Spudding definition
Examples of Spudding in a sentence
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.
Either the timely commencement of the 1H Completion or the Spudding shall hereinafter be referred to as the “Initial Operation”.
Thereafter, APH shall Spud a Program Well at intervals of no longer than ninety (90) days from Spudding the previous Program Well, without regard to the status of any prior Program Well, until the expenditure of all Exploration Funds as provided below or Termination as defined below.
AME is the drilling contractor for such operations and is drilling the well on a turnkey basis pursuant to the Turnkey Drilling Contract and in accordance with the Spudding Statement, (attached as Exhibit C).
The Parties shall agree on the locations and target formations of the ▇▇▇▇▇ to be Spud as part of the Drilling Program and the timing of Spudding and any delays due to commodity or operational issues.
The Royalty Payor will supply to the Royalty Owner notice of its intention to drill a Royalty Well on the Royalty Lands prior to the Spudding of that well.
During such period, but after the Spudding of the third Program Well, APH may extend one such ninety (90) day period by an additional thirty (30) days, by written notice given before the end of such ninety (90) day period and APH may request additional extensions, by written request explaining the reasons therefor and submitted before the end of the period sought to be extended.
Prior to Spudding an Earning Well, Chevron will, following consultation with Lightning, request applicable governmental authorities to offer at a Crown sale undisposed petroleum and natural gas rights within the Area of Mutual Interest that are being evaluated by that well to the extent that the Parties agree is appropriate in the circumstances.
If the EIS is obtained during the Extension Period, then Gasco will, as promptly as is reasonably practical thereafter, begin drilling the Gate Canyon Test Well and the Wilkin Ridge Test Well (and the Spudding of either well will ▇▇▇▇ the end of the Extension Period and the resumption of the Drilling Program).
Beginning on the date of such suspension and ending on the earlier to occur of (x) the Spudding of either the Gate Canyon Test Well or the Wilkin Ridge Test Well and (y) the six (6) month anniversary of such suspension (the “Extension Period”), unless otherwise extended by the Operating Committee, Gasco shall have no obligation to conduct any operations contemplated by the Drilling Program and all ▇▇▇▇▇ that are Spudded during such Extension Period will not be Program ▇▇▇▇▇.