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 Xxx Xxx 1-24H well located in Section 00, Xxxxxxxx 00X, Xxxxx 18W in Washita County, Oklahoma (API No. 3514921413), a portion of which log is attached hereto as Exhibit E, 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 Alfalfa County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx 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 Xxxxxx 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 XX Xxxxxx 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 Xxxxxx 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 XxxxXxxxx 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 Xxxxxx 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 Xxxxxx Oil Xxxxx 1 located in section 24, Township 23 North, Range 9 West (API No. 35093215620000) and (v) with respect to Xxxxx County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Koppitz SWD 1-31 located in section 31, Township 28 North, Range 13 West (API No. 35151232750000).
Target Formation means, (i) with respect to XXX Xxxxx X00 xxx Xxxxxxxxxx Xxxxx Xxxxx 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 Xxxxxx or its stratigraphic equivalent at a depth of 5,026’ in the Shafter Lake 10#1 located in Xxxxxxx 00, Xxxxx X00 (XXX No. 42-003-38729-0000), (ii) with respect to XXX Xxxxx X00 xxx Xxxxxxxxxx Xxxxx Xxxxx 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 Xxxxxx or its stratigraphic equivalent at a depth of 5,009’ in the University 13-46#1 located in Xxxxxxx 00, Xxxxx X00 (XXX No. 42-003-32417-0000), and (iii) with respect to XXX Xxxxx X00 xxx XXX Xxxxx X00, 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 Xxxxxx or its stratigraphic equivalent at a depth of 5,028’ in the Munger Xxx #5 located in Xxxxxxx 0, Xxxxx X00 (XXX No. 42-003-32531-0000).
Examples of Target Formation in a sentence
Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforation or a stimulation site in the Target Formation that will be within six hundred sixty feet (660’) of any perforation or stimulation site of any Development Well which produces oil or gas from the Target Formation.
Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforation or a stimulation site in the Target Formation that will be within six hundred sixty feet (660’) of any perforation or stimulation site of any Well which produces oil or gas from the Target Formation.
Assignor covenants and agrees that, prior to the Termination Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforated segment in the Target Formation that will be within six hundred (600) feet of any perforated interval in the Target Formation of any Development Well that is producing Minerals from the Target Formation.
Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Gas well that will have a perforated segment that will be within five hundred feet (500’) of any perforated interval of any Well which produces oil or gas from the Target Formation.
Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Gas well that will have a perforated segment that will be within five hundred feet (500’) of any perforated interval of any Development Well which produces oil or gas from the Target Formation.
More Definitions of Target Formation
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 (i) with respect to Alfalfa County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Dorado SWD 1-32 located in section 32, Township 29 North, Range 9 West (API No. 35003219830000); (ii) with respect to Grant County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Orion 1-22 SWD located in section 22, Township 25 North, Range 5 West (API No. 35053227710000); (iii) with respect to Xxx County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx or its stratigraphic equivalent at a depth of 4,387’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 4,619’ in the Jefferson-WMS State School Land 5-36 located in section 36, Township 25 North, Range 2 West (API No. 35071224500000); (iv) with respect to Noble County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx or its stratigraphic equivalent at a depth of 4,523’ and the Devonian-aged Woodford Shale or its stratigraphic equivalent at a depth of 4,783’ in the XxxxXxxxx Energy County Line SWD 1-2 located in section 2, Township 24 North, Range 2 West (API No. 35103242860000); (v) with respect to Xxxxx County, Oklahoma, the “Target Formation” being defined as being the interval between the base of Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Koppitz SWD 1-31 located in section 31, Township 28 North, Range 13 West (API No. 35151232750000); (vi) with respect to Xxxxxx County, Kansas, the “Target Formation” being defined as being the interval between the base of the Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Xxxxxxxxx SWD 1-3 located in 3-35S-10W (API No. 15007237990000); (vii) with respect to Comanche ...
Target Formation means the primary geologic formation from which oil or gas is
Target Formation means (i) with respect to Xxxxxx County, Kansas, the “Target Formation” being defined as being the interval between the base of the Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Xxxxxxxxx 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 Xxxxxx 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 Xxxxx located in section 29, Township 34 South, Range 20 West (API No. 15033213800000); (iii) with respect to Xxxxxx County, Kansas, the “Target Formation” being defined as being the interval between the base of the Pennsylvanian-aged Xxxxxx 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 XxxxXxxxx Energy Xxxx SWD 1-17 located in 17-35S-7W (API No. 15077217810000); and (iv) with respect to Xxxxxx 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 Xxxxxxx Xxxxxx Company #1-18 Xxxxx located in section 18, Township 35 South, Range 4 West (API No. 15191201870000).
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 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.