Target Formation definition
Target Formation means (i) with respect to Alfalfa County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 4,833’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 5,344’ in the ▇▇▇▇▇▇▇▇▇ Energy Dorado SWD 1-32 located in section 32, Township 29 North, Range 9 West (API No. 35003219830000), (ii) with respect to Garfield County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 6,475’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 7,100’ in the Texas American Oil ▇▇ ▇▇▇▇▇▇ 1 located in section 27, Township 23 North, Range 8 West (API No. 35047223450000), (iii) with respect to Grant County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 5,395’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 6,060’ in the ▇▇▇▇▇▇▇▇▇ Energy Orion 1-22 SWD located in section 22, Township 25 North, Range 5 West (API No. 35053227710000), (iv) with respect to Major County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 6,474’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 7,094’ in the ▇▇▇▇▇▇ Oil ▇▇▇▇▇ 1 located in section 24, Township 23 North, Range 9 West (API No. 35093215620000) and (v) with respect to ▇▇▇▇▇ County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 5,204’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 5,704’ in the ▇▇▇▇▇▇▇▇▇ Energy Koppitz SWD 1-31 located in section 31, Township 28 North, Range 13 West (API No. 35151232750000).
Target Formation means the Colony Granite Wash formation, being defined as the geologic interval between the top of the Des Moines formation (or top of the Colony Granite Wash ‘A’ formation) and the top of the Prue formation (or base of the Colony Granite Wash ‘C’ formation) between the stratigraphic equivalent of the measured depths of 12,285 feet to 12,862 feet as encountered on the electric log of the ▇▇▇ ▇▇▇ 1-24H well located in Section ▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ 18W in Washita County, Oklahoma (API No. 3514921413), a portion of which log is attached hereto as Exhibit C, recognizing that the actual depth of the Target Formation will vary from depths of approximately 11,500 feet to 13,000 feet across the AMI Area.
Target Formation means, (i) with respect to ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ 14, the interval between the top of Permian-aged Grayburg or its stratigraphic equivalent at a depth of 4,106’ and the Permian-aged Lower San ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 5,026’ in the Shafter Lake 10#1 located in ▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇ (▇▇▇ No. 42-003-38729-0000), (ii) with respect to ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ 13, the interval between the top of Permian-aged Grayburg or its stratigraphic equivalent at a depth of 4,264’ and the Permian-aged Lower San ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 5,009’ in the University 13-46#1 located in ▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇ (▇▇▇ No. 42-003-32417-0000), and (iii) with respect to ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇, the interval between the top of Permian-aged Grayburg or its stratigraphic equivalent at a depth of 4,180’ and the Permian-aged Lower San ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 5,028’ in the Munger ▇▇▇ #5 located in ▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇ (▇▇▇ No. 42-003-32531-0000).
Examples of Target Formation in a sentence
The “Allocated Value” for any Lease, any Well, the SWD Well, or any Midstream Assets equals the portion of the Base Price allocated on Schedule 12.4, in the case of Leases and ▇▇▇▇▇, with respect to each applicable Target Formation, for such Lease or Well.
More Definitions of Target Formation
Target Formation means the primary geologic formation from which oil or gas is
Target Formation means what is generally referred to as the Marcellus Shale formation and for purposes of this Conveyance is defined as that formation located from the bottom of the Tully Formation (as seen by the ECA Kemsod #1 Well, API number 37-059-25209), at a depth of 7,881 feet, to the top of the Huntersville Chert Formation (as seen by the ECA Kemsod #1 Well, API number 37-059-25209), at a depth of 8,204 feet.
Target Formation means the primary geologic formation from which oil or gas is intended to be produced from a horizontal drilling operation and, where completions can reasonably be expected to produce from formations above or below the target formation, includes the formations from which production can reasonably be expected;
Target Formation means (i) with respect to ▇▇▇▇▇▇ County, Kansas, the “Target Formation” being defined as being the interval between the base of the Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 4744’ and the Devonian-aged Chattanooga Shale or its stratigraphic equivalent at a depth of 5096’ in the ▇▇▇▇▇▇▇▇▇ Energy ▇▇▇▇▇▇▇▇▇ SWD 1-3 located in 3-35S-10W (API No. 15007237990000); (ii) with respect to Comanche County, Kansas, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 5,511’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 6,786’ in the Sho-Bar #1-29 ▇▇▇▇▇ located in section 29, Township 34 South, Range 20 West (API No. 15033213800000); (iii) with respect to ▇▇▇▇▇▇ County, Kansas, the “Target Formation” being defined as being the interval between the base of the Pennsylvanian-aged ▇▇▇▇▇▇ or its stratigraphic equivalent at a depth of 4800’ and the Devonian-aged Chattanooga Shale or its stratigraphic equivalent at a depth of 5096’ in the ▇▇▇▇▇▇▇▇▇ Energy ▇▇▇▇ SWD 1-17 located in 17-35S-7W (API No. 15077217810000); and (iv) with respect to ▇▇▇▇▇▇ County, Kansas, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Red Fork Zone or its stratigraphic equivalent at a depth of 4,660’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 5,112’ in the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Company #1-18 ▇▇▇▇▇ located in section 18, Township 35 South, Range 4 West (API No. 15191201870000).
Target Formation means the geologic gas or oil formation identified by the well operator in his application for a gas, oil or geophysical drilling permit.
Target Formation is defined in Exhibit D with respect to each corresponding Well.
Target Formation means the primary geologic formation