Second Well definition

Second Well means the second well that may be drilled by Syntroleum in accordance with and subject to the provisions of Section 3.2.
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Second Well means the second well (or its substitute) on the second Prospect drilled pursuant to this Agreement.
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Second Well means the second well that may be drilled in accordance with and subject to the provisions of Article 4.2 of this Agreement. Shallow Water Option means the right of YFP to make a one-time election to increase its Revenue Participation in the Shallow Water Option Area pursuant to the provisions of Article 2.2(B).
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Examples of Second Well in a sentence

  • The Second Well shall be drilled, and completed pursuant to the same terms and provisions as contained herein for the drilling of the Initial Well.

  • The obligation of Syntroleum to commence or cause to be commenced the drilling of the Second Well may be extended by reasons of Force Majeure, Rig Unavailability or Governmental Delay.

  • Subject to rig and auxiliary equipment availability, not later than six (6) months following release or the rig drilling the Second Well, and provided that the ▇▇▇▇▇ drilled in the Firm Work Programme above demonstrate that either the Field and/or the Selected Exploration Prospect are economically viable for development, or the Parties agree that the Field is economically viable for development on a stand-alone basis, the Parties shall commence drilling a well on the Field.

  • If Syntroleum fails to commence the drilling of the Second Well within twelve months after the completion of the drilling of the Initial Well as such time period may be extended as provided in this Section 3.2, then Syntroleum shall cease to have any rights or obligations in respect of the OML 113 Lease and shall reassign and re-convey the Assigned Interests to YFP at no cost to YFP.

  • In the event that Syntroleum does not deliver to YFP a Declaration of Commerciality after the Initial Well the location of the Second Well may be drilled at any location selected by Syntroleum on the OML 113 Lease.

  • In the event the First Well is drilled on the Selected Exploration Prospect, the Second Well shall be drilled.

  • If the Declaration of Commerciality is delivered by Syntroleum after the completion of the drilling of the Initial Well, then Syntroleum will drill a Second Well at a location outside of the boundaries of the Aje Field to be selected by Syntroleum in order to test a geological structure within the OML 113 Lease other than the Aje Field.

  • If GMX elects to participate in the Second Well, GMX may elect to have PVOG advance ("Advance") all the costs attributable to GMX's share of drilling and completion costs subject to the terms of the applicable Operating Agreement.

  • The respective BPO and APO interests in the Second and Third W▇▇▇▇ drilled pursuant to this Agreement (if drilled) shall be as set forth in the table below: HCC’s and E▇▇▇▇▇▇’s working interests in the Second Well (if drilled) and Third Well (if drilled) shall be carried through the tanks.

  • Subject to the provisions of Article 4.2(B), within one hundred fifty (150) days after the plugging and abandonment (permanently or temporarily) of the Initial Well, the Parties shall meet to discuss the results of the Initial Well, whether any Discovery warrants development and whether the Second Well should be drilled.

Related to Second Well

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Deep well means a well located and constructed in such a manner that there is a continuous layer of low permeability soil or rock at least 5 feet thick located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Horizontal well means a well with a horizontal displacement of the well bore drilled at

  • Oil well means any well capable of producing oil or oil and casinghead gas from a common source of supply as determined by the commission.