Well spacing definition

Well spacing means the minimum distance from any wellbore in the drilling unit to the boundary of the drilling unit.
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Well spacing means the pattern of minimum distances from property boundary lines, and from other wells drilling to or producing from the same pool, and which wells may be located on the surface as established by laws, rules, regulations or orders of the Commission.
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Well spacing means the pattern or minimum distances from drilling unit boundary lines and from other deep wells drilling to or producible from the same pool, at which deep wells may be located.
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Examples of Well spacing in a sentence

  • If the well is successfully completed for the production of petroleum substances, the non-participating Party shall assign to the completing Party all of its right, title and interest in and to the zone(s) so completed in the Test Well spacing unit.

  • The provisions of Schedule "B" will then apply to govern the relationship of Unigeo and GEOCAN and COC with respect to all operations on the Test Well spacing unit.

  • If COC elects to convert its gross overriding royalty interest to a working interest, then after the effective date of election as provided in sub clause (c) COC will own said working interest in the Test Well spacing unit, the Test Well, all equipment therein and thereon and all production therefrom.

  • COC will have a period of thirty (30) days from receipt of such notice to elect to convert its gross overriding royalty interest to a 15% working interest in the Test Well spacing unit.

  • Well spacing requirements will vary and are driven by subsurface structures, material thickness, relative quality of material and potentiometric levels.

  • Upon Farmee having fulfilled its obligations to drill, complete and equip, or abandon the Test Well, as provided for in this Agreement and provided Farmee has not defaulted on the terms of the Agreement, then Farmee shall; have earned Farmor's undivided Ninety-Five Percent (95%) working interest in the Test Well spacing unit in and to the Farmout Lands and Net Carried Interest Lands, identified in Schedule "A" herein and 0700667 BC Ltd.

  • Davidson has a One Hundred Percent Working Interest to the Second Well spacing unit to the lesser of the maximum depth drilled or 8,000 feet.

  • If COC Completes the Test Well, Unigeo and GEOCAN will also surrender to COC their interest in the Test Well spacing unit insofar as it relates to the Completed formation(s).

  • TTEP agrees that it will timely provide Davidson with sufficient Initial Well drillsite information in advance of this assignment obligation that will permit Davidson to survey the Initial Well Spacing Unit perimeter and to generate metes and bounds field notes for such Initial Well spacing unit which are to be attached to the assignment as a part of the legal description of the Leases.

  • Subject to Article 3.00 of the Farmout and Royalty Procedure, the Farmee shall earn 85% of the Farmor's working interest in all rights in the Farmout Lands, subject to a before payout overriding royalty of twelve percent (12%) on 85% of all proceeds therefrom, convertible to 40% of the Farmee's participating interest in the Earning Well spacing unit, and, in the balance of the Farmout Lands, 60% of the Farmor's 85% interest.