Wattenberg Field definition

Wattenberg Field means the Greater Wattenberg Area within the Denver-Julesburg Basin of Colorado as defined by the Colorado Oil and Gas Conservation Commission, which are the lands from and including Townships 2 South to 7 North and Ranges 61 West to 69 West, Six Principal Median.
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Examples of Wattenberg Field in a sentence

  • PDC shall provide all necessary labor, vehicles, supervision, management, accounting, and overhead services for normal production operations, and lease accounting, and shall be entitled to deduct from Partnership revenues a monthly well-tending fee of $400 per Wattenberg Field well, $700 per Piceance Basin, $950 for Red Desert Basin or Williston Basin well and a monthly operating charge of $100 per well.

  • PDC also failed to drill infill wells on the Partnerships’ spacing units when the State of Colorado in 2009 reduced the minimum spacing unit for a vertical well in the Wattenberg Field from 32 acres to 20 acres.

  • The swap with Noble allowed PDC to consolidate its and the Partnerships’ holding in the Wattenberg Field, providing it with more contiguous acreage, which in turn will allow PDC to drill longer and more profitable horizontal wells on Partnership acreage.

  • More specifically, in the Private Placement Offering Memorandum for the Rockies Region 2006 Limited Partnership, it provides that:If the partnership participates in Codell formation wells in Wattenberg Field, we expect to be able to ‘recomplete’ the Codell formation after the wells have been in production for 5 years or more.

  • The Wattenberg Field has been producing since the 1970s and is a premier North American oil and natural gas basin characterized by high recoveries relative to drilling and completion costs, high initial production rates, long reserve life and multiple stacked producing horizons.

  • For the light alkanes, the Tank Battery site in Fort Collins measured the highest of the Fort Collins sites, but had average concentrations about 10 times lower than averages reported for the Platteville site, which is located near gas development in the Greater Wattenberg Field in Weld County, Colorado.

  • Thus, PDC traded a portion of the Partnerships’ spacing units/acreage for acreage that is more contiguous with PDC’s own acreage in the Wattenberg Field, allowing PDC to drill longer and more profitable horizontal wells at the expense of the Partnerships’ own working interests in their prospects.

  • The interests the Partnerships owned in those oil and gas properties are very valuable—the D-J Basin includes the Wattenberg Field.

  • The Partnership will be assigned single well drilling or spacing units or portions thereof for prospects located on PDC's Pxxxxxx or Chevron acreage in Garfield County, Colorado or on acreage in PDC's Nxxxxx or Bxxxxx Project acreage in North Dakota or on development prospects located in the Greater Wattenberg Field Area.

  • Had PDC recompleted the vertical wells and drilled the infill wells, the Partnerships would have had the funds to drill horizontal wells on their prospects in the Wattenberg Field.

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