Undeveloped acreage means lease acreage on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and natural gas regardless of whether such acreage contains proved reserves.
Undeveloped acreage means those leased acres on which wells have not been drilled or completed to a point that would permit the production of economic quantities of oil and gas, regardless of whether or not such acreage contains proved reserves. Terms used to assign a present value to or to classify our reserves:
Undeveloped acreage means those leased acres on which wells have not been drilled or completed to a point that would permit the production of economic quantities of oil and gas, regardless of whether or not such acreage contains proved reserves.
Examples of Undeveloped acreage in a sentence
Xxxxx Title: Chief Executive Officer EXHIBIT A ASSETS Exhibit A-1 Leases Exhibit X-0, Xxxx 0 Xxxxx Exhibit A-2, Part 2 Undeveloped Acreage Exhibit A-2, Part 3 Well Plats Exhibit A 1 EXHIBIT A-1 LEASES Number TR Lease Lessee Date Book Page County: XXXXXXX, XXXXX XX00000000-000 000 XXXXX XX XXXXX- 000000 X.
Xxxxx Title: Chief Executive Officer EXHIBIT A ASSETS Exhibit A-1 Leases Exhibit X-0, Xxxx 0 Xxxxx Exhibit A-2, Part 2 Undeveloped Acreage Exhibit A-2, Part 3 Well Plats Exhibit A 1 EXHIBIT A-1 LEASES Number TR Lease Lessee Date Book Page County: XXXXXXX, XXXXX XX00000000-000 000 XXXXX XX XXXXX- 000000 T.
More Definitions of Undeveloped acreage
Undeveloped acreage means those leased acres on which wells have not been drilled or completed to a point that would permit the production of economic quantities of crude oil and natural gas, regardless of whether or not such acreage contains proved reserves. Undeveloped acreage includes net acres under the bit until a productive well is established in the spacing unit.
Undeveloped acreage means acreage under lease on which wells have not been drilled or completed such that there is not production of commercial quantities of hydrocarbons;
Undeveloped acreage means the lands burdened by the Leases (or portions thereof) to the extent such lands are not included in any proration or drilling unit of any Well described on Part 1 of Exhibit A-2.
Undeveloped acreage means any Land or other acreage not pooled, communitized or unitized with or otherwise committed to a “Unit”. “Units” shall have the meaning set forth in the definition of “Assets”.
Undeveloped acreage means those leased acres on which wells have not been drilled or completed to a point that would permit the production of economic quantities of oil and gas, regardless of whether or not such acreage contains proved reserves. Our Properties We do not currently have title to any oil and gas properties, however, we hold an interest in an oil and gas company that holds oil and gas leases and we have a mineral rights agreement to acquire certain oil and gas leases as detailed below. CEC North Star Properties Land We are a 31.4% shareholder in North Star. North Star has 73 sections comprised of 46,720 acres of oilsands leases in the Manning area of northwestern Alberta. We hold an indirect interest in this project by virtue of our ownership in North Star. The following maps depict the North Star lands as located in the Province of Alberta and the North Star lands in relation to their locations in the township:
Undeveloped acreage means any Land or other acreage not pooled, communitized or unitized with or otherwise committed to a “Unit”.
Undeveloped acreage means the undeveloped working interest acreage in the prospects described in Exhibit A Part I “Leases Gross/Net WI Acres Re-Cap” excluding therefrom, however, any Well or Future Well located or to be located thereon and the Proration Unit existing (or to be formed) for such Well or Future Well.