Vertical well definition
Vertical well means a well, the wellbore of which is drilled on a vertical or directional plane into a formation and is not turned or curved horizontally to allow the wellbore additional access to the oil and gas reserves in the formation;
Vertical well means a well that is not a Horizontal Well.
Vertical well means a well, the wellbore of which is drilled on a vertical or directional plane into a formation and is not turned or curved horizontally to allow the wellbore additional access to the oil and gas reserves in the formation; "Prevailing royalty" means the royalty rate or percentage that the department or the commission determines is the royalty most commonly applicable with regard to the tract or unit in the issue. The royalty rate set by the department or the commission shall not be less than one-eighth (1/8) or twelve and one-half percent (12.5%);
Examples of Vertical well in a sentence
On or before March 1, 2011, Operator shall commence to drill a total of 1 Vertical well and 1 Horizontal Well (or plug and abandon) and operate at least Two (2) w▇▇▇▇ 1 Vertical and 1 Horizontal well on the Drilling Sites as more fully identified and located on the Leases, in accordance with the terms and conditions of this Agreement.
However only the Vertical well will be drilled on a turn key basis.
More Definitions of Vertical well
Vertical well means an oil and gas well that does not utilize horizontal drilling methods. A vertical well may be either a shallow well or a deep well so long as it is initially drilled not using a horizontal drilling method;
Vertical well means a well that does not have an intentional departure or course deviation from the vertical.
Vertical well means an oil and gas well that does not utilize horizontal drilling
Vertical well means a well, the wellbore of which is drilled on a vertical or
Vertical well means a well bore that intersects the section(s) containing hydrocarbons at about 90o; and "Working Interest" means those lands in which the Company receives its share acreage net production revenues. The following abbreviations are used in this REPORT to represent the following terms:
Vertical well means a well bore that is primarily vertical but has some unintentional deviation to enter one or more subsurface targets that are
Vertical well means any well producing gas or oil, or both gas and oil, that is not a horizontal well as defined in this rule. Vertical wells are also known as conventional wells.