Gas well definition
Examples of Gas well in a sentence
At no time during the Development Agreement Term, shall Operator or any of its Affiliates drill, or permit any other person to drill, any Gas well within one thousand two hundred fifty feet (1,250') of any Well where such Gas well would produce oil or gas from the same formations or horizons as any Well situated within said distance.
In addition, upon a fourth DC Gas well going into production, EMVELCO shall transfer an additional 50,366,671 shares of Atia Group Ltd.
At no time during the Term, shall Assignor or any of its Affiliates drill, or permit any other person to drill, any Gas well within one thousand two hundred fifty feet (1,250') of any Wells where such Gas well would ▇▇▇▇▇ce oil or gas from the same formations or horizons as any Well situated within said distance.
Licensee will pay licensor $2,500 per well drilled and ten (10) percent pre-tax revenue generated by the rig as cash is received from Oil & Gas well revenue.