Prospect well definition

Prospect well or “exploratory well” means any well drilled to extend a field or explore a new, potentially productive reservoir.
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Prospect well means the well which is to be drilled on a Prospect;
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Prospect well or “exploratory well” means any well drilled to extend a field or explore a
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Examples of Prospect well in a sentence

  • In as much as Chevron has or may enter into similar Agreements with other parties or Co-Working Interest Owners which may cover Available Acreage on one or more of the Prospects listed on Exhibit "A" and/or Exhibit "B," any Chevron interest farmed out pursuant to this Agreement or participation agreements shall be proportioned among the parties desiring to participate in that specific Prospect well.

  • Such drilling may be proposed no more than three (3) Additional Prospects at a time, with proposals for Additional Prospects being made immediately after the last of the previously proposed Additional Prospect well is completed as a producer or plugged and abandoned as a dry hole.

  • While Pohle shall use its be▇▇ ▇fforts to develop Prospects in accordance with sound and prudent oilfield and geological and geophysical standards and practices, Pohle makes no represent▇▇▇▇▇s, and hereby expressly disclaims all representations and warranties, express or implied, with respect to the success or probability of success of any Prospect or Prospect well.