Producing Well definition

Producing Well means a well identified as part of the Well for the purposes of this Agreement that produces Production Allocation Substances and to which all such production is assigned by the Regulator;

Producing Well means a well capable of producing oil or

Producing Well means a well capable of producing oil or gas. "Product" means any commodity made from oil and gas. "Production Facilities" means all storage, separation, treating,

Examples of Producing Well in a sentence

• In the event Assignor's Net Revenue Interest in any Producing Well is reduced by virtue of any such Farmout Agreement to less than the indicated interests, such reduction shall be deemed a breach of the warranty provided for in Section 1.04(a) and Assignee shall be entitled to the remedy provided for in Section 1.04(b).

• Assignor will not Transfer any Producing Well or Subject Producing Lands, or Completed Development Well or any of the Subject Interests comprising a part of the Subject Development Lands, pursuant to Sections 11.01 and 11.02 prior to Assignor satisfying the drilling obligations under Section 2.01 of the Development Agreement.

• Term Royalty Gas shall be calculated in accordance with the following formula: With respect to any Producing Well: NINETY PERCENT (90%) X (ASSIGNOR'S NET SHARE OF GAS PRODUCED DURING THAT MONTH).

• Record title to each such Lease shall continue to be held in the name of the Operator until a Producing Well is obtained, at which time the title to the Contract Area will be assigned and conveyed to the Drilling Parties as their respective interests appear in Annex "I", subject to the terms of this Operating Agreement and all third party contracts which are muniments of title in Operator's chain of title.

• LSS/WCA Well Performance2 Howard Borden North Howard Central Howard Middle Spraberry Performance2 Net Acres ~33,500 Q4-21A Net Production (MBOE/D) | % Oil 40.1 | 76% Producing Well Count 178 LSS / WCA Locations1 ~130 MS Locations1 ~35 Total Development Locations1 ~165 Avg.

More Definitions of Producing Well

Producing Well means the Wellbore of each Gas well more particularly --------------- described in Exhibit A-1, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-1.

Producing Well means the Wellbore of each Gas well more particularly described in Exhibit A-1 to the Term Royalty Conveyance, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-1 to the Term Royalty Conveyance.

Producing Well means a well classified by the commission as an oil or gas well in accordance with commission rules.

Producing Well means an oil and or gas well drilled on lands leased from the Welder family under that certain Welder Lease as defined herein, including any amendments thereto or options to lease additional lands from the Welder family granted thereunder, that shall have been drilled and completed as a producing well and tied-in to an oil and or gas pipeline and or other similar delivery system and shall include the acreage and depths allocated to such well as provided under the Welder Lease.

Producing Well means a well capable of producing oil or gas. "Product" means any commodity made from oil and gas.

Producing Well means a bore hole drilled with the object of obtaining petroleum from a petroleum deposit;

Producing Well means a well that is considered by the Minister to be a producing well on the basis of the records of the Board and other information available to the Minister;