Drilling unit definition

Drilling unit means the area fixed for the drilling of one well by order or rule of any state or federal body having authority. If a Drilling Unit is not fixed by any such rule or order, a Drilling Unit shall be the drilling unit as established by the pattern of drilling in the Contract Area unless fixed by express agreement of the Drilling Parties.

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Drilling unit means the minimum acreage on which one well may be drilled, but does not apply to a well for injecting gas into or removing gas from a gas storage reservoir.

Drilling unit means the acreage on which one gas or oil well may be drilled.

Examples of Drilling unit in a sentence

• Applicable for jack up rigs Except where otherwise provided for in this Agreement, Contractor shall be compensated at the Moving Day Rate of ( ) during the time the Drilling Unit is in actual movement between locations, beginning when the Drilling Unit has actually started moving from previous location and ending when the Drilling unit is positioned over the next Well location.

• Applicable for ▇▇▇▇ up rigs Except where otherwise provided for in this Agreement, Contractor shall be compensated at the Moving Day Rate of ( ) during the time the Drilling Unit is in actual movement between locations, beginning when the Drilling Unit has actually started moving from previous location and ending when the Drilling unit is positioned over the next Well location.

• All Contractor’s Personnel and Subcontractors’ personnel on board the Drilling unit shall have a valid completion certificate showing evidence of training in Helicopter Underwater Egress Training (“HUET”) by a training provider having a Modular Egress Training Simulator (“METS”).

• This cost estimate was prepared assuming the following conditions: • Drilling unit costs are considered prevailing rate under the Prevailing Wage Act (820 ILCS 130/0.01); • Traffic control with roadway flaggers is required to complete the borings on the O’Brien Road; • No additional insurance beyond our standard coverage is required; and • No hazardous materials are present on site.

More Definitions of Drilling unit

Drilling unit generally means the maximum area in a pool which may be drained efficiently by one (1) well so as to produce the reasonable maximum oil or gas reasonably recoverable in the area. Where the regulatory authority has provided rules for the establishment of a drilling unit and an operator, proceeding within the framework of the rules so prescribed, has taken the action necessary to have a specified area established for production from a well, the area shall be a drilling unit;

Drilling unit or “unit” means the acreage on which one well or more wells may be drilled;

Drilling unit means the surface area allocated by an

Drilling unit means the acreage on which the board

Drilling unit means the area prescribed by an applicable well spacing rule or order for the granting of a permit for the drilling and operation of an oil or gas well, or both.

Drilling unit means an area established by the Commission that can be efficiently and economically drained by one or more oil or gas wells.

Drilling unit generally means the maximum area in a pool which may be drained