Actual Drilling definition

Actual Drilling means spudding in a well on the Leased Premises and continuing diligent drilling practices to the Minimum Depth.
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Actual Drilling operations shall be deemed commenced at that point in which the drill bit penetrates the earth with a rig that is capable of drilling to total depth, and the drilling operations are continued with due diligence and in a workmanlike manner until completion. Neither the placement of material nor construction of a well location without Actual Drilling operations as detailed above will be deemed commencement of a Well. Upon one of the Final Revisionary Triggers being reached, then the Term Assignment and Participant’s rights in the Contract Area shall terminate as to all Leasehold Interests and all depths covered thereby, except as to depths between the surface and 150’ below the base of the deepest producing formation located within a Governmental Proration Unit assigned to any Well which is producing oil or gas in paying quantities as of the cessation of Actual Drilling operations and all remaining portions of the Leasehold Interests shall automatically revert to Next Bridge.
Sample 1
Actual Drilling shall have the meaning set forth in Clause 11.2. “Additional Capacity” shall have the meaning set forth in Clause 13.2 “Affected Party” shall have the meaning set forth in Clause 21.1.2
Sample 1

Examples of Actual Drilling in a sentence

  • This lease shall terminate prior to the expiration of the Term if Lessee does not commence or cause to be commenced within ninety (90) days of the Effect Date the Actual Drilling of a well on the Leased Premises and diligently drill such well to the Minimum Depth.

  • Should Actual Drilling Operations be abandoned or suspended or Production in Paying Quantities cease at any time within a period of ninety (90) days prior to an Anniversary Date during the Primary Term, Lessee shall have a period of ninety (90) days after the date of such abandonment, suspension or cessation within which to commence or resume Actual Drilling Operations or Production in Paying Quantities on the Leased Premises, or make the Rental payment.

  • In order to satisfy its obligation to protect from Drainage, Lessee shall, within one hundred twenty (120) days after the completion date of the Adjacent Well, begin Actual Drilling Operations for a well drilled to a depth necessary to protect the Leased Premises from Drainage, if a reasonably prudent operator would drill such a well ( “Offset Well”).

  • If, during the Primary Term but after the first year thereof, this Lease has been maintained and Actual Drilling Operations or Production in Paying Quantities is not occurring on an Anniversary Date, this Lease shall terminate unless Lessee pays a Rental to the Lessor on or before that Anniversary Date.

  • If Actual Drilling Operations or Production in Paying Quantities is occurring on an Anniversary Date during the Primary Term, no Rental shall be due and this Lease shall remain in effect for twelve (12) months from that Anniversary Date as if a Rental had been paid.

  • Timely payment of a Rental shall extend for twelve (12) months from the Anniversary Date the time within which Actual Drilling Operations or Production in Paying Quantities must be commenced in order to maintain this Lease.

  • The commencement or resumption of Actual Drilling Operations or Production in Paying Quantities or payment of Rental within the ninety (90) day period shall have the same effect as though such were commenced, resumed or Rental paid on or before the Anniversary Date.

  • If at the expiration of the Term, Lessee is engaged in the Actual Drilling of a well on the Leased Premises and there are no other xxxxx on the Leased Premises, or on lands pooled, unitized, or communitized therewith, which are producing in Paying Quantities, this Lease shall not terminate so long as Lessee shall pursue the Actual Drilling of such well with reasonable diligence to completion or abandonment.

  • If Actual Drilling Operations or Production in Paying Quantities is not occurring on the first Anniversary Date, this Lease shall terminate unless Lessee, on or before the first Anniversary Date, pays to Lessor the sum of <bid_rental> Dollars (“Rental”).

  • For purposes of maintaining this Lease with40 Unitized Operations pursuant to this section, the definitions for the defined terms41 Actual Drilling Operations, Actual Reworking Operations, Production in Paying42 Quantities, Acceptable Lease Operations and/or Shut-in Payments, are expanded to43 include operations, production or payments attributed to wells whether located on the44 Leased Premises or on lands pooled or unitized therewith.

Related to Actual Drilling

  • CBM means Capacity Benefit Margin.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Actual torso angle means the angle measured between a vertical line through the "H" point and the torso line using the back angle quadrant on the 3-D H machine. The actual torso angle corresponds theoretically to the design torso angle (for tolerances, see paragraph 3.2.2. below).

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Gasification means the substoichiometric oxidation or steam reformation of a substance to produce a gaseous mixture containing two or more of the following: (i) oxides of carbon; (ii) methane; and (iii) hydrogen;

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • plantation means any land used for the growing and harvesting of crops;

  • Temporary clean coal technology demonstration project means a clean coal technology demonstration project that is operated for a period of five years or less and that complies with the SIP and other requirements necessary to attain and maintain the national ambient air quality standards during the project and after the project is terminated.

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;

  • 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.

  • Environmental Management Plan or “EMP” means the environmental management plan for the Project, including any update thereto, incorporated in the IEE;

  • Power Plant means a facility for the generation of

  • Diatomaceous earth filtration means a process resulting in substantial particulate removal in which a precoat cake of diatomaceous earth filter media is deposited on a support membrane (septum), and while the water is filtered by passing through the cake on the septum, additional filter media known as body feed is continuously added to the feed water to maintain the permeability of the filter cake.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • mean high water springs or “MHWS” means the highest level which spring tides reach on average over a period of time;

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Natural area means an area of the rural or non-urban environment which is in an unspoilt natural state or is of high scenic value, and includes, but is not limited to, national parks, game reserves, nature reserves, marine reserves, wilderness areas, areas of extensive agriculture and scenic areas;

  • Actual/365 (Fixed) means that interest is calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs in a leap year.

  • Ground water means water below the land surface in a zone of saturation.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Environmental Management Framework or “EMF” means the framework adopted by the Recipient through its Ministry of Planning and Investment’s Decision No 116/QD-BKH dated January 22, 2010 and referred to in the paragraph 2 of Section I.C of Schedule 2 to this Agreement, which sets out the environmental protection measures in respect of the Project, as well as administrative and monitoring arrangements to ensue the implementation of said framework, as said Environmental Management Framework may be revised from time to time with the prior concurrence of the Association.

  • Water Surface Elevation (WSE means the height, in relation to mean sea level, of floods of various magnitudes and frequencies in the floodplains of coastal or riverine areas.

  • Conifer means a tree that is a Douglas-fir, true fir, pine, western hemlock, spruce, or cedar.