Lease Acreage definition

Lease Acreage in connection with such oil and gas lease shall mean the lands described in such lease as so specifically limited in depth and/or areal extent in Exhibit A.
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Lease Acreage means all lands described in each oil and gas lease described, referred to or identified in Exhibit A, as to all depths; provided, in the case of an oil and gas lease specifically limited in depth and/or areal extent in Exhibit A, "Lease Acreage" in connection with such oil and gas lease shall mean the lands described in such lease as so specifically limited in depth and/or areal extent in Exhibit A.
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Examples of Lease Acreage in a sentence

  • Farmee shall at no cost, risk or expense to Amoco, drill or cause to be drilled a minimum of ten (10) Exploration Test ▇▇▇▇▇ located on the Lease Acreage, or within a pooled or unitized area or unit containing Lease Acreage within the Exploration Area, for each calendar year this Contract is in effect, beginning with the 1998 calendar year.

  • All requests for farmout of Lease Acreage within the Exploration Area received by Amoco or Farmee shall be addressed by Farmee promptly.

  • It is recognized by the Parties, that in order for Farmee to obtain full fold data on the Lease Acreage or a portion thereof, Farmee may be required to acquire data beyond the boundary of an Amoco lease or mineral interest.

  • The Parties hereto recognize that certain tracts of the Lease Acreage may be subject to pre-existing agreements.

  • Such assignment shall reserve unto Amoco a non-convertible overriding royalty interest equal to the difference between twenty percent (20%) and any burdens in existence on the Lease Acreage as of the date of this Contract.

  • Amoco does not warrant title to the Lease Acreage that comprises the Exploration Area covered by this Contract.

  • Should Farmee elect to acquire 3-D seismic on Lease Acreage within the Exploration Area, on its own, by, through or under a party other than Amoco, Farmee shall have the right to substitute the acquisition and processing of 3-D seismic for the drilling of up to a maximum number of three (3) Exploration Test ▇▇▇▇▇ per calendar year at a rate equal to four (4) 640 acre governmental sections of 3-D seismic acquired and processed on the Lease Acreage to one (1) Exploration Test Well.

  • Prior to building or staking a location on the Lease Acreage, or lands pooled therewith, Farmee shall make personal contact with each and every surface owner holding title to land on which Farmee intends to conduct operations.

  • Farmee shall provide to Amoco three (3) copies of the completion report for each well drilled on the Lease Acreage or land pooled therewith within fifteen (15) days after it is filed with the applicable state agency.

  • The determination as to which acreage would be excluded from this Contract shall coincide with the Lease Acreage attributable to each unit by Amoco's lease records as of the date of this Contract.