Developed acreage definition
Developed acreage means the number of acres that are allocated or assignable to productive wells or wells capable of production;
Developed acreage means acreage which consists of leased acres spaced or assignable to productive wells.
Developed acreage means acreage consisting of leased acres spaced or assignable to productive wells. Acreage included in spacing units of infill wells is classified as developed acreage at the time production commences from the initial well in the spacing unit. As such, the addition of an infill well does not have any impact on a company’s amount of developed acreage.
Examples of Developed acreage in a sentence
GROSS NET ------ ------ Developed acreage...........................................
GROSS ------ NET ------ Developed acreage...........................................
Gross Net ----- --- (in thousands) Developed acreage 214 118 Undeveloped acreage 123 62 --- ---- Total 337 180 === === At December 31, 2000, Hallwood held undeveloped acreage in Texas, Louisiana, New Mexico, Colorado, and California.
Developed acreage under a variety of farm-out agreements Originally the.
More Definitions of Developed acreage
Developed acreage means acres which are allocated or assignable to producing wells or wells capable of production.
Developed acreage means acres spaced or assigned to productive wells and does not include undrilled acreage held by production under the terms of the lease.
Developed acreage means acreage on which we have a productive well;
Developed acreage means that portion of a parcel within the boundaries of the Agency that is receiving water for reasonable and beneficial agricultural, domestic or municipal and industrial (M & I) use.
Developed acreage those portions of the Leased Premises that have been identified from time to time pursuant to Article 12.8.
Developed acreage means that portion of a parcel within the Agency Boundary that is receiving water for reasonable and beneficial agricultural, domestic or municipal and industrial (M & I) use.