Offset Well definition

Offset Well means a well drilled before or subsequent to the Effective Date, and contained in any Spacing Unit laterally or diagonally adjoining the Leased Lands, completed for production of the Leased Substances in Paying Quantities from the same zone(s) or formation(s) as the Leased Substances on the Leased Lands, which Spacing Unit is not owned by the Lessor or, if owned by the Lessor, not under lease to the Lessee.

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Offset Well means any well drilled opposite another well on adjoining property with the specific purpose of preventing drainage to the adjoining property.

Offset Well means a well drilled directly opposite a State tract within a 40 acre square area, or within a directly op- posite unit spaced by the Oklahoma Corporation Commission, or within an area which is generally regarded as the develop- ment unit in the area.

Examples of Offset Well in a sentence

• El Paso shall have the right, but not the obligation, to drill the Mound Point Prospect Offset Well to a deeper depth.

• El Paso will bear its share of the cost and expense of drilling, completing and equipping the Mound Point Prospect Offset Well for first production.

• If such Offset Well will be located within a Development Area in which (1) a Gathering Segment has been constructed or (2) a Fixed Location Lateral is scheduled for construction under the GSB Plan as of the date of the Connection Notice for such Offset Well (each a “DA Offset Well”), the Connection Deadline for such DA Offset Well shall be the later of (a) the Offset Connection Date for such DA Offset Well or (b) the date on which Producer is ready to deliver Gas from such DA Offset Well.

• The second State Tract 5/6 Offset Well will be drilled at the location indicated on the map attached hereto as Exhibit A.

• From time to time, upon request therefor from Grantee, Grantor will promptly provide information and data of the types described in the following subsection with respect to either State Tract 5/6 Offset Well.

More Definitions of Offset Well

Offset Well means a well, the producing interval of which is situated at or within five hundred (500) feet from any point on the exterior boundary of the Leased Premises.

Offset Well means a well required to be completed and put on production by a holder pursuant to an offset notice or allowed to be completed and put on production by the holder pursuant to paragraph 44(3)(d); « puits de compensation »

Offset Well means any well, drilled subsequent to the effective date hereof on any spacing unit laterally adjoining the said lands, which spacing unit does not include lands owned by the Lessor or, if owned by the Lessor, not under lease to the Lessee;

Offset Well means a well required to be put on production of petroleum or natural gas by a lessee pursuant to an offset notice;

Offset Well means a well required to be completed and put on production by a lessee pursuant to an offset notice or allowed to be completed and put on production by the lessee pursuant to section 21(3)(d);

Offset Well means any well drilled opposite another well on adjoining property with the specific

Offset Well means an existing well or planned well to the extent known from available records, that is to be evaluated for risk of collision with a reference well because it is within the area-of- review of a reference well.