Unitized Formation definition

Unitized Formation means all of the Tansill, Yates, Seven Rivers and Queen Formations underlying the Unitized Land; said interval being the equivalent of the continuous interval occurring in Amerada Petroleum Corporation’s ▇. ▇. ▇▇▇▇▇ No. I (located 1, 650 feet from the South line and 990 feet from the West Line of Section 19, Township 24 South, Range 37 East, Lea County, New Mexico) at an indicated depth of 2,890 feet to 3,745 feet as recorded on the Schlumberger Electrical Log taken on December 4, 1948.
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Unitized Formation means that interval underlying the Unit Area, the vertical limits of which extended from an upper limit described as 100 feet below mean sea level or at the top of the Grayburg Formation, whichever is higher, to a lower limit at the base of the San ▇▇▇▇▇▇ formation; the geologic markers having been previously found to occur at 3,657 feet and 5,290 feet, respectively, in Continental Oil Company's #23 ▇▇▇▇▇ B-4 well (located at 660 feet FSL and 1,980 feet FEL of ▇▇▇▇▇▇▇ ▇, ▇-▇▇-▇, ▇-▇▇-▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇) as recorded on the Welex Acoustic Velocity Log taken on October 30, 1962, said log being measured from a ▇▇▇▇▇ drive bushing elevation of 3,595 feet above sea level.
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Unitized Formation means that interval underlying the Unit Area, the vertical limits of which extend from an upper limit described as 520 feet above mean sea level or at the top of the Loco Hills Sand, whichever is higher, to a lower limit at the base of the Lovington Sand, the geologic markers having been previously found to occur at 3,465 feet and 3,845 feet, respectively, in Rover Operating, LLC’s State BGK #4 well (located 990 feet FSL and 330 feet FEL of Section 2, T-17-S, R-31-E, Eddy County, New Mexico), as recorded on the Dresser Atlas Compensated Neutron Log taken on August 25, 1980, said log being measured from a ground level elevation of 3,986 feet above sea level.
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Examples of Unitized Formation in a sentence

  • The Working Interest Owners of the Tract, by taking over the well, agree to seal off effectively and protect the Unitized Formation, and upon abandonment to plug the well in compliance with applicable laws and regulations.

  • All oil, gas, gaseous substances, sulphur contained in gas, condensate, distillate and all associated and constituent liquid or liquefiable hydrocarbons produced from the lands committed to this agreement as to the Unitized Formation are unitized under the terms of this agreement and herein are called “Unitized Substances”.

  • If any Working Interest Owner drills any well into or through the Unitized Formation, the Unitized Formation shall be protected in a manner satisfactory to Working Interest Owners so that the production of Unitized Substances will not adversely be affected.

  • Any Working Interest Owner that now has or hereafter acquires the right to drill for and produce oil, gas, or other minerals, from other than the Unitized Formation, shall have the right to do so notwithstanding this agreement or the Unit Agreement.

  • Nothing herein shall be construed to unitize, pool or in any way affect the oil, gas and other minerals that may be produced from any formation other than the Unitized Formation as above described.

  • Beginning at 7:00 A.M. on the first day of the month next following the date when the 1,000,000 barrels referred to in (a) above shall have been produced, the Tract Participation of each Tract shall be as shown under Phase II of Exhibit “C” and shall be determined from the following formula: Tract Participation Percentage, Phase II equals 100% Where: C equals the estimated quantity of oil ultimately recoverable from the Unitized Formation underlying each such tract by primary recovery operations.

  • B = the Unit Total Cumulative Oil Production from the Unitized Formation as of September 30, 1982.

  • IT is hereby agreed and declared by and between the parties hereto that in as much as the convenat regarding payment of all common expenses and maintenance charges is for beneficial use of all the flat owners in the event of any default on the part of the purchaser in performing the obligations in terms of this deed the promoter/ holding organization and / or any of the flat oweners shall be entitled to enforce the same.

  • All land committed to this agreement as provided in Section 13, Tracts Qualified for Unit Participation, as to the Unitized Formation defined in Section 2, Definitions, shall constitute land referred to herein as "Unitized Land" or "land subject to this agreement".

  • Each such party shall have the right to construct, maintain and operate all necessary facilities for that purpose on the Unit Area, provided the same are so constructed, maintained and operated as not to interfere with operations carried on pursuant hereto or with operations upon or with regard to formations other than the Unitized Formation conducted within the Unit Area.


More Definitions of Unitized Formation

Unitized Formation is defined as that stratigraphic interval occurring between a point of 100 feet above the top of the Queen Sand and 100 feet below the base the Queen Sand, said Queen Sand interval occurring between 3389 feet and 3420 feet in the Tenneco Oil Company ▇▇▇▇▇▇▇▇ State Well No. 2 located 660 feet from the east line and 660 feet from the north line of Section ▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇▇, ▇.▇.▇.▇., ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ as recorded on the sonic log of said well dated September 2, 1963.
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