Carry Well definition

Carry Well has the meaning assigned thereto in Section 2.1.
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Carry Well means a well that satisfies both of the following conditions: (1) such well is drilled as a horizontal well in the Niobrara formation (i.e., a well in which the wellbore deviates from approximate vertical orientation to approximate horizontal orientation in order to drill within and test a geological interval, using deviation equipment, services and technology); and (2) such well is spudded after Carrizo acquires 3D seismic data covering all or a portion of the Leases unless either: (a) Seller has agreed in writing that such well qualifies as a Carry Well notwithstanding that it is drilled prior to Carrizo’s acquisition of 3D seismic data covering all or a portion of the Leases, or (b) such well is drilled in Section 26, Township 8 North, Range 61 West, 6th P.M., Weld County, Colorado. No provision of this Agreement prohibits or restricts Carrizo from drilling a well or xxxxx on the Leases during the Drilling Period that do not qualify as Carry Xxxxx as defined in this paragraph 4.3 or retaining Retained Tracts (as defined in Section 4.1) for such horizontal xxxxx.
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Carry Well means each Initial Carry Well and each Approved Set Well.
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Examples of Carry Well in a sentence

  • Receiving authorizations for expenditures (“AFEs”) for Carry Well equipping costs (informational).

  • Paying Encana the agreed-upon cost per well within 15 days after receipt of Carry Well spud notice.

  • Receiving AFEs for Carry Well drilling and completion costs (at least 15 days prior to anticipated spud date); monitoring whether unspent NW Natural share is credited on AFEs. See section 3.3. NW Natural will verify the accuracy of AFEs received from Encana as part of its contract administration.

  • For each Carry Well, until the earlier of the date Payout has occurred or the effective date of the first Wellbore Assignment delivered to NEGP pursuant to Section 2.5 for such Carry Well, NEGP shall be entitled to the AEE Proceeds of Production attributable to the Earned Wellbore Interests then applicable pursuant to clauses (a), (b) and (c) of the definition of “Earned Wellbore Interest” with respect to such Carry Well (a “Non-Assignment Repayment”).

  • Payments made pursuant to this Section 2.4 shall be made at the same times and in the same manner as AEE’s payment of royalties relating to such Carry Well.

  • AEE shall be entitled to all proceeds of production attributable to the Earned Wellbore Interests for a Carry Well following Payout for such Carry Well.

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  • Improving the environment through trash separating activities by local people4.

  • AEE shall provide written notice of the occurrence of Payout with respect to a Carry Well within ten (10) Business Days of such Payout.

  • In such cases, the affairs shall be deemed entrusted, when the completion of dam construction is publicly notified pursuant to Article 16 (1) or (2) of the Act.

Related to Carry Well

  • Dry well means a type of infiltration practice that allows storm water run-off to flow directly into the ground via a bored or otherwise excavated opening in the ground surface.

  • Deep well means a well located and constructed in such a manner that there is a continuous layer of low permeability soil or rock at least 5 feet thick located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • 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

  • Horizontal well means a well bore drilled laterally at an angle of at least eighty (80) degrees to the vertical or with a horizontal projection exceeding one hundred (100) feet measured from the initial point of penetration into the productive formation through the terminus of the lateral in the same common source of supply.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

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

  • 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.

  • Water well means an excavation that is drilled, cored, bored, augered, washed, driven, dug, jetted, or otherwise constructed for the purpose of exploring for groundwater, monitoring groundwater, utilizing the geothermal properties of the ground, or extracting water from or injecting water into the aquifer. “Water well” does not include an open ditch or drain tiles or an excavation made for obtaining or prospecting for oil, natural gas, minerals, or products mined or quarried.

  • Oil well means any well capable of producing oil or oil and casinghead gas from a common source of supply as determined by the commission.

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

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • stratigraphic test well means a drilling effort, geologically directed, to obtain information pertaining to a specific geologic condition. Ordinarily, such wells are drilled without the intention of being completed for hydrocarbon production. They include wells for the purpose of core tests and all types of expendable holes related to hydrocarbon exploration. Stratigraphic test wells are classified as (i) "exploratory type" if not drilled into a proved property; or (ii) "development type", if drilled into a proved property. Development type stratigraphic wells are also referred to as "evaluation wells".

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • Drill means a response to a planned, simulated event.

  • Injection well means a well into which fluids are injected. (See also “underground injection”.)

  • Lot depth means the horizontal distance between the front and rear lot lines.

  • Area C means areas of the West Bank outside Areas A and B, which, except for the issues that will be negotiated in the permanent status negotiations, will be gradually transferred to Palestinian jurisdiction in accordance with this Agreement.

  • 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;

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Workover means operations on a producing well to restore or increase production.

  • service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.

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

  • borehole means a hole sunk into the earth for the purpose of locating, abstracting or using subterranean water and includes a spring;

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Contract Area means, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).

  • Abandoned well means a well whose use has been permanently discontinued or which is in a state of disrepair such that it cannot be used for its intended purpose or for observation purposes.