Completed well definition
Completed well means a well that has (a) produced or is ready to produce formation hydrocarbons through the permanent wellhead facilities, or (b) been declared a dry hole and temporarily abandoned or plugged and abandoned, or (c) been otherwise readied for operations as in the case of injection and service wells.
Completed well means a well in which the petroleum bearing formations or effluent disposal formation is open to the well, complete with equipment installed in the well and at the well-head thereby it is physically able to perform as a petroleum producer, injector or disposal well;
Completed well means a well owned by Seller or any of its Affiliates that is ready for connection and for which all necessary permits and Right-of-Ways have been obtained.
More Definitions of Completed well
Completed well provided that such well is drilled to a depth sufficient to penetrate the stratigraphic equivalent of the B▇▇▇▇▇▇ Shale Formation and the well is tested in such formation. Actual drilling operations shall be deemed to have “commenced” in accordance with the terms of this Agreement at such point in time as a rig capable of conducting drilling operations to the Objective Depth has been rigged up on the well site.
Completed well means a well which has been fully equipped for the taking of production through and including the tanks for an oil well and through and including the christmas tree for a gas well, or plugged and abandoned, if a dry hole.
Completed well means to plug off the well with cement plugs and remove (or plan to remove at a later date) all recoverable equipment.
Completed well means a well in which the petroleum bearing formations is open to the well, complete with equipment installed in the well and at the well-head so that it is physically able to produce petroleum ;