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.
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

  • Drilling unit for drilling of oil and gas wells consists of a derrick at the top of which is mounted a crown block and a hoisting block with a hook.

  • Surveys are to be carried out in accordance with the Rules of the Society, except that in the case of Mobile Offshore Drilling unit, due to low running hours on propeller shaft, extended intervals between propeller shaft surveys may be considered based on: • Satisfactory diver's external examination of stern bearing and outboard seal area including weardown check as far as is possible.

  • 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.

  • For the purposes of this Lease and the calculation of payments by Tenant to State, the parties agree that (i) the Premises contains ** acres, (ii) the Production Unit contains ** acres, and (iii) the ratio the Premises bear to the Drilling unit is **.

  • If there is significant deviation give TVD of total depth together with bottom hole National Grid coordinates with bearing and distance from top hole location.• Drilling unit.


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 means the surface area allocated by an
Drilling unit or “unit” means the acreage on which one well or more wells may be drilled;
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 means the acreage on which the board
Drilling unit means an area prescribed by applicable spacing regulations for the granting of a permit by the Supervisor of Xxxxx for the drilling of a well.