Drilling Program definition

Drilling Program means any current or future arrangement between the Company or any Subsidiary of the Company and another Person pursuant to which (i) such Person agrees, or has, prior to the Issue Date, agreed, to drill, complete or perform operations to enhance recovery from, a well or wellx xx mineral interests owned by the Company or such Subsidiary and (ii) the Company or such Subsidiary agrees, or has, prior to the Issue Date, agreed, to convey or assign to such Person an interest in such well or wellx xx accordance with clause (l) of the definition of "Permitted Liens."

Drilling Program means the drilling program to be conducted by the Partnership, MOC, and MD pursuant to the Program Agreement and the rights, interests, and properties of MD and the Partnership under or subject to the Program Agreement.

Drilling Program means the drilling program prepared by InterOil for each well hereunder at least in the level of detail as set out in section 104 of the Regulation.

Examples of Drilling Program in a sentence

• If, upon receipt of the Additional Drilling Program Election, Epsilon fails to deliver the Additional Carry Commitment in accordance with Section 2.3(c), mutatis mutandis subject to the replacement of “December 1, 2025” with “December 1, 2026”, then Epsilon shall be liable and make payment to HWN in the amount of $2,000,000, less any Additional Carry Commitment costs already paid by Epsilon (the “Additional Carry Commitment Default Payment”).

• HWN shall drill, complete and equip or plug and abandon the Xxxxx in the Drilling Program during the Carry Period.

• If HWN provides Epsilon with notice of its election to proceed with the Additional Drilling Program (the “Additional Drilling Program Election”) prior to the expiry of the Carry Period, then: (i) HWN shall complete the Additional Drilling Program; (ii) Epsilon shall fund the Additional Carry Commitment; (iii) the Term shall be extended by the Additional Carry Period; and (iv) Article 2 shall apply to the Additional Drilling Program mutatis mutandis.

• Each of the Xxxxx in the Drilling Program will be drilled on either the Glauconite Lands, Ellerslie Lands or Viking Lands.

• The Parties shall agree on the locations and target formations of the Xxxxx to be Spud as part of the Drilling Program and the timing of Spudding and any delays due to commodity or operational issues.

More Definitions of Drilling Program

Drilling Program means any arrangement between the Borrower or any Subsidiary of the Borrower and another Person pursuant to which (i) such Person agrees (x) to drill, complete or perform operations to enhance recovery from, a well or wellx xx mineral interests owned by the Borrower or such Subsidiary or (y) to pay to the Borrower or such Subsidiary all or a portion of the costs paid or incurred in connection with drilling, completing or performing such other operations (or to reimburse the Borrower or such Subsidiary for such costs within six months of the incurrence thereof) and (ii) the Borrower or such Subsidiary agrees to convey or assign to such person an interest in such well or wellx xx accordance with clause (l) of the definition of "Permitted Liens."

Drilling Program means any current or future arrangement between the Corporation or any Subsidiary of the Corporation and another Person pursuant to which (i) such Person agrees, or has, prior to the Issue Date, agreed, to drill, complete or perform operations to enhance recovery from, a well or wells on mineral interests owned by the Corporation or such Subsidiary and (ii) the Corporation or such Subsidiary agrees, or has, prior to the Issue Date, agreed, to convey or assign to such Person an interest in such well or wells in accordance with clause (l) of the definition of "Permitted Liens."

Drilling Program means drilling activity conducted on a claim or group of claims during a period of time measured from when the drilling begins to the removal of the final drill machine, unless the time is extended by the Registrar for good cause shown;

Drilling Program means the drilling program to be conducted by the Partnership, MOC, and MD pursuant to the Program Agreement and the rights, interests, and properties of MD and the Partnership under or subject to the Program Agreement. A “farmout” shall mean an agreement whereby the owner of the Lease agrees to assign his interest in certain specific acreage to the assignees, retaining some interest such as an Overriding Royalty Interest, an oil and gas payment, offset acreage, or other type of interest, subject to the drilling of one or more specific xxxxx or other performance as a condition of the assignment.

Drilling Program means the exploration, drilling and development of identified drilling projects from Company-held leases and producing acreage in the Gulf of Mexico pursuant to the Contribution Agreement, dated as of February 23, 2018, between the Company and Monza Energy, LLC.

Drilling Program means a program for the drilling of one or more wells within a specified area and time using one or more drilling installations and includes all operations and activities ancillary to the program; ( programme de forage )

Drilling Program means any current or future arrangement between Borrower or any Subsidiary of Borrower and another Person pursuant to which (a) such Person agrees, or has, prior to the Effective Date, agreed, to drill, or perform operations to enhance recovery from, a well or xxxxx on mineral interests, owned by Borrower or such Subsidiary and (b) Borrower or such Subsidiary agrees, or has, prior to the Effective Date, agreed, to convey or assign to such Person an interest in such well or xxxxx in accordance with clause (k) of the definition of "Permitted Liens."