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 well▇ ▇▇ 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 well▇ ▇▇ accordance with clause (l) of the definition of "Permitted Liens."

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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 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.

Examples of Drilling Program in a sentence

• The Co-funded Government – Industry Drilling Program part of the Exploration Incentive Scheme (EIS), is being funded by the State Government to stimulate geoscience exploration and contribute to the economic development of Greenfield regional areas of Western Australia.

• 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.

• The expenditure amount required by Fellows Energy in the Phase One 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 One Drilling Program, but will not include any of Fellows Energy’s overhead and managerial costs.

• Such reimbursement obligation shall also apply to all Administrative Costs incurred by the Program Manager, the Managing Partner or any of its Affiliates on behalf of the Partnership or the Drilling Program from the beginning of the calendar year in which the Partnership is formed to the date of the admission of the Investor Partners.

• 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.

More Definitions of Drilling Program

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 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 ▇▇▇▇▇ or other performance as a condition of the assignment.

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 well▇ ▇▇ 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 well▇ ▇▇ 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 set forth in Schedule 4.19-A (Drilling Program).

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 )