Development Wells definition

Development Wells means all oil and gas producing wells other than wildcat wells.
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Development Wells means any oil and gas producing wells other than wildcat wells. "Director" means the executive and administrative head of the division.
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Development Wells means generally wells which are being drilled into a defined prospect which has already been discovered.
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Examples of Development Wells in a sentence

  • All costs associated with or paid or incurred in connection with the drilling, testing, completing, developing and operating the Development Wells or associated with the Subject Interests other than Taxes and Post Production Cost Charges shall be borne solely by Assignor and shall not be included as Chargeable Costs.

  • Only the Assignor’s retained interest in the Subject Interest will count towards the Assignor’s obligation to drill Development Wells under the Development Agreement.

  • All costs associated with or paid or incurred in connection with the initial drilling, testing, completing, and equipping for production of the Development Wells shall be borne solely by Assignor and shall not be included as Chargeable Costs.

  • Subject to Section 11.05, Assignor may from time to time Transfer, mortgage, or pledge its interest in the Development Wells, the Subject Interests, or any part thereof or undivided interest therein, subject to the Royalty Interest and this Conveyance.

  • Any proposal by a Party for a Platform and/or Development Facilities shall not provide for excess capacity and/or space which is greater than ten percent (10%) of what is required for such Platform and/or Development Facilities based upon the expected size of the Producible Reservoir(s); the number of existing Producible Wells; the quality of Hydrocarbons to be produced, processed, xxx transported; and the number of scheduled Development Wells.

  • It is understood and agreed that with respect to Completed Development Wells, the Term Royalty Interest will be calculated on the basis that Assignor's Working Interest in the Subject Development Lands is not burdened by Production Burdens that exceed 12.5%.

  • Development Wells; Effect on Profitability of Windfall Profits Tax “Tiers” 51 33.

  • Issuers that drill Development Wells generally have a higher degree of information about the quality of the prospect being drilled (as compared to Exploration Wells) which leads to a higher likelihood that the drilling will be economically successful.

  • Operator shall plug and abandon all Development Wells that are unsuccessful.

  • An expenditure being made by an issuer that qualifies for a CDE expense is making an oilfield investment (for example, drilling Development Wells) with an outcome that is typically more certain.


More Definitions of Development Wells

Development Wells means a petroleum well which produces or stores petroleum. For clarity, a development well does not include an appraisal well.
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Development Wells means all oil producing wells other than discovery wells and replacement wells.
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Related to Development Wells

  • 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.

  • Development Area means that area to which a development plan is applicable.

  • Development Phase means the period before a vehicle type is type approved.

  • Development Work means any work carried out in relation to the physical construction of a mine;

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

  • Development Project means a project for the development of land within a project area.

  • Development Program means the implementation of the development plan.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • 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

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Development Plan has the meaning set forth in Section 3.2.

  • Project Area means land or lands located within the incentive

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Project area budget means a multiyear projection of annual or cumulative

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);