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 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;

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.

  • Applicable for floaters 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 from the start of de-anchoring operations at any location ending when the Drilling unit is positioned over the next Well location with all the anchors lowered on seabed, required tensioning done and rig positioning accepted by Operator.

  • Child care employment has also grown more rapidly than theoverall workforce, but moderate- ly compared to the other players in social assistance.

  • Algeria: Drilling unit Evolution of proved reservesEni’s net proved reserves of oil and natural gas at December 31, 2006 totaled 6,436 mmboe (oil and condensates 3,481 mmbbl; natural gas 2,955 mmboe).

  • 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[ recoverable]oil or gas reasonably recoverable in the[such] area.


More Definitions of Drilling unit

Drilling unit means the acreage on which one gas or oil well may be drilled.
Drilling unit means the surface area allocated by an
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 the area fixed for the drilling of one Well or Planned Well by order or rule of any applicable Governmental Authority, or (if no such order or rule is applicable) the area fixed for the drilling of a Well or Planned Well reasonably established by the pattern of drilling in the applicable area or otherwise established by Shipper in its reasonable discretion.
Drilling unit or “unit” means the acreage on which one well or more wells may be drilled;
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