Productive well definition
Productive well means a well that is found to be capable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of the production exceed production expenses and taxes.
Productive well means a well that is producing oil or natural gas or that is capable of production.
Productive well means a well that is not a dry well. Productive wells include producing wells and wells that are mechanically capable of production.
More Definitions of Productive well
Productive well means a well that is capable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of the production exceed production expenses;
Productive well means a well that produces commercial quantities of hydrocarbons, exclusive of its capacity to produce at a reasonable rate of return.
Productive well means a well that is not a dry well.
Productive well means an exploratory, development or extension well that is not dry
Productive well means a well that is not a dry hole.