Subject Interval definition
Subject Interval means (a) with respect to a Well, the currently producing (or most recently produced if not currently producing) formation of such Well and (b) with respect to a Lease (but not as to a Well to which such Lease is attributed production), the First Bone Spring, the Second Bone Spring, the Third Bone Spring, the Wolfcamp A, the Wolfcamp B and the Wolfcamp C (each as defined on Schedule SI), as specified for such Lease on Annex A-1.
Subject Interval means that interval extending from the surface of the earth down to the Base of the ▇▇▇▇▇▇▇▇▇▇ Shale Formation (as defined herein below); (ii) the term the “Base of the ▇▇▇▇▇▇▇▇▇▇ Shale Formation” means the correlative stratigraphic equivalent to that point found at 5,778 feet measured depth on the PEX log (Array-Induction/Gamma Ray, Litho-Density, Compensated Neutron) (the “Log”) for the Green Bay Packaging 8-10 #1-4 well (API No. 03-145-100350000) located in Section 4 Township 8-North, Range 10-West, Cleburne County, Arkansas, and (iii) the term “Subject Lands” means that portion of the lands covered by the Leases that is more particularly described in Exhibit B;
Examples of Subject Interval in a sentence
Those oil and gas leases described in Exhibit A, (each, a “Lease” and sometimes, collectively, the “Leases”); INSOFAR AND ONLY INSOFAR as the Leases cover both the Subject Interval (as defined herein below) and the Subject Lands (as defined herein below)(collectively, the “Subject Interests”).