Subject Wells definition

Subject Wells means the oil and gas wells described in Exhibit "A" attached xxxxto as such Exhibit may bx xxxnded from time to time as provided herein.

Subject Wells shall have the meaning assigned to that term xx xhe PP Conveyance.

Subject Wells means the SRO State Com 043II (API 30-015-41141) located in the W/2 W/2 of Sections 17 and 20 (“043H”) and the SRO Stale Com 044H (API 30-015-41142) located in the E/2 W/2 of Sections 17 and 20 (“044H”), Township 26 South, Range 28 East, N.M.P.M. in Eddy County, New Mexico.

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).

• For example, Adjusted EBITDAX can be used to assess our operating performance and return on capital in comparison to other independent exploration and production companies without regard to financial or capital structure and to assess the financial performance of our assets and our Company without regard to capital structure or historical cost basis.

• 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.

• During such suspension of the Net Overriding Royalty Interest, the Net Profits for the Subject Wells shall be deemed to be zero.

• El Paso shall account for revenues and costs associated with the Subject Wells consistent with its normal business practices for other wells xx xxe region of the Subject Wells unless this Agreement requixxx x different accounting.

More Definitions of Subject Wells

Subject Wells has the meaning given to such term in the applicable Coxxxxxnce.

Subject Wells means (i) all well(s) now or hereafter drilled on lands included within the Dedicated Acreage that are productive of Gas from any formations that are, or at any time during the term of this Agreement have been, operated by Producer or its Affiliates, including the wxxxx set forth on Exhibit “A” of the applicable ITC, together with all leaseholds and servitudes, working interests, royalties, overriding royalties, other expense and non-expense bearing interests, carried interests, fee interests or other real property interests in, attributable to, or associated with such wxxxx, and (ii) the well(s) labeled as “Wellbore Dedication Only” set forth on Exhibit “A” of the applicable ITC.

Subject Wells means all wells identified in the Property Exhibit.

Subject Wells means any and all wells now located on the Leases or hereaftex xxxlled on the Leases, xxx xny other wells now or hereafter located on lands, waterbottoms, or leases pooxxx, communitized or unitized with the Leases, from the surface to the total depth to which any such well or wells may be drilled.

Subject Wells means the wells described in Exhibit A-2 attached hereto and made a part hereof.

Subject Wells means the xxxxs identified as txx Xxbject Wells in EXHIBIT A.

Subject Wells means all wells now located on the Subject Lands (whether fully drilled and completed or not) or hereafter drilled on the Subject Lands, and (unless production therefrom is expressly excluded by the terms of the descriptions on Exhibit "A") any other wells now or hereafter located on lands or leases pooled, communitized or unitized with the Subject Lands or the Subject Interests.