PRODUCTION ACREAGE. “Production Acreage,” for purposes of this Lease, is a designated area of land around an oil or gas well containing no more than the minimum amount of acreage as set forth below in Section 8.c., and limited in depth from the surface to one hundred feet (100’) below the deepest commercially producing perforations at which such oil or gas well is then completed as a well capable of producing in Paying Quantities from the Production Acreage, as demonstrated by documentation provided by Lessee at the time the Production Acreage is determined, and as may be modified with respect to depths by Section 8.d. below upon termination of Shallow Rights depths and acreage.
PRODUCTION ACREAGE. “Production Acreage”, for purposes of this Lease, is a designated area of land around an oil or gas well capable of producing in Paying Quantities containing no more than the amount of acreage set forth below in Section 8.c., and limited in depth from one hundred feet (100’) above the shallowest commercially producing perforations at which such oil or gas well is completed to one hundred feet (100’) below the deepest commercially producing perforations at which such oil or gas well is then completed, as demonstrated by documentation provided by Lessee at the time the Production Acreage is determined.
PRODUCTION ACREAGE. “Shallow Rights” means, for the purposes of this Lease, all zones from the shallowest depth included in the description of the Leased Premises above to one hundred feet (100’) above the shallowest perforation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is later (and specifically limited to the depths directly above the Productive Acreage as defined herein). Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage during each successive twelve (12) month period until Lessee fully develops the Shallow Rights pursuant to Section 8.c. above. If Xxxxxx fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d., the Lease will terminate as to those Shallow Rights depths (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) in the Shallow Rights), Lessee will promptly prepare and deliver to Lessor a “Partial Release of Oil and Gas Lease” document, and upon Lessor’s approval of such document, Lessee will execute and file the Partial Release of Oil and Gas Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. will be determined according to Sections 8.b. and 8.c. of this Lease.
PRODUCTION ACREAGE. “Production Acreage,” for purposes of this Lease, is a designated area of land around an oil or gas well containing at least the minimum amount of acreage necessary to obtain from the Railroad Commission a drilling permit for a well under the rules applicable to the field from which such well is producing, and limited in depth to one hundred (100’) feet below the deepest commercially producing perforations at which such oil or gas well is then completed as a well capable of producing Oil and/or Gas in Paying Quantities from the Production Acreage, as demonstrated by documentation provided by Lessee at the time the Production Acreage is determined.
