Initial Well definition

Initial Well means the well required to be drilled by the parties hereto as provided in Article VI.A.

Initial Well means the well licensed as ______________ / initial well to be drilled by the Parties hereunder.

Initial Well means, with respect to a Prospect, the first well drilled on such Prospect in which Company participates as a Working Interest owner or with respect to which Company retains an overriding royalty or other interest in oil and gas production from such well.

Examples of Initial Well in a sentence

• Subject to the foregoing time limits, Operator shall determine the timing of and the order of drilling the Initial Well Locations.

• It is understood and agreed that the assignment of rights under the Leases and the oil and gas development activities contemplated by this Agreement relate only to the Initial Well Locations and the Additional Well Locations.

• The Developer accepts the title to the Initial Well Locations and leased premises and acknowledges and agrees that, except for any loss, expense, cost, or liability caused by the breach of any of the warranties and representations made by the Operator in Section l(b), any loss, expense, cost or liability whatsoever caused by or related to any defect or failure of the title shall be the sole responsibility of and shall be borne entirely by the Developer.

• The Developer acknowledges that Operator has furnished Developer with the title opinions identified on Exhibit A, and other documents and information which Developer or its counsel has requested in order to determine the adequacy of the title to the Initial Well Locations and leased premises subject to this Agreement.

• The Developer acknowledges that Operator has furnished Developer with the title opinions identified on Exhibit A, and other documents and information that Developer or its counsel has requested in order to determine the adequacy of the title to the Initial Well Locations and leased premises subject to this Agreement.

More Definitions of Initial Well

Initial Well means a well within the Aje Field, the drilling of which is commenced in accordance with and subject to the provisions of Section 3.1.

Initial Well has the meaning given to it in the recitals.

Initial Well means the first well (or its substitute) on the first Prospect drilled pursuant to this Agreement.

Initial Well has the meaning set forth in Section 2.1(a)(iii) of this Agreement.

Initial Well means the first well that Buyer participates in the drilling of within the AMI at a location and to a depth selected at the discretion of Buyer in consultation with Seller. Interests have the meaning set forth in the Recitals.

Initial Well means the AOC Granite 7-32-89-10 W4M well drilled during 1994 to a depth of 1,650 meters or if deepened to a depth of 2,150 meters to test the original target seismic feature located on Petroleum and Natural Gas License No. 5494040101.

Initial Well is defined as the first well, and any substitutes therefore, drilled on each Subject Property.