Equipping Costs definition

Equipping Costs means all costs directly incurred in Equipping a well;

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Equipping Costs means all costs directly incurred in Equipping a well; "Exploration Well" means any well whose purpose at the time of the commencement of drilling is to explore for an accumulation of Petroleum whose existence was at that time unproven by drilling;

Equipping Costs means all costs and expenses incurred in connection with the performance of Equipping Operations in any Phase I Well.

Examples of Equipping Costs in a sentence

• The Turnkey Rework and Equipping Costs shall be charged 99% to the Joint Venturers and 1% to the Joint Venture Manager.

• Following a conversion pursuant to Clause 6.03, the Farmor will have the right, through the Farmee, to use a sufficient capacity in any facility not included in Equipping Costs through which the Petroleum Substances subject to the conversion to a Working Interest were being handled or processed prior to that conversion.

• Please Note: Completion and Equipping Costs must be paid within 10 days of the Completion Notice and accompanying Invoice, as rendered by PETROCO, pursuant to such Completion Notice.

• That conversion will apply to the Royalty Lands comprising the Spacing Unit for that Earning Well, the wellbore and all equipment related thereto (to the extent the costs for that equipment were Drilling Costs, Completion Costs or Equipping Costs), effective at Payout.

More Definitions of Equipping Costs

Equipping Costs means all the costs associated with equipping the Venture Well.

Equipping Costs. - means all costs and expenses incurred in or incidental to the Equipping of a Well; "Farmin Account" - is the joint bank account holding monies to be used for the conduct of the Farmin Works;

Equipping Costs means all expenses incurred in or incidental to the Equipping of any Well.