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

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;

Examples of Drilling Program in a sentence

• The transfer of an undeveloped Lease from the Partnership to an Affiliated Drilling Program must be made at fair market value if the undeveloped Lease has been held for more than two years.

• For a discussion of the timing of the realization of such tax benefits, see the discussion in the Prospectus under "Tax Aspects -- Special Features of Oil and Gas Taxation -- Basis and At Risk Limitations." The conclusions set forth above are conditioned on our understanding that there are no agreements, arrangements, undertakings or the like other than those expressly reflected in the Partnership Agreement, the Drilling Program Agreement and the other documents appended to the Prospectus.

• Except as noted below, the allocation of income, gains, losses and deductions between the General and Limited Partners and the Managing Partner under each Partnership Agreement and between a Partnership and Mewbourne Development Corporation under each Drilling Program Agreement will be respected for federal income purposes.

• The expenditure amount required by Fellows Energy in the Phase Two Drilling Program will include all direct costs incurred by Fellows Energy’s staff or consultants (limited to ten (10%) percent of the total spent) to manage the Phase Two Drilling Program, but will not include any of Fellows Energy’s overhead and managerial costs.

• Konst, Ron, 2006, Young-Davidson Project 2006 Drilling Program Sample Preparation and Analytical Quality Assurance Report as of September 25.

More Definitions of Drilling Program

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 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 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 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 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 a program for the drilling of one or more wells within a specified area and time using one or more drilling rigs or drilling units 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."