Subject Wells definition
Examples of Subject Wells in a sentence
Any substitution of Alternate Well(s) for Subject Well(s) pursuant to Section 2.9(b) shall be permitted only if the estimated ultimate reserves and total estimated drilling and completion costs for the proposed Alternate Well(s) are approximately equal to that of the Subject Well(s) for which El Paso has elected to make a substitution under Section 2.9(b).
Such Alternate Well(s) shall become Subject Well(s) and any reference to Subject Well(s) shall include such Alternate Well(s).
El Paso represents and warrants that at the time any Investment Invoice is submitted to Ramshorn for payment, and at the time the related Assignment of Overriding Royalty Interest is filed of record in the appropriate jurisdiction, the Subject Leases to which such invoice relates (to the extent such leases contribute acreage for the Subject Well(s) to be drilled thereon) shall be free and clear of any Encumbrances except Permitted Encumbrances.
This Agreement shall continue to cover all Subject Wells that had been commenced prior to the expiration of the Revised ▇▇▇▇ect Term.
Such Substitute Well shall become a Subject Well and any reference to the Subject Wells shall include such Substitute Well.