Evaluation Well definition

Evaluation Well means a Well drilled after a Discovery, with the objective of delimiting and mapping the deposit, as well as to estimate the quantity of recoverable Hydrocarbons.
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Evaluation Well means any well in respect of which activity will be occurring during the Evaluation Program.
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Evaluation Well means a well, other than an exploration well, drilled in order to evaluate the commercial viability of a geologic trap where hydrocarbons have been discovered.
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Examples of Evaluation Well in a sentence

  • On or before March 31, 2007 Farmee shall spud a minimum of 8 Evaluation Xxxxx (collectively "the Year 1 Evaluation Xxxxx" and individually an "Evaluation Well") at mutually agreeable locations on the Farmout Lands and shall then diligently and continuously drill the Evaluation Xxxxx to Contract Depth and core same throughout that geological formation known as "the XxXxxxxx formation" at its sole cost.

  • IOGW shall, contemporaneously with the ------------------------- completion of Services on an Evaluation Well or any subsequent Project Well, execute and file a Memorandum of Assignment of Net Profits Interest substantially in the form attached as Exhibit G-2.


More Definitions of Evaluation Well

Evaluation Well means a well within the project evaluation area, based on bottom hole location, penetrating the target formation, including the following:
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Evaluation Well means, in respect of the minimum level of evaluation requirements under sections 3(1) and 9(2), a well that is drilled and logged for the purposes of evaluating, in their entirety, each of the oil sands zones granted pursuant to an oil sands agreement, regardless of whether that well was drilled for purposes of producing oil, gas or crude bitumen;
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Related to Evaluation Well

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Evaluation Criteria means the criteria set out under the clause 27 (Evaluation Process) of this Part C, which includes the Qualifying Criteria, Functional Criteria and Price and Preferential Points Assessment.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Feasibility Study means the evaluation and analysis of the potential of a project, which aims at supporting the process of decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success;

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • Injection well means a well into which fluids are injected. (See also “underground injection”.)

  • Evaluation means an appraisal of an individual’s professional performance in relation to his or her job description and professional standards and based on, when applicable, the individual’s evaluation rubric.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low-permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Monitoring well means a water well intended for the purpose of determining groundwater quality or quantity.

  • Oil well means any well capable of producing oil or oil and casinghead gas from a common source of supply as determined by the commission.

  • Test Well means a well constructed for the purpose of obtaining information needed to design a well prior to its construction. Test wells are cased and can be converted to observation or monitoring wells and under certain circumstances to production wells

  • service well means a well drilled or completed for the purpose of supporting production in an existing field. Wells in this class are drilled for the following specific purposes: gas injection (natural gas, propane, butane or flue gas), water injection, steam injection, air injection, salt water disposal, water supply for injection, observation or injection for combustion.

  • Study means the investigation to be conducted in accordance with the Protocol.

  • Commissioning Tests means all of the procedures and tests which, in accordance with the Reasonable and Prudent Standard, and in compliance with industry guidelines, practices and standards, are:

  • Evaluation Team means the team appointed by the City; “Information Meeting” has the meaning set out in section 2.2;

  • Horizontal well means a well bore drilled laterally at an angle of at least eighty (80) degrees to the vertical or with a horizontal projection exceeding one hundred (100) feet measured from the initial point of penetration into the productive formation through the terminus of the lateral in the same common source of supply.

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • Commissioning test means tests applied to a distributed generation facility by the applicant after construction is completed to verify that the facility does not create adverse system impacts and performs to the submitted specifications. At a minimum, the scope of the commissioning tests performed shall include the commissioning test specified in Institute of Electrical and Electronics Engineers, Inc. (IEEE) Standard 1547 Section 5.4 "Commissioning tests".

  • Study Completion means the database for the Study has been locked and all Essential Documents have been provided to the Sponsor, including a copy of the letter from the Reviewing HREC acknowledging receipt of the final report and/or closure letter from the Principal Investigator.

  • Phase III Study means a human clinical trial that is prospectively designed to demonstrate statistically whether a product is safe and effective for use in humans in a manner sufficient to obtain regulatory approval to market such product in patients having the disease or condition being studied as described in 21 C.F.R. § 312.21(c) (FDCA), as amended from time to time, and the foreign equivalent thereof.

  • Firm Transmission Feasibility Study means a study conducted by the Transmission Provider in accordance with Tariff, Part II, section 19.3 and Tariff, Part III, section 32.3.

  • Evaluation Day shall have the meaning set forth in Section 2.3.1(b).

  • Interconnection Feasibility Study means either a Generation Interconnection Feasibility Study or Transmission Interconnection Feasibility Study.

  • Subsurface tracer study means the release of a substance tagged with radioactive material for the purpose of tracing the movement or position of the tagged substance in the well-bore or adjacent formation.

  • Well-logging means all operations involving the lowering and raising of measuring devices or tools that may contain sources of radiation into well-bores or cavities for the purpose of obtaining information about the well or adjacent formations.