Net well definition

Net well means the product determined by multiplying gross oil and natural gas wells by the interest in such wells.
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Net well means wells which have deducted the interests of other parties. Other parties do not have any interest in any wells owned by the Company.
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Net well means the equivalent of a full Working Interest in one well obtained by the aggregation of partial Working Interests in two (2) or more wells;
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Examples of Net well in a sentence

  • It is more challenging to handle Social- Net well due to its larger per-request memory footprint and higher compute intensity.

  • Net well costs for Hawkeye-1 are estimated at US$4.5m, with the company securing an option to cap its exposure at US$5.625m, leaving headroom for new ventures and any resumption of activity at its assets in Georgia and Puntland.ValuationOur total net asset value for Red Emperor is 11.9p/sh of which core NAV contributes 1.1p/sh and risked NAV 10.9p/sh.


More Definitions of Net well

Net well means wells which have deducted the interests of other parties.
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Related to Net well

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.