Drilling and Completion Costs definition
Drilling and Completion Costs means all costs, excluding Operating Costs, of drilling, completing, testing, equipping and bringing a well into production or plugging and abandoning it, including all labor and other construction and installation costs incident thereto, location and surface damages, cementing, drilling mud and chemicals, drillstem tests and core analysis, engineering and well site geological expenses, electric logs, costs of plugging back, deepening, rework operations, repairing or performing remedial work of any type, costs of plugging and abandoning any well participated in by the Partnership, and reimbursements and compensation to well operators, including charges paid to the Managing General Partner as unit operator during the drilling and completion phase of a well, plus the cost of the gathering system and of acquiring leasehold interests.
Drilling and Completion Costs means all costs incurred in connection with Drilling and Completion Activities, all of which will be determined, and billed to the parties participating in such activities, pursuant to the Operating Agreement.
Drilling and Completion Costs means all anticipated capital costs to be incurred, Through the Tanks, in the drilling, deepening, sidetracking, plugging back, testing, completing, recompleting and equipping of a Commitment Well, Carry Well and/or any other Subsequent Well, as such costs appear on the applicable AFE.
Examples of Drilling and Completion Costs in a sentence
To the extent that a Partnership acquires less than 100% of a Prospect, its Drilling and Completion Costs of that Prospect will proportionately decrease.
The Managing Partner is specifically authorized to retain cash reserves for payment of anticipated General and Administrative Expenses, Drilling and Completion Costs, Lease Operating Costs, and Subsequent Operations.
The term Drilling and Completion Costs does not include Lease Operating Costs, the costs of Subsequent Operations, or General and Administrative Expenses of the Partnership.
If the Partnership acquires less than 100% of a Prospect, its Drilling and Completion Costs of that Prospect will proportionately decrease.
Notwithstanding the payment terms of any Operating Agreement to the contrary, as to any Well proposed by Nytis under any Operating Agreement, Nytis shall invoice Liberty twenty (20) days prior to the estimated spud date for such Well for Liberty’s estimated share of Drilling and Completion Costs on each such Well.
More Definitions of Drilling and Completion Costs
Drilling and Completion Costs means amounts owed to third Persons that are not an Affiliate of the Borrower incurred by the Borrower, or to the extent such contracts are with Affiliates of Borrower, amounts owed under such contracts to the extent on an arm's-length basis with terms and costs approved by Administrative Agent, in its sole discretion, in drilling, completing and equipping for production a Well.
Drilling and Completion Costs means all reasonable and necessary drilling and completion costs incurred and paid by the cumulative working interests in connection with the high-cost gas well.
Drilling and Completion Costs means all of CONSOL’s and its Affiliates’ Share of Development Costs, attributable to (a) examining title and preparing locations for ▇▇▇▇▇, (b) the drilling, testing, completing, deepening, recompleting, sidetracking, reworking and plugging back of ▇▇▇▇▇, (c) the plugging and abandoning of dry holes or ▇▇▇▇▇ no longer capable of producing in paying quantities, (d) the equipping of ▇▇▇▇▇ for production (including costs of mobilizing and demobilizing drilling and workover rigs to and from the well-site) and construction of infrastructure and facilities in order to transport the Hydrocarbons produced from any ▇▇▇▇▇ part of the Subject Assets to the lease tank or gathering system, (e) permitting, (f) reclamation and related costs and (g) drilling overhead chargeable under the Applicable Operating Agreement. For the avoidance of doubt, Drilling and Completion Costs shall not include (i) the costs of construction and operation of gathering and transportation systems, central delivery facilities or pipelines, (ii) any remedial operations (including sidetracking, deepening, reworking or plugging back operations) that are taken with respect to a well after the well has been drilled and initially completed, (iii) lease operating expenses, or (iv) costs of acquiring Fill-In Interests or Option Interests.
Drilling and Completion Costs means all costs necessary for the drilling, completion, suspension, connection to and modification of the Existing Facilities to produce and recover production, abandonment (if the Well is determined to be incapable of producing Petroleum in commercial quantities) and installation of gas lift facilities relating to a Well including all third party costs, inventory supplied by the Operator and Operator costs at rates agreed as set out in Appendix 2;
Drilling and Completion Costs means the costs and expenses associated with (a) the drilling, testing and completing of the ▇▇▇▇▇ Through the Tanks and (b) the plugging and abandoning of dry holes or ▇▇▇▇▇ spudded but not completed.
Drilling and Completion Costs means all costs, excluding Operating Costs, of drilling, completing, testing, equipping and bringing a well into production or plugging and abandoning it, including, but not limited to, IDC, tangible costs that must be capitalized pursuant to Regulation section 1.612-4(c)(1), the cost of gathering systems, all labor and other construction and installation costs incident thereto, location and surface damages, cementing, drilling mud and chemicals, drillstem tests and core analysis, engineering and well site geological expenses, electric logs, costs of plugging back, deepening, rework operations, repairing or performing remedial work of any type, costs of plugging and abandoning any well participated in by the Partnership, and reimbursements and compensation to well operators, including charges paid to the Managing General Partner as unit operator during the drilling and completion phase of a well.
Drilling and Completion Costs means all costs associated with drilling and completing ▇▇▇▇▇ producing from the Subject Interests, including costs associated with (a) the drilling, testing, completing, deepening, recompleting, sidetracking, reworking and plugging back of ▇▇▇▇▇, (b) the plugging and abandoning of dry holes or ▇▇▇▇▇ no longer capable of producing in paying quantities, (c) the equipping of ▇▇▇▇▇ for production, including costs of mobilizing and demobilizing drilling and workover rigs to and from the well-site, (d) if applicable, the construction of infrastructure and facilities in order to transport the Hydrocarbons produced from the Subject Interests to the sales point, (e) third-party title review or examination, (f) permitting, (g) reclamation and related costs, (h) initial tubing and artificial lift installation, and (i) any second completion mobilization and related workover costs in any wellbore drilled in the Drilling Program.