Producing Well definition

Producing Well means a well capable of producing oil or gas. "Product" means any commodity made from oil and gas. "Production Facilities" means all storage, separation,

Producing Well means a well identified as part of the Well for the purposes of this Agreement that produces Production Allocation Substances and to which all such production is assigned by the Regulator;

Producing Well means a well capable of producing oil or

Examples of Producing Well in a sentence

• Assignor will not Transfer any Producing Well or Subject Producing Lands, or Completed Development Well or any of the Subject Interests comprising a part of the Subject Development Lands, pursuant to Sections 11.01 and 11.02 prior to Assignor satisfying the drilling obligations under Section 2.01 of the Development Agreement.

• The Secondary Term Assignment applicable to the Producing Well from which commercial production has ceased shall not terminate so long as such reworking or drilling/completion operations are diligently and continuously prosecuted with no cessation of more than thirty (30) consecutive days.

• To the knowledge of the Company, the Company’s net revenue interest with respect to each Producing Well is no less than the net revenue interest set forth on the exhibits to the Conveyances relating to the PDP Royalties.

• Term Royalty Gas shall be calculated in accordance with the following formula: With respect to any Producing Well: NINETY PERCENT (90%) X (ASSIGNOR'S NET SHARE OF GAS PRODUCED DURING THAT MONTH).

• In the event Assignor's Net Revenue Interest in any Producing Well is reduced by virtue of any such Farmout Agreement to less than the indicated interests, such reduction shall be deemed a breach of the warranty provided for in Section 1.04(a) and Assignee shall be entitled to the remedy provided for in Section 1.04(b).

More Definitions of Producing Well

Producing Well means the Wellbore of each Gas well more particularly --------------- described in Exhibit A-1, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-1.

Producing Well means the Wellbore of each Gas well more particularly described in Exhibit A-1 to the Term Royalty Conveyance, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-1 to the Term Royalty Conveyance.

Producing Well means a well classified by the commission as an oil or gas well in accordance with commission rules.

Producing Well means an oil and or gas well drilled on lands leased from the Welder family under that certain Welder Lease as defined herein, including any amendments thereto or options to lease additional lands from the Welder family granted thereunder, that shall have been drilled and completed as a producing well and tied-in to an oil and or gas pipeline and or other similar delivery system and shall include the acreage and depths allocated to such well as provided under the Welder Lease.

Producing Well means a bore hole drilled with the object of obtaining petroleum from a petroleum deposit.

Producing Well. A well which is completed as producing oil or gas in -------------- quantities sufficient to pay the costs of operating and maintaining the well and marketing the product after the payment of any royalties and rentals due under the Agreement Lease covering lands upon which the well is located.

Producing Well means a completed well that has been placed on regular production;