Well Development Costs definition

Well Development Costs means all costs of (a) drilling, testing, logging, deepening, plugging back, side-tracking, reworking, re-fracing, repairing, workover, completion, re-completion, redrilling, and equipping a Well, (b) the capital costs incurred for processing, transportation and marketing of the oil, gas and other minerals and constituent by-products thereof, or (c) for the plugging and abandonment of the same in the event a Well is determined to be a dry hole (whether or not a completion attempt is made). “Well Development Costs” include (i) all costs incurred in connection with operations in preparation for drilling; (ii) all costs incurred for the settlement of claims for surface damage incurred in connection with the drilling, completion of a Well or the plugging and abandonment of a Well; (iii) costs of restoring the well site in accordance with applicable governmental and/or Lease requirements following completion of drilling and completion operations; and (iv) title examination expense and title curative costs incurred in connection with drilling of a Well. Well Development Costs shall also include any costs paid by Alamo or its Affiliates or cause to be paid by third Persons by Alamo or its Affiliates in transporting, processing, marketing or making the oil and gas marketable or incident to marketing oil and gas or for any central facilities applicable to multiple Xxxxx if such costs are not included in Pipeline Operation Costs.
Sample 1
Well Development Costs means all costs and expenses incurred by Owners, whether before, on or after the Effective Date, to drill (including any activity related to moving in, rigging up, logging and testing the Well, constructing and upgrading access roads, obtaining and preparing the drillsite, obtaining permits and division order or drill site title opinions, obtaining drilling contractor services and consultants necessary for the drilling of the Well, obtaining mud, chemicals, pipe and supplies, and any other activities related to the foregoing), complete (including any activity related to preparing the Well drilled to total depth for production, installation of production casing, perforating, conducting fracture stimulation and drilling out of fracture plugs or, in the event the Well is not completed as a well capable of producing in paying quantities, plugging and abandoning the Well), and equip (including installing tubing and any other equipment or activities required to bring the Well to first sale, artificial lift, well stimulation and production testing) the Well.
Sample 1

Examples of Well Development Costs in a sentence

  • We leave the exploration of whether it is beneficial to use Coccinelle to express the kinds of changes needed in such software to future work.

  • If Owners desire to rework, sidetrack, deepen, recomplete or plug back the Well (including after the Well is no longer capable of producing in paying quantities), Owners shall give written notice of the proposed operation to Holdings and the estimated Well Development Costs of the proposed operation (a “Subsequent Operations Notice”).

  • As consideration for the Net Profits Interest granted herein, Holdings hereby agrees to pay 100% of the Well Development Costs.

  • This policy applies to all employees and is in accordance with the CCG’s Equality, Diversity and Inclusion Policy.

  • If Lustre from time to time reasonably determines that the Well Development Costs will (or will likely) exceed the Development Funds, Lustre shall submit a written notice (an “Additional Funds Notice”) to Holdings describing the amount by which the Well Development Costs are expected to exceed the Development Funds (the “Additional Development Funds”).

  • The Funded Amount shall be spent for Asset Acquisition Costs, Lease Acquisition Costs, Well Development Costs and Pipeline Development Costs.

  • However, extra-schedular consideration is available to a veteran when (1) the schedular rating criteria are inade- quate to describe the severity and symptoms of his disabil- ity; (2) the disability is exceptional or unusual, such as because of marked interference with employment or fre- quent periods of hospitalization; and (3) the award of an extra-schedular disability rating is in the interest of jus- tice.

  • Install rubber boot with word TOP at the top of the headlamp lens assembly.

  • Endorsement of the audited annual financial reports of the executive committee, and release from liability ("Entlastung") of the executive committee.

  • If Holdings does not elect to pay the Well Development Costs of the proposed operation, or if Holdings does not timely pay such Well Development Costs, then following such election (or deemed election) or failure to timely pay, this Agreement shall terminate and Owners shall have no further obligation to pay the Net Profits Interest, except with respect to amounts which were accrued but unpaid prior to such termination.

Related to Well Development Costs

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Development Project means a project for the development of land within a

  • Commercialization Costs means the out-of-pocket costs and expenses incurred by Adapt or its Affiliates directly attributable to, or reasonably allocable to, the Commercialization of a Product. Commercialization Costs for a Product shall include, preparation of promotional, advertising, communication, medical, and educational materials relating to the Product and other Product literature and selling materials, activities directed to marketing of the Product, including purchase of market data, development and conduct of market research, advertising, public relations, public affairs and other communications with Third Parties regarding the Product; development and conduct of sales force training (including materials, programs and travel to and attendance at training programs) for medical representatives responsible for promoting the Product; and development and maintenance of sales bulletins, call reporting and other monitoring/tracking, sales force targeting, validation and alignment programs and documentation.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Development Phase means the period before a vehicle type is type approved.

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Development Area means that area to which a development plan is applicable.

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Project area budget means a multiyear projection of annual or cumulative

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Cluster development means a contiguous cluster or

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.