Contract Depth definition

Contract Depth means a depth sufficient to penetrate 25 meters into the Muskeg formation or 2650m true vertical depth, whichever shall first occur;
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Contract Depth means a depth sufficient to penetrate fifteen metres (15 m) into the Paleozoic formation or nine hundred and fifty meters (950 m) subsurface, whichever first occurs;
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Contract Depth means a depth sufficient to test the through the Ellenberger formation (5,000 feet xx xxxx).
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Examples of Contract Depth in a sentence

  • Each Additional Earning Well shall be drilled at a legal location on the Farmout Lands, but may not be drilled on any Farmout Lands on which Laramie has then earned an assignment hereunder, and shall be drilled to the Contract Depth.

  • If Xxxxxxx is required to determine whether or not the Contract Depth has been sufficiently tested, Xxxxxxx shall consider all comments and information timely provided by Providence and any decision shall be made jointly by Xxxxxxx and Providence based on industry practices as utilized by a reasonably prudent operator and the applicable provisions in the Operating Agreement.

  • Farmee shall while drilling to Contract Depth cut two full bore cores one each from the Viking and Xxxxxx formations.

  • Upon drilling the Initial Earning Well to the Contract Depth and completing that well as a well capable of producing oil and/or gas in Paying Quantities, Dejour/Brownstone shall deliver to Laramie an assignment, as set forth in Section 6, below, of an undivided 70% of Dejour/Brownstone's right, title and interest in the Leases, as to the Earned Acreage, as defined in Section 6.3, below, for the Initial Earning Well, as to all depths.

  • Upon drilling an Additional Earning Well to the Contract Depth and completing that well as a well capable of production in Paying Quantities, Dejour/Brownstone shall deliver to Laramie an assignment, as set forth in Section 6, of an undivided 70% of Dejour/Brownstone's right, title and interest in the Leases, as to the Earned Acreage, as defined in Section 6.3, for each Additional Initial Earning Well, as to all depths.


More Definitions of Contract Depth

Contract Depth means a depth sufficient to penetrate 15 metres into the Upper Manville Clearwater Group or approximately 600 metres subsurface, whichever is shallower.
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Contract Depth means a mmnnum total vertical depth of 900 meters into the BakkenFormation or a total measured depth of 1950m subsurface, whichever shall first occur; (b) "Effective Date" means February 2, 20 12;
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Contract Depth. - means the lesser of:
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Contract Depth means a depth of -1600 metres subsea or 15 metres into the Precambrian, whichever first occurs;
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Contract Depth means a depth of at least 500 meters, which is the minimum depth sufficient to validate the Farmout Lands
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Contract Depth means a depth sufficient to penetrate thirty (30) meters into the Xxxxx formation or a depth of Four Thousand and fifty (4,050) meters subsurface, whichever shall be the lesser.
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Contract Depth means a depth sufficient to penetrate thirty (30) meters into the Xxxxx formation or a depth of Four Thousand and fifty (4,050) meters subsurface, whichever shall be the lesser. “Earning Well” means the well to be drilled at 14 of 9-38-9-W5M. “Farmin Interest” means two percent (2.000%) Farmin cost interest Farmee has agreed to pay with respect to the drilling of the Earning Well. “Farmout Lands” means the lands and leases more particularly described in Schedule “A” attached hereto.
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