Subject Wells definition

Subject Wells means the oil and gas wells described in Exhibit "A" attached xxxxto as such Exhibit may bx xxxnded from time to time as provided herein.

Subject Wells means the SRO State Com 043II (API 30-015-41141) located in the W/2 W/2 of Sections 17 and 20 (“043H”) and the SRO Stale Com 044H (API 30-015-41142) located in the E/2 W/2 of Sections 17 and 20 (“044H”), Township 26 South, Range 28 East, N.M.P.M. in Eddy County, New Mexico.

Subject Wells has the meaning given to such term in the applicable Coxxxxxnce.

Examples of Subject Wells in a sentence

• Any substitution of Alternate Well(s) for Subject Well(s) pursuant to Section 2.9(b) shall be permitted only if the estimated ultimate reserves and total estimated drilling and completion costs for the proposed Alternate Well(s) are approximately equal to that of the Subject Well(s) for which El Paso has elected to make a substitution under Section 2.9(b).

• El Paso represents and warrants that at the time any Investment Invoice is submitted to Ramshorn for payment, and at the time the related Assignment of Overriding Royalty Interest is filed of record in the appropriate jurisdiction, the Subject Leases to which such invoice relates (to the extent such leases contribute acreage for the Subject Well(s) to be drilled thereon) shall be free and clear of any Encumbrances except Permitted Encumbrances.

• The purchase price for the Net Overriding Royalty Interest is the Investment Percentage of the amount of El Paso's proportionate share (based upon El Paso's working interest in each Subject Well) of the total Investment Costs of the Subject Wells commenced during the Project Term, and which were incurred on xx xxfore the Project Completion Date.

• The Net Profits Account shall be credited with the aggregate Xxxxx Proceeds received by El Paso, and shall be charged with the aggregate Production Costs (or as the case may be, Excess Production Costs) with respect to the Subject Wells, in each case using the Cash Method of Accounting.

• Such Alternate Well(s) shall become Subject Well(s) and any reference to Subject Well(s) shall include such Alternate Well(s).

More Definitions of Subject Wells

Subject Wells shall have the meaning assigned to that term xx xhe PP Conveyance.

Subject Wells means all wells now located on the Subject Intexxxxx which are expresxxx xdentified on Exhibit A hereto (as such exhibit shall be modified from time to time with the mutually consent of the parties).

Subject Wells means the xxxxs identified as txx Xxbject Wells in EXHIBIT A.

Subject Wells means the wells described in Exhibit A-2 attached hereto and made a part hereof.

Subject Wells means (i) all well(s) now or hereafter drilled on lands included within the Dedicated Acreage that are productive of Gas from any formations that are, or at any time during the term of this Agreement have been, operated by Producer or its Affiliates, including the wxxxx set forth on Exhibit “A” of the applicable ITC, together with all leaseholds and servitudes, working interests, royalties, overriding royalties, other expense and non-expense bearing interests, carried interests, fee interests or other real property interests in, attributable to, or associated with such wxxxx, and (ii) the well(s) labeled as “Wellbore Dedication Only” set forth on Exhibit “A” of the applicable ITC.

Subject Wells means those oil and gas wells (or proposed wells or locations) listed in Exhibit B hereto.

Subject Wells means any and all wells now located on the Leases or hereaftex xxxlled on the Leases, xxx xny other wells now or hereafter located on lands, waterbottoms, or leases pooxxx, communitized or unitized with the Leases, from the surface to the total depth to which any such well or wells may be drilled.