Well Report definition

Well Report means a report summarizing for a well, for the initial twenty four hour period or each 30-day period, as applicable, (a) the gross volume of sales and actual production during such period and current prices being received for such production, (b) the related severance, gross production, occupation, excise, sales, recording, ad valorem, gathering and other similar taxes, if any, deducted from gross proceeds during such month, (c) production or take or pay imbalances and (d) leasehold operating expenses and drilling expenditures attributable thereto and incurred during such month.
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Examples of Well Report in a sentence

  • Monitoring well installation costs include drilling, decontamination, coring, all well materials, surface completion, cap, lock, and Water Well Report Generation.

  • In addition to labor, equipment, and material costs associated with the drilling activities, boring costs include decontamination, coring, plugging, and Water Well Report generation costs.

  • Redwood shall furnish the other Parties with the Initial Well Report indicating the results of the evaluation and analysis.

  • Buyer shall be deemed to have agreed with all other items and amounts contained in such Well Report.

  • Each Earn-Out Statement shall also include Buyer’s disagreement, if any, with Seller’s calculation of Unconnected Well Volumes contained in the applicable Well Report and specifying in reasonable detail Buyer’s grounds for such disagreement.

  • The Treatment Plant will be designed and installed in accordance with the specifications set forth in the Treating Agreement with an initial capacity sufficient to treat and bring up to pipeline quality specifications eighteen million cubic feet of gas per day (18,000 Mcf/d), assuming that the composition of said gas substantially conforms to the gas quality set forth in the Acceptable Initial Well Report.

  • Otherwise Buyer’s calculations of the applicable Earn-Out Payment(s) shall be made using the calculation of Unconnected Well Volumes set forth in such Well Report.

  • If Buyer objects to any of Seller’s calculations in such Well Report, Buyer’s calculation of the applicable Earn-Out Payment(s) contained in such Earn-Out Statement shall be calculated based on Buyer’s calculation of Unconnected Well Volumes.

  • Subject to the aforesaid and subject to events of Force Majeure, the gathering and transportation pipelines will be installed and operational within one hundred eighty (180) days after the later to occur of (i) Gateway’s receipt of notification by Redwood that it has secured the Injection Well permit, or (ii) an Acceptable Initial Well Report.

  • An End of Well Report shall be furnished to COMPANY's Bangkok office, in conjunction with SERVICES performed and invoice for each well.