Development Wells definition

Development Wells means all oil and gas producing wells other than wildcat wells.
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Development Wells means generally wells which are being drilled into a defined prospect which has already been discovered.
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Development Wells means all oil producing wells other than discovery wells and replacement wells.
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Examples of Development Wells in a sentence

  • The value of being the proposer is significantly lower than expected in both games.Experimental subjects seem to underestimate the value of being the proposer as they bid slightly above EMU 2 on average in both games instead of the expected EMU 5.

  • To date, equivalent development wells producing, or drilled and perforated for completion, during production periods upon which distributions are based are as follows: As of Equivalent Producing Development Wells Additional Drilled Development Wells* Total Development Wells* Equivalent development wells that are not producing at the ‘As of’ date but have been drilled and perforated for completion.

  • If this number is positive, then as shown on line 28, 50% of this savings ($/dth) is multiplied by the post-2015 Development Wells into-the-interstate-pipeline volumes (Col C, line 21) to arrive at the shared savings amount that will be included in the July entry in the 191 account.

  • All costs associated with or paid or incurred in connection with the initial drilling, testing, completing, and equipping for production of the Development Wells shall be borne solely by Assignor and shall not be included as Chargeable Costs.

  • Subject to Section 11.05, Assignor may from time to time Transfer, mortgage, or pledge its interest in the Development Wells, the Subject Interests, or any part thereof or undivided interest therein, subject to the Royalty Interest and this Conveyance.

  • All costs associated with or paid or incurred in connection with the drilling, testing, completing, developing and operating the Development Wells or associated with the Subject Interests other than Taxes and Post Production Cost Charges shall be borne solely by Assignor and shall not be included as Chargeable Costs.

  • Any wells drilled by, or on behalf of, SandRidge on or after the Effective Date and prior to March 29, 2015, and located on the lands covered by the leases listed in Exhibit A attached to this Amendment, or any lands pooled or unitized therewith, shall continue to be considered Development Wells, as that term is defined in the Development Agreement, consistent with SandRidge’s reporting to the Trust at all times since the formation of the Trust.

  • Development Wells; Effect on Profitability of Windfall Profits Tax “Tiers” 51 33.

  • The Parties agree for purposes of settlement that in no event shall this shared savings amount result in Wexpro earning a rate of return on post-2015 Development Wells greater than the Base Rate of Return (Base ROR) + 8% (Settlement Stipulation Exhibit 2, line 28).

  • Only the Assignor’s retained interest in the Subject Interest will count towards the Assignor’s obligation to drill Development Wells under the Development Agreement.


More Definitions of Development Wells

Development Wells means any oil and gas producing wells other than wildcat wells. "Director" means the executive and administrative head of the division.
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Related to Development Wells

  • 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.

  • Development Area means that area to which a development plan is applicable.

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • Development Phase means the period before a vehicle type is type approved.

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

  • Development Work means the work of development to be performed on or with respect to the Land (including, without limitation, the installation of utilities, roads and all related on-site and off-site improvements) in connection with the development of the Land for the subsequent construction thereon of Homes, all of which work and construction shall be completed by or on behalf of the Borrower in accordance with the Plans and Specifications, but shall not include the Construction Improvements.

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

  • Development Project means a project for the development of land within a

  • Development Works means the external development works and internal development works on immovable property;

  • Development Program means the implementation of the development plan.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • 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

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Development Activities means any activity, including the discharge of dredged or fill material, which results directly in a more than de minimus change in the hydrologic regime, bottom contour, or the type, distribution or diversity of hydrophytic vegetation, or which impairs the flow, reach, or circulation of surface water within wetlands or other waters;

  • Development Plan has the meaning set forth in Section 3.2.

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

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • 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;

  • 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.

  • Project area budget means a multiyear projection of annual or cumulative

  • Development Data means all non-clinical, clinical, technical, chemical, safety, and scientific data and information and other results, including relevant laboratory notebook information, screening data, and synthesis schemes, including descriptions in any form, data and other information, in each case, that is generated by or resulting from or in connection with the conduct of Development of Products, to the extent that the same are Controlled by or in Adapt’s or its Affiliates’ or Adapt’s Commercial Sublicensees’ possession, and may be disclosed to Lightlake without violating any obligation under Applicable Law.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.