SAGD definition

SAGD means steam assisted gravity drainage;

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SAGD means Steam Assisted Gravity Drainage, an in situ production process used to recover bitumen from oil sands;

SAGD means steam assisted gravity drainage, an in-situ process used to recover bitumen from oil sands located too deep to be profitably mined;

Examples of SAGD in a sentence

• SAGD will pay a production royalty of all minerals mined form the property in the form of a Net Smelter Return with the Net Smelter Return to Western of three percent (3%).

• Should SAGD cause to be issued a property report meeting the industry guidelines indicating probable or proven reserves in excess of two million ounces of silver on the property, Western shall receive an additional thirty thousand dollars in cash or restricted shares value determined as (3) above, within thirty days of publication of such report.

• During the term of this lease SAGD will be responsible for the payment of any property taxes, and indemnify Western for any and all activities SAGD conducts on the property, and secure all required permits and operating licenses for SAGD activities on the property.

• From and after the date of this Farmout Agreement until completion in all substantial respects of the SAGD Demonstration Project, Farmee shall pay to Farmor in respect of each month Farmor's Administrative Costs provided that such amount shall not exceed Thirty Thousand United States Dollars (US$30,000) in any month.

• SAGD agrees to lease the project effective immediately; with the understanding the option to purchase requires a definitive agreement per (5) below.

More Definitions of SAGD

SAGD means steam assisted gravity drainage, an in situ process used to recover bitumen from oil sands. "saturation" is the fraction or percentage of the pore volume occupied by a specific fluid (e.g., oil, gas, water, etc.).

SAGD means steam assisted gravity drainage, a tertiary recovery process used primarily in oilsands and heavy oil operations;

SAGD means steam assisted gravity drainage, an in-situ recovery process used to produce heavy crude oil and bitumen. Two parallel horizontal wells, which are generally 5 metres apart, are drilled for the SAGD process. Steam is injected to the upper steam injector and a steam chamber is developed above the injector. With the growth of the steam chamber, mobilized bitumen drains to the producer below the injector and is lifted to the surface through an artificial lift system;

SAGD means steam-assisted gravity drainage “SCO” means synthetic light crude oil

SAGD. ’ means steam assisted gravity drainage, an in situ production process used to recover bitumen from oil sands; ‘‘SEC’’ means the United States Securities and Exchange Commission;

SAGD means steam-adjusted gravity drainage;

SAGD means steam assisted gravity drainage; “TSX” means the Toronto Stock Exchange; and “WCSB” means Western Canadian Sedimentary Basin.