Initial Well definition

Initial Well means the well required to be drilled by the parties hereto as provided in Article VI.A.
Sample 1Sample 2Sample 3
Initial Well means the well licensed as ______________ / initial well to be drilled by the Parties hereunder.
Sample 1Sample 2Sample 3
Initial Well means, with respect to a Prospect, the first well drilled on such Prospect in which Company participates as a Working Interest owner or with respect to which Company retains an overriding royalty or other interest in oil and gas production from such well.
Sample 1Sample 2Sample 3

Examples of Initial Well in a sentence

  • Subject to Clause 4.4 of this Head Agreement, this Agreement shall terminate if the Initial Well is not Commenced on or before the Obligation Date, provided that this does not release any Party from its responsibility for any obligations that had accrued to it on or before the Obligation Date hereunder, including any obligation to pay amounts owing hereunder.

  • The Operator shall serve an Operation Notice to the Parties for the drilling of the Initial Well.

  • Except as otherwise provided in the preceding sentence, the Operating Procedure shall apply to the Initial Well.

  • Notwithstanding the provisions for Commencement in Clause 10.03 of the Operating Procedure, the Parties agree that Commencement of the Initial Well shall occur on or before the Obligation Date.


More Definitions of Initial Well

Initial Well means a well within the Aje Field, the drilling of which is commenced in accordance with and subject to the provisions of Section 3.1.
Sample 1Sample 2
Initial Well has the meaning given to it in the recitals.
Sample 1Sample 2
Initial Well means the first well (or its substitute) on the first Prospect drilled pursuant to this Agreement.
Sample 1
Initial Well has the meaning set forth in Section 2.1(a)(iii) of this Agreement.
Sample 1
Initial Well means the first well that Buyer participates in the drilling of within the AMI at a location and to a depth selected at the discretion of Buyer in consultation with Seller. Interests have the meaning set forth in the Recitals.
Sample 1
Initial Well means the AOC Granite 7-32-89-10 W4M well drilled during 1994 to a depth of 1,650 meters or if deepened to a depth of 2,150 meters to test the original target seismic feature located on Petroleum and Natural Gas License No. 5494040101.
Sample 1
Initial Well is defined as the first well, and any substitutes therefore, drilled on each Subject Property.
Sample 1