Wildcat well definition
Wildcat well means a well drilled to discover a previously unknown pool.
Wildcat well means an oil and gas producing well which is drilled and completed in a pool, as defined under Section 40-6-2, in which a well has not been previously completed as a well capable of producing in commercial quantities.
Wildcat well means an oil and gas producing well which is drilled and
Examples of Wildcat well in a sentence
If Hydrocarbons are encountered in a Wildcat well, the Contractor shall immediately notify the MEM of such discovery and within thirty (30) days thereafter; the Contractor shall also provide the MEM all available information regarding the discovery, including a preliminary classification of the discovery as (1) Liquid Hydrocarbons or (2) Natural Gas.
More Definitions of Wildcat well
Wildcat well means a well outside known fields or the
Wildcat well means a well outside known fields or the first well drilled in an oil or gas field where no other oil and gas production exists. (Section 1-5 of the Act)
Wildcat well means a drilling well in an unproven area.
Wildcat well means any well drilled with the objective of finding Hydrocarbons in a structure or geologic trap in which Hydrocarbons in quantities having commercial potential have not been previously encountered.
Wildcat well means an exploratory well drilled in an area that has no production or is drilled to test a new reservoir rock that has no current production in a producing area.
Wildcat well means any deep vertical or horizontal well that is drilled:
Wildcat well means a well drilled on any geological trap for the purpose of searching for Petroleum accumulations, including ▇▇▇▇▇ drilled for the purpose of obtaining geological and geophysical parameters.