Operations Well definition

Operations Well means a Program Well which falls within the provisions of clause (b) of this paragraph 3.1.1, but for which the Executive's participation is deemed necessary for the Company to retain operations as determined by the disinterested members of the compensation committee of the Company's board of directors. If the Executive fails to provide notice of the Executive's intent to participate and the Executive's proposed participation prior to the specified date as provided herein, the amount of the Approved Percentage for the Calendar Quarter will be deemed to be zero (0).
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Operations Well means a Program Well which falls within the provisions of clause (b) of this paragraph 3.1.1, but for which the Executive's participation is deemed necessary for the Company to retain operations as determined by the disinterested members of the compensation committee of the Company's board of directors. If the Executive elects not to participate for a Calendar Quarter or fails to provide notice of the Executive's intent to participate and the Executive's proposed participation prior to the specified date as provided herein, the amount of the Approved Percentage for the Calendar Quarter will be deemed to be zero (0).
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Examples of Operations Well in a sentence

  • An "Operations Well" means a Program Well which falls within the provisions of clause (b) of this paragraph 3.1.1, but for which the Executive's participation is deemed necessary for the Company to retain operations as determined by the disinterested members of the compensation committee of the Company's board of directors.

  • Level 2 Food and Drink Manufacturing Operations Well actually I expected it to be harder than what it was… I did better than I thought.

  • Reasons for Aborting Well Drilling Operations Well # /BlockKeys: LTI - Lost Time Incidents; EI - Environmental Incidents; X - No Table 3.

  • P., Production Operations: Well Completion, Workover and Stimulation, Oil & Gas Consultants International, Oklahoma, (1982).[11] Hirscherg, A.

  • Borr Drilling Limited (Director & Compensation Committee), Schlumberger Limited (President of Operations), Well Services (EVP, President of Operations), New Ventures (EVP, President of Operations).

  • The Operator shall enter into an agreement with the County to indemnify and hold harmless the County, its elected and appointed officials, agents, officers and employees from any claim, action or proceeding for damages arising from its Oil Operations, including water, air or soil contamination, health impacts, or loss of property value during the Oil Operations, Well Abandonment and post-abandonment activities with terms approved by, and in a form acceptable to, the CEO.

  • The Group’s operations are managed through three segments: Platform Operations, Well Services and Land Drilling.

  • Upon the conclusion of all operations set forth in an Appraisal Operations Well Plan and all Subsequent Appraisal Operations on such well, or if the Operator encounters mechanical difficulties or impenetrable conditions, which make further drilling impracticable, then the Operator may propose to plug and abandon the well.

  • Performance and Operations Policies and Procedures Manual-Level L1A, Issue #1, Revision # 00, April 19, 2010, Section 3 (OPS—Drilling Related), Subsections 5 and 6 (Simultaneous Drilling and Production Operations, Well Testing/DST), TRN-MDL-00607137 and TRN-MDL- 00607142, see Exhibit 1474 http://www.mdl2179trialdocs.com/releases/release201302281700004/Rose_Adrian-Depo_Bundle.zip (accessed October 8, 2014).

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Related to Operations Well

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low-permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Operations Plan means the document by which PURCHASER notifies STATE of the plans and schedule for completing the operations described in the contract. It also contains the names of the subcontractors, PURCHASER's Authorized Representatives, and STATE's Authorized Representatives. Permit means any permit required by a federal, state, or local government agency before operations under this contract may lawfully begin or continue. Permit includes an incidental take permit under the federal Endangered Species Act.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Mining Operations means obtaining or extracting any mineral by any mode or method or any purpose directly or indirectly connected therewith or incidental thereto, including—

  • Workover means operations on a producing well to restore or increase production.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Water well means an excavation that is drilled, cored, bored, augered, washed, driven, dug, jetted, or otherwise constructed for the purpose of exploring for groundwater, monitoring groundwater, utilizing the geothermal properties of the ground, or extracting water from or injecting water into the aquifer. “Water well” does not include an open ditch or drain tiles or an excavation made for obtaining or prospecting for oil, natural gas, minerals, or products mined or quarried.

  • Drill means a response to a planned, simulated event.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Deep well means a well located and constructed in such a manner that there is a continuous layer of low permeability soil or rock at least 5 feet thick located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • CBM means Capacity Benefit Margin.

  • Power plant means a facility for the generation of

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Mining means the mining, extracting, producing, handling, milling or other processing of Products.

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.