service well definition

service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.
service well. ’ means a well drilled or completed for the purpose of supporting production in an existing field. Specific purposes of service wells include gas injection, water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.
service well means a well that, as part of a multi-well system, is used for drilling laterals, stimulation, or maintenance, or functions in any capacity other than as a conduit to the surface for the production of oil and gas.

More Definitions of service well

service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.Numbers may not add due to rounding.The estimates of future net revenue presented do not represent fair market value.The forecast price and cost assumptions assume the continuance of current laws and regulations.RISK FACTORSInvestors should carefully consider all of the information disclosed in this AIF prior to investing in the securities of Franco-Nevada. In addition to the other information presented in this AIF, the following risk factors should be given special consideration when evaluating an investment in such securities.Risks Related to the Business of Franco-NevadaChanges in the market price of the commodities that underlie the royalty, stream, working and other interests will affect the profitability of Franco-Nevada and the revenue generated therefromThe revenue derived by Franco-Nevada from its asset portfolio, working interests and investments will be significantly affected by changes in the market price of the commodities underlying the royalties, streams, working interests and investments. Franco-Nevada’s revenue will be particularly sensitive to changes in the price of gold, oil, natural gas, PGMs and copper, as the revenue from these commodities represents the majority of the cash flow derived from the asset portfolio. Commodity prices, including those to which Franco-Nevada is exposed, fluctuate on a daily basis and are affected by numerous factors beyond the control of Franco-Nevada, including levels of supply and demand, industrial development levels, inflation and the level of interest rates, the strength of the U.S. dollar and geopolitical events in significant oil and natural gas producing countries. Such external economic factors are in turn influenced by changes in international investment patterns, monetary systems and political developments.All commodities, by their nature, are subject to wide price fluctuations and future material price declines will result in a decrease in revenue or, in the case of severe declines that cause a suspension or termination of production by relevant operators, a complete cessation of revenue from royalties, streams or working interests applica...
service well means a well drilled for any of the following:
service well means a well drilled or completed for the purpose of supporting production in an existing
service well means a well such as a water or gas-injection, water-source or water-disposal well. Such wells do not have marketable reserves of crude oil or natural gas attributed to them but are essential to the production of the crude oil and natural gas reserves.
service well means a well for which the commission has issued a permit that is not a producing well. The term includes an injection, disposal, or brine mining well.
service well means any well used for the purpose of obtaining water for injection or for injecting natural gas, air, water, or any other substance into an underground formation. (EC170/74)
service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion. The majority of Freehold's reserves as estimated in the Trimble Report and all of Freehold's reserves as estimated in the Ryder Scott Report are associated with Freehold's royalty interests. Freehold is not responsible for Development costs associated with the reserves from its royalty interests. Freehold does not anticipate making any Development cost expenditures relating to the reserves associated with its working interest properties and as such no future development costs have been deducted for the purposes of estimating the future net revenue associated with Freehold's reserves in the Trimble Report and Ryder Scott Report. The forecast price and cost assumptions assume the continuance of current laws and regulations. The extent and character of all factual data supplied to Trimble and Ryder Scott were accepted by Trimble and Ryder Scott as represented. No field inspection was conducted. The after-tax net present value calculation of our reserves reflects the tax burden on our properties on a standalone basis, utilizing our tax pools to the maximum depreciation rate as currently permitted. It does not consider the corporate-level tax situation, or tax planning. It does not provide an estimate of the value at the corporate level, which may be significantly different. See our financial statements and accompanying management's discussion and analysis for additional tax information. Certain other terms used herein but not defined herein are defined in NI 51-101 and, unless the context otherwise requires, shall have the same meanings herein as in NI 51-101. Reconciliation of Changes in Reserves The following table is a reconciliation of gross reserves and is provided as a requirement of NI 51-101. Under NI 51-101, gross reserves include only working interests before the deduction of royalties payable and do not include any royalties receivable. Net reserves are working interests minus royalties payable plus royalties receivable. As the majority of our assets are royalty interests, they are excluded from this table. This hinders an investor's ability to compare our reserves to exploration and developme...