Operations Well definition

Operations Well means a Program Well which falls within the provisions of clause (b) of this paragraph 3.1.1, but for which the Executive's participation is deemed necessary for the Company to retain operations as determined by the disinterested members of the compensation committee of the Company's board of directors. If the Executive fails to provide notice of the Executive's intent to participate and the Executive's proposed participation prior to the specified date as provided herein, the amount of the Approved Percentage for the Calendar Quarter will be deemed to be zero (0).
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Operations Well means a Program Well which falls within the provisions of clause (b) of this paragraph 3.1.1, but for which the Executive's participation is deemed necessary for the Company to retain operations as determined by the disinterested members of the compensation committee of the Company's board of directors. If the Executive elects not to participate for a Calendar Quarter or fails to provide notice of the Executive's intent to participate and the Executive's proposed participation prior to the specified date as provided herein, the amount of the Approved Percentage for the Calendar Quarter will be deemed to be zero (0).
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Examples of Operations Well in a sentence

  • Roberts, Production Operations: Well Completions, Workover, and Stimulation 43-44 (2d ed.

  • The division shall, consistent with the "Gas Operations Well- Drilling Petroleum and Coal Mining Act," within ten days of the receipt of such application, issue a drilling permit to the well operator unless the requested location of the well will conflict with a spacing or pooling order previously entered or unless an application for such an order has been filed and is then pending.

  • Liner design and setting, Casing Buckling and Well Head Loads: Casing landing practices.Petroleum Production Operations: Well equipments, well completion & well perforations, workover & stimulation, design and selection of artificial lift, Surface operations & transportation for oil & gas.

  • Complete the following section on Well Operations Well NameState & CountyDepthDate Production CommencedEstimated Cost To Plug (Attach additional sheet if necessary) OIL & GAS SURETY BOND PROFILE Complete for all oil & gas bonds that exist for any party to this application.

  • These are found in "Airline Operations" Well gentlemen, this is about as far as I can go.

  • Discontinued Operations Well Drilling and Pump Services, page 8 COMMENT 10:Please explain the consideration associated with this transaction more clearly.

  • Affiliation and social fees are shown separately in the consolidated statements of income.

  • Tkc Social Wclfaíc DcpaítÉcnt kas also waíncd a«ainst tkc on«oin« píacticc of Éannal scavcn«in« on ITI’s caÉpns, also pcífoíÉcd ty contíact woíkcís.

  • The majority of the large and complex EU financial institutions that received state support in 2008 and 2009 had above average trading income to total revenue ratios.

  • Level 2 Food and Drink Manufacturing Operations Well actually I expected it to be harder than what it was… I did better than I thought.

Related to Operations Well

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Operations Plan means the document by which PURCHASER notifies STATE of the plans and schedule for completing the operations described in the contract. It also contains the names of the subcontractors, PURCHASER's Authorized Representatives, and STATE's Authorized Representatives. Permit means any permit required by a federal, state, or local government agency before operations under this contract may lawfully begin or continue. Permit includes an incidental take permit under the federal Endangered Species Act.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Mining Operations means every kind of work done by the Operator:

  • Workover means operations on a producing well to restore or increase production.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Water well means an excavation that is drilled, cored, bored, augered, washed, driven, dug, jetted, or otherwise constructed for the purpose of exploring for groundwater, monitoring groundwater, utilizing the geothermal properties of the ground, or extracting water from or injecting water into the aquifer. “Water well” does not include an open ditch or drain tiles or an excavation made for obtaining or prospecting for oil, natural gas, minerals, or products mined or quarried.

  • Drill means a response to a planned, simulated event.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Deep well means a well located and constructed in such a manner that there is a continuous layer of low permeability soil or rock at least 5 feet thick located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • CBM means Capacity Benefit Margin.

  • Generation Operations Center means the location of Buyer’s real-time operations personnel.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Dry well means a type of infiltration practice that allows storm water run-off to flow directly into the ground via a bored or otherwise excavated opening in the ground surface.