations shall be deemed to have been completed (whether as a dry hole or as a producing oil or gas well) on the earliest of the following dates: (i) the date on which the initial potential test is run; (ii) the date on which a dry hole is plugged; (iii) the date thirty (30) days after the date on which the total depth for the applicable Development Well has been reached.

DRILLING OPERATIONS. The terms “Drill”, “Drilling”, “Drilled” and/or “Drilling Operations” means the actual drilling of a Development Well, together with work in the hole necessary to properly complete or abandon such Development Well, conducted with due diligence and in a good and workmanlike manner so that when Drilling Operations are completed such Development Well will be capable of being properly equipped with the necessary production casing and ready so that Completion Operations can occur in the horizontal lateral section of the wellbore of such Development Well. “Drilled” more specifically means that a Development Well is being drilled so that when drilling operations are finished it will be capable of being properly equipped with the necessary production casing and ready so that Completion Operations can occur in the horizontal lateral section of the wellbore. Sidetracking, re-entering, reworking, recompletion, plugging back, or repairing an existing oil or gas well shall will not constitute Drilling Operations. Drilling Operations shall will be deemed to have been completed (whether as a dry hole or as a producing oil or gas well) on the earliest of the following dates: (i) the date on which the initial potential test is run; (ii) the date on which a dry hole is plugged; (iii) the date thirty (30) days after the date on which the total depth for the applicable Development Well has been reached.