Common use of Producible Reservoir Clause in Contracts

Producible Reservoir. An underground accumulation of Hydrocarbons (a) in a single and separate natural pool characterized by a distinct pressure system, (b) not in Hydrocarbon communication with another accumulation of Hydrocarbons, and (c) into which a Producible Well has been drilled.

Appears in 3 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Offshore Operating Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC)

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Producible Reservoir. An underground accumulation of Hydrocarbons (a) in a single separate from and separate natural pool characterized by a distinct pressure system, (b) not in Hydrocarbon communication with another accumulation of Hydrocarbons, and (cb) into which a Producible Well has been drilled.

Appears in 2 contracts

Samples: Operating Agreement (Anadarko Petroleum Corp), Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp)

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Producible Reservoir. An underground accumulation of Hydrocarbons oil or gas (a) in a single and separate natural pool characterized by a distinct pressure system, (b) not in Hydrocarbon oil or gas communication with another accumulation of Hydrocarbonsoil or gas, and (c) into which a Producible Well has been drilled.

Appears in 2 contracts

Samples: Joint Operating Agreement (West Texas Resources, Inc.), Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

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