Drill and Complete definition

Drill and Complete means with respect to a Carry Well, the conducting of all operations and activities for and related to the drilling, completion, equipping, and tying in such well, and any other operations or activities with respect to such Carry Well prior to achieving commercial production from such Carry Well, together with all services, equipment, materials and supplies, and labor and overhead associated therewith, including constructing and upgrading access roads, obtaining and preparing the location, obtaining permits and title opinions, obtaining drilling contractor services and consultants necessary for the drilling of such Carry Well, obtaining mud chemicals, pipe and supplies, moving in, rigging up, drilling, logging and testing, setting casing, perforating, cementing, conducting fracture stimulation and the drilling out of frac plugs, installing the wellhead, well equipment, pump j▇▇▇ and other pumps, Christmas tree, valves and tubing, and other activities necessary prior to marketing production from such Carry Well; but shall not include the following costs (referred to herein as “Joint Costs”): (i) any activities related to construction of a gathering system, (ii) the conducting of all operations and activities for and related to the Plugging and Abandoning of the Carry Well in the event of a dry hole or for any other reason or (iii) sidetracking or deepening a Carry Well or recompleting a Carry Well in a different zone, in each case prior to the Commencement Date for such Carry Well, unless agreed to pursuant to Section 2.1(d). “Drilling and Completing” and other derivatives of the phrase “Drill and Complete” shall be construed accordingly.
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Drill and Complete means with respect to a Subject Well, the conducting of all operations and activities for and related to either (i) the drilling, completion, equipping, and tying in such well, and any other operations or activities with respect to such Subject Well prior to achieving commercial production from such Subject Well, together with all services, equipment, materials and supplies, and labor and overhead associated therewith, including constructing and upgrading access roads, obtaining and preparing the location, obtaining permits and title opinions, obtaining drilling contractor services and consultants reasonably necessary for the drilling of such Subject Well, obtaining mud chemicals, pipe and supplies, moving in, rigging up, drilling, logging and testing, setting casing, perforating, cementing, conducting fracture stimulation and the drilling out of frac plugs, installing the wellhead, well equipment, pump j▇▇▇ and other pumps, Christmas tree, valves and tubing, and other activities necessary prior to marketing production from such Subject Well or (ii) the Plugging and Abandoning of such Subject Well; but shall not include the following costs (referred to herein as "Joint Costs"): (i) any activities related to construction of a gathering system, or (ii) deepening a Subject Well or recompleting a Subject Well in a different zone, in each case prior to the Commencement Date for such Subject Well, unless agreed to pursuant to the applicable Joint Operating Agreement. "Drilling and Completing" and other derivatives of the phrase "Drill and Complete" shall be construed accordingly.
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Drill and Complete means the following:
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Examples of Drill and Complete in a sentence

  • The Turnkey Cost to Casing Point, and beyond to full production status, paid by Participant to Operator, is in payment of Participant’s share of the costs to Drill and Complete each Prospect Well to casing point and thereafter to full production status.

  • Agreement To Drill and Complete: PDC shall commence drilling of a well or ▇▇▇▇▇ on each Prospect within 180 days of the date of the initial formation of the Partnerships, but in no case later than March 30, 2004 and shall continue drilling thereafter with due diligence to the Target formation unless a condition which renders further drilling impractical is encountered at a lesser depth, or unless the Partnership agrees to complete or abandon the well at a lesser depth.

  • If AEE does not commence operations to Drill and Complete a certain Carry Well within one year from the Effective Date, notwithstanding anything to the contrary in this Agreement, NEGP shall not be required to participate in, or pay any Costs of Drilling and Completing with respect to, such Carry Well and the Carry Obligation (as hereinafter defined) for such Carry Well shall cease to apply.

  • Agreement To Drill and Complete: PDC shall commence drilling of a well or ▇▇▇▇▇ on each Prospect within 180 days of the date of the initial formation of the Partnerships, but in no case later than March 30, 2005 and shall continue drilling thereafter with due diligence to the Target formation unless a condition which renders further drilling impractical is encountered at a lesser depth, or unless the Partnership agrees to complete or abandon the well at a lesser depth.

  • Agreement To Drill and Complete: PDC shall commence drilling of a well or w▇▇▇▇ on each Prospect within 180 days of the date of the initial formation of the Partnerships, but in no case later than March 30, 2004 and shall continue drilling thereafter with due diligence to the Target formation unless a condition which renders further drilling impractical is encountered at a lesser depth, or unless the Partnership agrees to complete or abandon the well at a lesser depth.

  • Agreement To Drill and Complete: PDC shall commence drilling of a well or w▇▇▇▇ on each Prospect within 180 days of the date of the initial formation of the Partnership, but in no case later than March 30, 2007 and shall continue drilling thereafter with due diligence to the Target formation unless a condition which renders further drilling impractical is encountered at a lesser depth, or unless the Partnership agrees to complete or abandon the well at a lesser depth.

  • Agreement To Drill and Complete: PDC shall commence drilling of a well or w▇▇▇▇ on each Prospect following the initial formation and funding of the Partnership, but in no case later than March 30, 2008 and shall continue drilling thereafter with due diligence to the Target formation unless a condition which renders further drilling impractical is encountered at a lesser depth, or unless the Partnership agrees to complete or abandon the well at a lesser depth.

  • As additional consideration for the Assets, in addition to payment of the Purchase Price, Buyer, at its sole expense, as Operator, will Drill and Complete (as those terms are later defined) three (3) new ▇▇▇▇▇ (the “Obligation ▇▇▇▇▇”).

  • Notwithstanding any requests for extensions, APH shall Drill and Complete as ▇▇▇▇▇ capable of production in paying quantities with first sales of natural gas having occurred, three (3) Program ▇▇▇▇▇ prior to December 31, 2014.

  • APH shall continue to propose, Drill, and Complete Program ▇▇▇▇▇ on the schedule just provided until twenty percent (20%) of its Completion Costs equals the amount of the Exploration Funds.