Producing Well definition

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

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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

Examples of Producing Well in a sentence

• To the knowledge of the Company, the Company’s net revenue interest with respect to each Producing Well is no less than the net revenue interest set forth on the exhibits to the Conveyances relating to the PDP Royalties.

• In the event Buyer elects to drill a New Well, and such New Well is completed as commercial producer from the Mississippi Formation, the Secondary Term Assignment applicable to the Producing Well from which commercial production has ceased shall not terminate with respect to any acreage covered by a Lease of which Buyer would have earned a Secondary Term Assignment for completion such New Well.

• The Secondary Term Assignment applicable to the Producing Well from which commercial production has ceased shall not terminate so long as such reworking or drilling/completion operations are diligently and continuously prosecuted with no cessation of more than thirty (30) consecutive days.

• In the event a Producing Well ceases to produce in commercial quantities, Buyer shall have the option to commence operations for the reworking of such Producing Well in order to restore commercial production from the Mississippi Formation therefrom, and/or for the drilling and completion of a new well for production from the Mississippi Formation hereunder on the same Lease or Unit on which such Producing Well is located (a "New Well").

• 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.

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

Producing Well means a completed well that has been placed on regular production;

Producing Well means a well that is producing oil or natural gas or that is capable of production.