Contract Depth definition

Contract Depth means a depth sufficient to penetrate fifteen metres (15 m) into the Paleozoic formation or nine hundred and fifty meters (950 m) subsurface, whichever first occurs;
Contract Depth means a depth sufficient to penetrate 25 meters into the Muskeg formation or 2650m true vertical depth, whichever shall first occur;
Contract Depth means a depth sufficient to test the through the Ellenberger formation (5,000 feet xx xxxx).

Examples of Contract Depth in a sentence

  • Notwithstanding the provisions of paragraph 3 with respect to the depth to be drilled, the Partnership shall have the right to direct the stoppage of the work to be performed by the Contractor hereunder at any time prior to reaching the Contract Depth and even though Contractor has made no default hereunder.

  • Notwithstanding the provisions of paragraph 3 with respect to the depth to be drilled, the Managing General Partner shall have the right to direct the stoppage of the work to be performed by the Contractor hereunder at any time prior to reaching the Contract Depth and even though Contractor has made no default hereunder.

  • Notwithstanding the provisions of paragraph 3 with respect to the depth to be drilled, the Joint Venture shall have the right to direct the stoppage of the work to be performed by the Contractor hereunder at any time prior to reaching the Contract Depth and even though Contractor has made no default hereunder.

  • In addition, Ridgewood shall be entitled to an assignment of fifty percent (50%) of the Record Title interest in the entirety of the Newfield Lease provided it participates in the drilling of the Initial Test Well or substitute(s) thereof to Contract Depth as defined in the Farmout Agreement.

  • Farmee shall Spud the Test Well and Drill such well to Contract Depth prior to the end of the current 2006 winter drilling season subject to the Regulations and clause 14 of this Agreement.


More Definitions of Contract Depth

Contract Depth means a depth sufficient to penetrate 15 metres into the Upper Manville Clearwater Group or approximately 600 metres subsurface, whichever is shallower.
Contract Depth means a depth of -1600 metres subsea or 15 metres into the Precambrian, whichever first occurs;
Contract Depth means a depth sufficient to penetrate thirty (30) meters into the Xxxxx formation or a depth of Four Thousand and fifty (4,050) meters subsurface, whichever shall be the lesser.
Contract Depth means a measured subsea depth of 450 metres or 15 metres below the base of the Medicine Hat formation, whichever occurs first;
Contract Depth means the DEPTH to which the CONTRACTOR may be required to carry out the DRILLING SERVICES.
Contract Depth means a depth of at least 500 meters, which is the minimum depth sufficient to validate the Farmout Lands
Contract Depth means at depth of 200 feet into the Xxxxx Formation or 9,000 feet whichever is shallower.