Discovery well definition

Discovery well means the first well capable of producing oil or gas in commercial quantities from a pool.

Discovery well means the first well capable of 74

Discovery well means an Exploration Well that hits a Discovery.

Examples of Discovery well in a sentence

• Discovery well (July 2014); producing intermittently; requires workover.❖ Mystic Bayou: 25% WI.

• Discovery well (August 2015); Commenced production November 2015.❖ Current Gross Production: 2.4 MMcfgpd and 33 bcpd.❖ Field Future Development: Additional 3 development well locations to be drilled.❖ Hummer: 12.5% WI.

• Discovery well A-Z petrophysical integration of logs, NMR, core, SCAL, MDTs & well tests for standard petrophysical output plus oil, gas & water effective permeability curves using PetroDB-Vault methodology in clastic and carbonate reservoirs.

• Discovery well locations shown on structural geology map of Roseau Valley (after BRGM, 1985).

• The net reserves (Whitebark's working interest 30%) as at 31 December 2018 for the Wizard Lake Oil Pool in Canada (incorporating the Rex Discovery well) have been assessed by McDaniels and Associates as 1P (proved) reserves of 132,000 bbls and 2P (proved plus probable) reserves 225,000 bbls (refer to Whitebark ASX Announcement 15 March 2019 for further details).

More Definitions of Discovery well

Discovery well means any well capable of producing gas from a single pool in which a well has not been previously produced in paying quantities after testing.

Discovery well means any well capable of producing oil from a single pool in which a well has not been previously produced in paying quantities after testing, capable of producing.

Discovery well means the first well which finds and recovers to the surface Petroleum from a previously unknown or untested Petroleum Pool or where a sufficient indication is proven to the satisfaction of all parties that a Petroleum Pool exists, then a well may be declared a Discovery Well notwithstanding that the well did not test to the surface Petroleum;

Discovery well means a well that discovers a new and previously untapped oil or gas pool. A discovery well may open up a new field or it may locate a previously unknown oil or gas pool in an old field.

Discovery well means a well which establishes production in a new reservoir.

Discovery well means an exploratory well that, in the opinion of the Administrator, has encountered petroleum in quantities of commercial significance;

Discovery well means the first well completed in a common source of supply that is not in communication with any other common source of supply.