Reserve pit definition

Reserve pit means a pit used to retain fluid during the drilling, completion, and testing of a well.
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Reserve pit means an excavated area used to contain drill cuttings accumulated during oil and gas drilling operations and mud-laden oil and gas drilling fluids used to confine oil, gas, or water to its native strata during the drilling of an oil and gas well.
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Reserve pit or "circulation pit" means a pit located either on-site or off-site which is used in conjunction with a drilling rig for the handling, storage, or disposal of drilling fluids and/or cuttings.
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Examples of Reserve pit in a sentence

  • Reserve pit fluids may not be transported from one well location to another for injection purposes.

  • The economic assumptions used in the LG shell are almost identical to the economic assumptions used for the Mineral Reserve pit optimization with the notable exception of metal prices, which are higher for the Mineral Resource estimate, and pit slopes which are constant at 40 degrees.

  • Reserve pit fluids, as well as drilling muds, cuttings, etc., from holding tanks, may be disposed of onsite provided the technical criteria of §313.C, D, E, F, or G below are met, as applicable.

  • See Ranking Criteria for Reserve and Onsite Pit Liner Requirements, on the Oil, Gas and Mining web page.2. Reserve pit location and construction requirements including liner requirements will be discussed at the predrill site evaluation.

  • Within the Ore Reserve pit design, the application of dilution resulted in inclusion of 5.59% dilution and results in an ore loss of 6.43%.

  • Rainy River Mine: In addition to the criteria described above, Mineral Reserves and Mineral Resources for the Rainy River Mine are reported according to the following criteria: Underground Mineral Reserves are reported peripheral to and/or below the open pit Mineral Reserve pit shell, which has been designed and optimized based on a $1,400/oz gold price.

  • In other cases, special laboratory techniques would be required to produce the organism (for example, tissue culture).

  • MONTEPUEZ GRAPHITE PROJECTBuffalo and Elephant DepositApril 2019 Inferred Vanadium Mineral Resource Estimate (4.3% TGC Cut-off, within Ore Reserve pit design)11.

  • Public Hearing: Approval of a Record of Land Use Action for a Tentative Map to create two single family residential parcels and aremainder lot at 4249 El Camino Real, Wilkie Way Homes; and a Negative Declaration *QUASI-JUDICIAL 2722.

  • For all tables, scandium grades are rounded to suitable level of precision commensurate with the assay reporting precision of 10 ppm Sc for XRF.The Ore Reserve pit design is shown in Figure 1 and Figure 2 along with the JORC Mineral Resource category limits.


More Definitions of Reserve pit

Reserve pit means a pit used to store spent drilling fluids and cuttings transferred from working pits and permitted as a drilling pit.
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Reserve pit means a pit used to store drilling fluids for use in drilling operations or to contain exploration and production waste generated during drilling operations and completion or re-completion procedures.
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Reserve pit means a pit that is created at the drilling site of a Well for drilling fluid and mud and other materials used in or produced during drilling.
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Reserve pit means a pit used to retain fluid during the "Wildcat Wells" means oil and gas producing wells which are drilling, completion, and testing of a well. drilled and completed in a pool in which a well has not been "Seismic Operator" means a person who conducts seismic previously completed as a well capable of producing in commercial
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Reserve pit means a pit used to store spent drilling fluids and cuttings that have been trans- ferred from a working pit.
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Reserve pit means an excavated area used to contain drill cuttings accumulated
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Related to Reserve pit

  • Reserve Zone means any of those geographic areas consisting of a combination of one or more Control Zone(s), as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Reserve Price means the minimum price at which a bid will be accepted on the auction portal from a participating Qualified bidder

  • Reserve Percentage means, on any day, for any Lender, the maximum percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor Governmental Authority) for determining the reserve requirements (including any basic, supplemental, marginal, or emergency reserves) that are in effect on such date with respect to eurocurrency funding (currently referred to as “eurocurrency liabilities”) of that Lender, but so long as such Lender is not required or directed under applicable regulations to maintain such reserves, the Reserve Percentage shall be zero.

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable Fixed Rate Term.

  • Eurocurrency Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Percentage.

  • Loss Reserve Percentage means, on any date, the product of (i) 2.25 times (ii) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (iii) (A) the aggregate credit sales made by the Originator during the four most recent calendar months, divided by (B) the Net Receivables Pool Balance as of such date.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Reserve Requirement means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as defined in Regulation D).

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

  • Yield Reserve Percentage means at any time of determination:

  • Reserve Penalty Factor means the cost, in $/MWh, associated with being unable to meet a specific reserve requirement in a Reserve Zone or Reserve Sub-zone. A Reserve Penalty Factor will be defined for each reserve requirement in a Reserve Zone or Reserve Sub-zone.

  • Reserve Sub-zone means any of those geographic areas wholly contained within a Reserve Zone, consisting of a combination of a portion of one or more Control Zone(s) as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.