Earning Well definition

Earning Well means the Test Well and the Option Well(s), as the case may be;

Earning Well means the well to be drilled at 14 of 9-38-9-W5M. “Farmin Interest” means two percent (2.000%) Farmin cost interest Farmee has agreed to pay with respect to the drilling of the Earning Well. “Farmout Lands” means the lands and leases more particularly described in Schedule “A” attached hereto.

Earning Well means the new well designated and described in, and to be drilled under, the Farmout Agreement;

Examples of Earning Well in a sentence

• When the Operator has conducted those Production Tests, the Operator will Complete or Abandon the Earning Well as soon as practicable.

• During that period of time prior to Pinnacle's election to participate Encal shall assist Pinnacle in the review of the Additional Earning Well.

• If it elects to participate all rights and obligations applicable to the Earning Well will apply in the same manner to the substitute well.

• The Operator has arranged blow out insurance with respect to the Earning Well and has included the Farmor and Farmee in the coverage.

• The Farmee agrees to participate and pay for its Farmin Interest share of the costs of drilling the Earning Well to Contract Depth and, subject to the provisions herein set forth, its Farmin Interest share of the costs of the Completion, Capping or Abandonment of the Earning Well.

More Definitions of Earning Well

Earning Well means a Well which FARMEE has determined to be capable of producing hydrocarbons in commercial quantities.

Earning Well means a well drilled, completed or abandoned pursuant to Clauses 12(b) or 13(b) as the context requires and where such well is drilled pursuant to a Farmin Agreement or and Additional Farmin Agreement and where such well earns from a third party an interest in Petroleum and Natural Gas Rights;

Earning Well means the well to be drilled at 14 of 9-38-9-W5M.

Earning Well means a well drilled in accordance with the provisions of Article 5 hereof that is (i) a well in which McMoRan participates in the drilling of, and (ii) which is drilled to the Objective Depth, and (iii) which is a well that satisfies the criteria of to 30 CFR 250.111 as a well capable of producing in paying quantities, and (iv) McMoRan, within sixty (60) days from rig release of the Initial Test Well, commits in writing to Texaco its plans to install the necessary facilities (not including Existing Facilities unless the owners thereof agree) as soon as possible to place the hydrocarbons discovered on production, and (v) which well is located at a bottom hole location on a Lease subject hereto or in a Unit including all or a portion of a Lease.

Earning Well means each of the first sixteen (16) vertical Hydrocarbon xxxxx located on lands within the Gunsmoke Project in which Stratex elects to participate following the drilling and Completion of the Obligation Xxxxx.

Earning Well means any well drilled under the terms and conditions of this Agreement by which Farmee is entitled to receive an assignment.

Earning Well shall have the meaning given that term in Section 3.1.