Spacing Unit definition

Spacing Unit means the area fixed for the drilling of one Well by order or rule of any applicable Governmental Authority, or (if no such order or rule is applicable) the area fixed for the drilling of a Well or Planned Well reasonably established by the pattern of drilling in the applicable area or otherwise established by Producer in its reasonable discretion.

Spacing Unit means that area allocated to a well within the Field for the purpose of drilling for and/or producing oil and natural gas.

Spacing Unit means the area allocated to a Well (or the area which would be allocated to a well, but for a plan of unitization) pursuant to the Regulations for the purpose of producing Petroleum Substances; and

Examples of Spacing Unit in a sentence

• Exhibit A also lists all unleased mineral owners, if any, within the Wellbore Spacing Unit.

• All working interest owners (not otherwise voluntarily pooled) have been offered the opportunity to voluntarily participate in the drilling of the Wellbore Spacing Unit Well.

• As applicable, all unleased mineral owners (not otherwise voluntarily pooled) have been offered the opportunity to participate in the drilling of the Wellbore Spacing Unit Well.

• That all interest owners in the Wellbore Spacing Unit which are not voluntarily pooled in the Wellbore Spacing Unit be involuntarily pooled.

• Exhibit A attached hereto lists working interest owners, unleased mineral interest owners (if any), and/or royalty interest owners for the Wellbore Spacing Unit together with their addresses.

More Definitions of Spacing Unit

Spacing Unit means the area allocated to a well under a well spacing order or rule. Under the Oil and Gas Act, Paragraph (10) of Subsection B of Section 70-2-12 NMSA 1978, the commission may fix spacing units without first creating proration units. See Rutter & Wilbanks corp. v. oil conservation comm’n, 87 NM 286 (1975). This is the area designated on form C-102.

Spacing Unit means a unit established by the Board for each well. A spacing unit may either be (a) a drilling unit or (b) a drainage or production unit.

Spacing Unit means the area allocated from time to time to a well on, or in the vicinity of, the Leased Lands, for the purpose of drilling for or producing the Leased Substances, as defined or prescribed by or under the Regulations; and

Spacing Unit means a surface area and the subsurface beneath the surface area, established for the purpose of drilling for or producing oil and gas;

Spacing Unit means the area allocated to a well for the purpose of drilling for or producing petroleum;

Spacing Unit means the area allocated to a well for the purpose of producing oil and gas from a formation; (« surface unitaire »)

Spacing Unit means the drilling unit established for each Subject Well prior to the commencement of drilling operations, which drilling unit shall comply with any applicable rules and regulations of the Colorado Oil and Gas Conservation Commission and the relevant operating agreement.