Actual Drilling definition

Actual Drilling means spudding in a well on the Leased Premises and continuing diligent drilling practices to the Minimum Depth.
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Actual Drilling shall have the meaning set forth in Clause 11.2. “Additional Capacity” shall have the meaning set forth in Clause 13.2 “Affected Party” shall have the meaning set forth in Clause 21.1.2
Sample 1
Actual Drilling operations shall be deemed commenced at that point in which the drill bit penetrates the earth with a rig that is capable of drilling to total depth, and the drilling operations are continued with due diligence and in a workmanlike manner until completion. Neither the placement of material nor construction of a well location without Actual Drilling operations as detailed above will be deemed commencement of a Well. Upon one of the Final Revisionary Triggers being reached, then the Term Assignment and Participant’s rights in the Contract Area shall terminate as to all Leasehold Interests and all depths covered thereby, except as to depths between the surface and 150’ below the base of the deepest producing formation located within a Governmental Proration Unit assigned to any Well which is producing oil or gas in paying quantities as of the cessation of Actual Drilling operations and all remaining portions of the Leasehold Interests shall automatically revert to Next Bridge.
Sample 1

Examples of Actual Drilling in a sentence

  • Continuous Focus on Operational Improvement Actual Drilling, Completions & Equip.

  • This lease shall terminate prior to the expiration of the Term if Lessee does not commence or cause to be commenced within ninety (90) days of the Effect Date the Actual Drilling of a well on the Leased Premises and diligently drill such well to the Minimum Depth.

  • If at the expiration of the Term, Lessee is engaged in the Actual Drilling of a well on the Leased Premises and there are no other xxxxx on the Leased Premises, or on lands pooled, unitized, or communitized therewith, which are producing in Paying Quantities, this Lease shall not terminate so long as Lessee shall pursue the Actual Drilling of such well with reasonable diligence to completion or abandonment.

  • The commencement or resumption of Actual Drilling Operations or Production in Paying Quantities or payment of Rental within the ninety (90) day period shall have the same effect as though such were commenced, resumed or Rental paid on or before the Anniversary Date.

  • Actual Drilling, Recompleting, Reworking, Refracing and production of Products on any part of the pooled unit shall be treated as if on or from the portion of the Leasehold Estate Included in such unit.

  • Timely payment of a Rental shall extend for twelve (12) months from the Anniversary Date, the time within which Actual Drilling Operations or Production in Paying Quantities must be commenced in order to maintain this Lease.

  • Neither the placement of material nor construction of a well location without Actual Drilling operations as detailed above will be deemed commencement of a Well.

  • For purposes of maintaining this Lease with Unitized Operations pursuant to this section, the definitions for the defined terms Actual Drilling Operations, Actual Reworking Operations, Production in Paying Quantities, Acceptable Lease Operations and/or Shut-in Payments, are expanded to include operations, production or payments attributed to xxxxx whether located on the Leased Premises or on lands pooled or unitized therewith.

  • Includes operated Midland Basin wells only (2) Estimate based on total drilling, completions and equipment costs for a 10,000 ft lateral (3) Spud to rig release days = average spud to rig release days / (average completed lateral foot/1000) Continuous Focus on Operational Improvement Actual Drilling, Completions & Equip.

  • If, during the Primary Term but after the first year thereof, this Lease has been maintained and Actual Drilling Operations or Production in Paying Quantities is not occurring on an Anniversary Date, this Lease shall terminate unless Lessee pays a Rental to the Lessor on or before that Anniversary Date.

Related to Actual Drilling

  • CBM means Capacity Benefit Margin.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Actual torso angle means the angle measured between a vertical line through the "H" point and the torso line using the back angle quadrant on the 3-D H machine. The actual torso angle corresponds theoretically to the design torso angle (for tolerances, see paragraph 3.2.2. below).

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Gasification means the substoichiometric oxidation or steam reformation of a substance to produce a gaseous mixture containing two or more of the following: (i) oxides of carbon; (ii) methane; and (iii) hydrogen;

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • plantation means any land used for the growing and harvesting of crops;

  • Temporary clean coal technology demonstration project means a clean coal technology demonstration project that is operated for a period of five years or less and that complies with the SIP and other requirements necessary to attain and maintain the national ambient air quality standards during the project and after the project is terminated.

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;

  • Power plant means a facility for the generation of

  • Diatomaceous earth filtration means a process resulting in substantial particulate removal in which (1) a precoat cake of diatomaceous earth filter media is deposited on a support membrane (septum), and (2) while the water is filtered by passing through the cake on the septum, additional filter media known as body feed is continuously added to the feed water to maintain the permeability of the filter cake.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • mean high water springs or “MHWS” means the highest level which spring tides reach on average over a period of time;

  • Project Highway means the Site comprising the existing road {, proposed bypasses and tunnels} forming part of [NH-** from km ** to km **] and all Project Assets, and its subsequent development and augmentation in accordance with this Agreement;

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • Power boiler means a boiler in which steam or other vapor is generated at a pressure of more than 15 psig for use external to itself or a boiler in which water is heated and intended for operation at pressures in excess of 160 psig and/or temperatures in excess of 250 degrees F by the direct application of energy from the combustion of fuels or from electricity, solar or nuclear energy.

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Natural area means an area of the rural or non-urban environment which is in an unspoilt natural state or is of high scenic value, and includes, but is not limited to, national parks, game reserves, nature reserves, marine reserves, wilderness areas, areas of extensive agriculture and scenic areas.

  • Actual/365 (Fixed) means the actual number of days in the Interest Period divided by 365.

  • Ground water means water below the land surface in a zone of saturation.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Water Surface Elevation (WSE means the height, in relation to NAVD 1988, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • Conifer means a tree that is a Douglas-fir, true fir, pine, western hemlock, spruce, or cedar.

  • Commercial driver s license" means:

  • Intermodal Rail Yard means a rail facility in which cargo is transferred from drayage truck to train or vice-versa.