Identified Development Drilling definition

Identified Development Drilling means all drilling and completing, or plugging and abandoning (after a determination that a well is not a Commercial Well), of a Production Partnership Well drilled by or on behalf of the Production Partnership to a reservoir on a Lease or an offset Lease constituting all or a portion of a Producing Property or the recompletion of an existing Production Partnership Well, where (i) the drilling or recompletion of such Production Partnership Well commences after the acquisition of such Producing Property by the Production Partnership and is conducted in order to commence production of Hydrocarbons from Proved Undeveloped Reserves identified in the Acquisition Reserve Report or Engineering Audit Letter prepared in connection with such Producing Property, (ii) the costs of development of the Proved Undeveloped Reserves were taken into account in such Acquisition Reserve Report or Engineering Audit Letter in valuing such Proved Undeveloped Reserves attributable to such Producing Property, and (iii) a portion of the cost paid by the Production Partnership for such Producing Property is attributed by such Acquisition Reserve Report or Engineering Audit Letter to such Proved Undeveloped Reserves. The term, Identified Development Drilling, shall also refer to any Production Partnership Wells drilled or recompleted on a Pxxxxxing Property subsequent to the initial Identified Development Drilling conducted on such Producing Property in order to commence production of Hydrocarbons from Proved Undeveloped Reserves (in addition to those identified in the related Acquisition Reserve Report or Engineering Audit Letter) which have been categorized by the Managing Partner as Proved Undeveloped Reserves by virtue of production obtained from prior Identified Development Drilling conducted on such Producing Property. Any reference to costs incurred in connection with Identified Development Drilling shall include the interest, commitment fees and other financing charges and expenses of Production Partnership borrowings incurred to finance Identified Development Drilling.
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Examples of Identified Development Drilling in a sentence

  • All fees and payments to the General Partner required by Section 4.12B, Commissions and costs incurred in connection with Identified Development Drilling (including any interest, commitment fees and other finance charges with respect to borrowing incurred in connection therewith) and Property Acquisition Costs will be charged 99% to the Unit Holders and 1% to the General Partner.

  • The Partnership shall not conduct any drilling of xxxxx other than Development Drilling and Identified Development Drilling; provided, however, that the drilling of xxxxx other than Development Drilling and Identified Development Drilling may be performed on behalf of the Partnership pursuant to Farmouts or when such drilling may be deemed necessary or appropriate to preserve or protect the Partnership's interest in or the production from a Producing Property.

  • Facilitate assessment and implementation of opportunities for structural change where appropriate.

  • Rescheduling of January Meeting Due to January 21 being a holiday, the January meeting was rescheduled to January 16.

  • The Partnership shall not conduct any drilling of wells other than Xxxxlopment Drilling and Identified Development Drilling; provided, however, that the drilling of wells other thax Xxvelopment Drilling and Identified Development Drilling may be performed on behalf of the Partnership pursuant to Farmouts or when such drilling may be deemed necessary or appropriate to preserve or protect the Partnership's interest in or the production from a Producing Property.

  • Create a class of the controlModify the source code according to the example below.

  • Costs do not include a geomorphological assessment or deep testing.

  • The Production Partnership shall not conduct any drilling of wells other than Development Drillixx xxd Identified Development Drilling; provided, however, that the drilling of wells other than Development Drxxxxxg and Identified Development Drilling may be performed on behalf of the Production Partnership pursuant to Farmouts.

  • The Partnership shall not conduct any drilling of wells other xxxx Development Drilling and Identified Development Drilling; provided, however, that the drilling of wells other xxxn Development Drilling and Identified Development Drilling may be performed on behalf of the Partnership pursuant to Farmouts or when such drilling may be deemed necessary or appropriate to preserve or protect the Partnership's interest in or the production from a Producing Property.

  • The Production Partnership shall not conduct any drilling of wells other than Development Drillixx xxd Identified Development Drilling; provided, however, that the drilling of wells other than Development Drillxxx xnd Identified Development Drilling may be performed on behalf of the Production Partnership pursuant to Farmouts.

Related to Identified Development Drilling

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Integrated Development Plan means a plan formulated and approved as envisaged in Section 25 of the Municipal Systems Act 2000, as amended.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Development Area means that area to which a development plan is applicable.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Global Development Plan has the meaning set forth in Section 3.1.