Spud definition

Spud means the commencement of drilling a wellbore to a depth to set the requisite amount of surface casing.

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Spud means to start the oil or gas well drilling process by removing rock, dirt, and other sedimentary material with the drill bit.

Spud means Spud Energy Pty Limited, a company incorporated pursuant to the Australian Corporations Act 2001 (Cth) and a wholly-owned subsidiary of Jura.

Examples of Spud in a sentence

The Spud Fee shall be paid by wire transfer of immediately available funds in accordance with the invoicing provisions set forth in Section 4.2.
If the Operator elects to Spud a substitute Earning Well on the Farmout Lands it shall provide notice of its intention, which notice shall include a description of the proposed location, the proposed date of Spudding, and an updated authority for expenditure with respect to the costs of drilling and setting of casing or abandonment of the Earning Well.
Employees shall furnish for their own use all necessary hand tools required to perform assigned work tasks per the following list: Iron Worker Belt 2 - Bolt Bags 1 - 7/8” Spud Wrench 1 - 3/4” Spud Wrench 1 - 12” Adj.
Farmee shall Spud the Option Well at a location selected by Farmee and Farmor acting reasonably on Farmout Lands not yet earned by Farmee within 60 days of the date of the Farmee’s election notice (conditional upon rig availability, Regulatory approvals and surface access).
In the event Farmee so elects, the Option Well shall be Spud within 30 days of Farmee's election to drill, subject to surface access and rig availability.

More Definitions of Spud

Spud means starting of drilling after completion of rig up in a particular location.

Spud means to start the oil or gas well drilling process by removing rock, dirt and other

Spud. , with respect to a well, means the commencement of actual drilling of the well’s surface casing hole using a cable tool or rotary drilling rig, but does not include activities to prepare a site for drilling the well, including installing a conductor pipe;

Spud means Spud Energy Pty Limited, a company incorporated pursuant to the Australian Corporations Act 2001 (Cth).

Spud means, with respect to the drilling of a well, the initial penetration of the ground;

Spud means start of drilling operation after completion of ILM and rig up in a particular location.

Spud. - means that a drilling rig of adequate capacity to drill the Farmin Well or Option Well to Contract Depth, as the case may be, is rigged upon the well site and a drilling bit has penetrated the surface;