spud date definition

spud date means the date a new well has spudded or the date when commencement of drilling operations has begun for the sidetracking of a wellbore or the commencement of actual operations on a well for a workover, completion or abandonment;
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spud date means the date of first actual penetration of the earth with a drilling bit.
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spud date means the firm date by which Company wants Contractor’s Items Drilling and Contrac- tor’s Personnel available to commence the drilling of a Well as set out in a Work Order in accordance with in Appendix A.
Sample 1

Examples of spud date in a sentence

  • Failure by Participant to commence, or cause to be commenced, drilling operations for a Test Well on or before the Contract Spud Date despite Participant’s best efforts or as a result of an incident of Force Majeure shall not result in a termination of this Agreement or Participant’s rights and obligations hereunder.

  • TWP RNG SEC Q/Q Spud Date CONTRACT # LESSOR LESSEE CONTRACT DATE BOOK PAGE RECEPTION 6119 Anadarko 14-1 0.6985 20N 91W 1 SWSW 02/17/06 803500 Anadarko Land Corp.

  • Initial Test Well / AFE / Contact Spud Date / Contract Depth Subject to rig availability, acquiring all the necessary governmental and regulatory permits and approvals, and the additional provisions of Article 23, Force Majeure, below, Devon, as Operator, will commence operations for the drilling of the ITW by December 31, 2005, hereinafter the "Contract Spud Date".

  • The Parties shall execute a separate Operating Agreement for each Drilling Unit prior to the Spud Date for any Program Well (which is an initial well) drilled hereunder.

  • Horizontal Well Costs Coming Down Capital costs decreasing due to experience, efficiencies, completion / well design optimization, and pad development Operated Horizontal Actual Drilling & Completion Costs Per Lateral Foot (by Spud Date) Short Laterals ___________________________ Excludes $216 per lateral foot of cost due to sidetrack.

  • TWP RNG SEC Q/Q Spud Date LEASE # LESSOR LESSEE LEASE DATE BOOK PAGE RECEPTION 6111 Chevron 2C-4D 0.9985 6S 96W 4 SWNW 03/30/06 687100 Chevron U.S.A., Inc.

  • For each Program Well or PUD Well in which WSGP elects to participate, PetroQuest shall send WSGP a cash call notice for WSGP’s proportionate share of the AFE cost for such well no earlier than fifteen (15) days prior to the estimated Spud Date for such well.

  • Spud Date: 8/2012 1/2013 3/2013 4/2013 6/2013 7/2013 Spud Date: 8/2012 1/2013 3/2013 4/2013 6/2013 7/2013 $423 / ft $129 /m $285 / ft $87 /m $196 / ft $60 /m $193 / ft $59 /m 0 20 40 60 80 100 120 140 0 50 100 150 200 250 300 350 400 450 Göksu-3H Göksu-4H Oba-1 Göksu-5H $ per meter $ per foot Mardin Surface Hole Cost 1) MOLLA DRILLING PROGRESS, CONTINUED 13 Molla surface drilling costs have decreased with well replication.

  • Q2-Q4 Q2-Q4 -Q4 Q4 Q2 Q2 Q4 Q4 Q4 Q4 Q4 Q4 Q1 Q1 Q2-Q3 Q2-Q3 -Q3 Q3 Q4 Q4 Q3 Q3 Q1-Q2 Q1-Q2 -Q2 Q2 Q3 Q3 Q3-Q4 Q3-Q4 -Q4 Q4 Q4 Q4 Q4 Q4 Q3 Q3 Wind River Wind River Williston Williston Denver-Julesberg Denver-Julesberg -Julesberg Julesberg Montana Overthrust Montana Overthrust Paradox Paradox Big Horn Big Horn Basin Basin Basin Prospect Prospect Prospect Play Type Play Type Play Type Planned Spud Date* Planned Planned Spud Date* Spud Date* W.

  • If Momentus does not commence, or cause to be commenced, the drilling of the Test Well by the Spud Date (subject to any extension to the Spud Date in the event of a delay provided for in Section 2(a) above) or the Substitute Well if applicable, then Momentus will lose any rights to earn a fifty percent (50%) working interest in the Farmout Lands exclusive of the Workover Lands and this Agreement shall terminate and Momentus shall not incur any liability to the Farmors.


More Definitions of spud date

spud date means the date upon which actual drilling operations commence for a given well drilled hereunder.
Sample 1
spud date means the date upon which Re-Work activities are initiated on a specified well in a Tranche.
Sample 1
spud date means the day on which the main drill bit begins drilling a well.
Sample 1

Related to spud date

  • Drop Dead Date has the meaning set forth in Section 9.01(b)(i).

  • fixed date means the date fixed in terms of section 1(2) as the date of commencement of this Act;

  • Bid Date means the date fixed for receipt of Bids as per Notice Inviting Bids or as extended by subsequent notification(s).

  • Valid Date means a Scheduled Trading Day that is not a Disrupted Day and on which another Averaging Date in respect of the relevant Valuation Date does not or is not deemed to occur.

  • Designated Date means September 30, 2006.

  • Date The Effective Date (as defined in the Funding Agreement) Acknowledged and Agreed: THE PRINCIPAL LIFE INCOME FUNDINGS TRUST DESIGNATED IN THIS GUARANTEE By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006 By: /s/ Dxxxx X. Xxxx Name: Dxxxx X. Xxxx Title: Vice President Date: The Effective Date (as defined in the Funding Agreement)

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;

  • Billing Commencement Date means the earlier of:

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Dated Date means the date of delivery of the Bonds.

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;

  • Recommencement Date As defined in Section 6(d) hereof.

  • Service Commencement Date in respect of a Service or a particular instance of a Service means the date on which that particular Service or particular instance of a Service is first provided to the Customer, or as otherwise explicitly set out in this Agreement;

  • Offering Commencement Date means the first day of each Offering Period.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Issuer Call Commencement Date means the date specified as such in the definition of the relevant Series in the applicable Final Terms;

  • Initiation Date means the date on which a financial creditor, corporate applicant or operational creditor, as the case may be, makes an application to the Adjudicating Authority for initiating corporate insolvency resolution process;

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.