Carry Well definition

Carry Well has the meaning assigned thereto in Section 2.1.
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Carry Well means a well that satisfies both of the following conditions: (1) such well is drilled as a horizontal well in the Niobrara formation (i.e., a well in which the wellbore deviates from approximate vertical orientation to approximate horizontal orientation in order to drill within and test a geological interval, using deviation equipment, services and technology); and (2) such well is spudded after Carrizo acquires 3D seismic data covering all or a portion of the Leases unless either: (a) Seller has agreed in writing that such well qualifies as a Carry Well notwithstanding that it is drilled prior to Carrizo’s acquisition of 3D seismic data covering all or a portion of the Leases, or (b) such well is drilled in Section 26, Township 8 North, Range 61 West, 6th P.M., Weld County, Colorado. No provision of this Agreement prohibits or restricts Carrizo from drilling a well or xxxxx on the Leases during the Drilling Period that do not qualify as Carry Xxxxx as defined in this paragraph 4.3 or retaining Retained Tracts (as defined in Section 4.1) for such horizontal xxxxx.
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Carry Well means each Initial Carry Well and each Approved Set Well.
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Examples of Carry Well in a sentence

  • AEE shall provide written notice of the occurrence of Payout with respect to a Carry Well within ten (10) Business Days of such Payout.

  • EPC’s obligations with respect to each Carry Well shall be a covenant running with the land and shall burden and bind all permitted assignees of EPC under this Agreement and the properties subject hereto.VI.

  • Furthermore, if AEE is unable to act as operator with respect to the drilling and completion of a Carry Well, then NEGP shall not be required to participate in, or pay any Costs of Drilling and Completing with respect to, such Carry Well and the Carry Obligation for such Carry Well shall cease to apply.

  • For the avoidance of doubt, NEGP shall pay its share of costs associated with the NEGP Working Interest Share in each Carry Well in accordance with the Joint Operating Agreement.

  • In the event that NEGP shall receive any proceeds from such Carry Well to which AEE is entitled under this Agreement, then NEGP shall promptly forward any such proceeds to AEE.

  • If AEE is not able to locate such an alternate drilling location, or NEGP does not agree with such alternate drilling location, notwithstanding anything to the contrary in this Agreement, AEE shall not be required to drill, and NEGP shall not be required to participate in, or pay any Costs of Drilling and Completing with respect to, such Carry Well and the Carry Obligation for such Carry Well shall cease to apply.

  • For the avoidance of doubt, NEGP shall also be entitled to all proceeds of production attributable to the NEGP Working Interest in each Carry Well.

  • ORION may not propose more than one (1) Carry Well targeting the Mississippian Formation per Governmental Section prior to April 1, 2013 without EPC’s consent so long as any balance remains under the Carry Cap.

  • Nytis shall use its best efforts to spud the first Drilling Commitment Carry Well on or before the date which is thirty (30) days following the Closing, and shall drill such Drilling Commitment Carry Well in accordance with an AFE in the form attached hereto as Exhibit D.

  • AEE shall be entitled to all proceeds of production attributable to the Earned Wellbore Interests for a Carry Well following Payout for such Carry Well.

Related to Carry Well

  • Deep well means a well located and constructed in such a manner that there is a continuous layer of low permeability soil or rock at least 5 feet thick located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Test Well means a well constructed for the purpose of obtaining information needed to design a well prior to its construction. Test wells are cased and can be converted to observation or monitoring wells and under certain circumstances to production wells

  • Horizontal well means a well bore drilled laterally at an angle of at least eighty (80) degrees to the vertical or with a horizontal projection exceeding one hundred (100) feet measured from the initial point of penetration into the productive formation through the terminus of the lateral in the same common source of supply.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low-permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Water well means an excavation that is drilled, cored, bored, augered, washed, driven, dug, jetted, or otherwise constructed for the purpose of exploring for groundwater, monitoring groundwater, utilizing the geothermal properties of the ground, or extracting water from or injecting water into the aquifer. “Water well” does not include an open ditch or drain tiles or an excavation made for obtaining or prospecting for oil, natural gas, minerals, or products mined or quarried.

  • Oil well means any well capable of producing oil or oil and casinghead gas from a common source of supply as determined by the commission.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • stratigraphic test well means a drilling effort, geologically directed, to obtain information pertaining to a specific geologic condition. Ordinarily, such wells are drilled without the intention of being completed for hydrocarbon production. They include wells for the purpose of core tests and all types of expendable holes related to hydrocarbon exploration. Stratigraphic test wells are classified as (i) "exploratory type" if not drilled into a proved property; or (ii) "development type", if drilled into a proved property. Development type stratigraphic wells are also referred to as "evaluation wells".

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • Drill means a response to a planned, simulated event.

  • Injection well means a well into which fluids are injected. (See also “underground injection”.)

  • Lot depth Means the horizontal distance between the front and rear lot lines. If the front and rear lot lines are not parallel, “lot depth” means the length of a straight line joining the middle of the front lot line with the middle of the rear lot line. If there is no rear lot line, “lot depth” means the length of a straight line joining the middle of the front lot line with the apex of the triangle formed by the side lot lines. (See illustration page at end of Section.)

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Workover means operations on a producing well to restore or increase production.

  • service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.

  • Project Area means land or lands located within the incentive

  • borehole means a hole sunk into the earth for the purpose of locating, abstracting or using subterranean water and includes a spring;

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Contract Area means, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).

  • Abandoned well means a well whose use has been permanently discontinued or which is in a state of disrepair such that it cannot be used for its intended purpose or for observation purposes.

  • JOA means the joint operating agreement currently in force in respect of operations pursuant to a Licence and identified as such in Schedule 1;

  • Drilling unit means the area fixed for the drilling of one well by order or rule of any state or federal body having authority. If a Drilling Unit is not fixed by any such rule or order, a Drilling Unit shall be the drilling unit as established by the pattern of drilling in the Contract Area unless fixed by express agreement of the Drilling Parties.