Offsetting Tract definition
Offsetting Tract means (a) with respect to a Single Boundary Down-Spaced Well, that certain forty (40) acre, quarter-quarter section of land that adjoins that certain boundary line of the Existing Wellbore Tract with respect to which the proposed Single Boundary Down-Spaced Well is to be bottom-holed within one hundred feet (100’), and (b) with respect to a Dual Boundary Down-Spaced Well, those certain three (3) forty (40) acre, quarter-quarter sections of land that touch that certain corner of the Existing Wellbore Tract with respect to which the proposed Dual Boundary Down-Spaced Well is to be bottom-holed on or within one hundred feet (100’).