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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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 Acres means, as computed separately with respect to each leasehold, (a) the number of gross acres in the lands covered by such leasehold, multiplied by (b) the undivided percentage interest in oil, gas and other minerals covered by such leasehold in such lands, multiplied by (c) Producer’s working interest or undivided interest in such leasehold.”

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.