Well drilling definition
Examples of Well drilling in a sentence
It is agreed that Contractor shall carry out drilling, coring, testing, completions, abandonment and any and all other operations, in accordance with the Well drilling and completion programme to be furnished by Operator, which may be amended from time to time by modifications as Operator deems fit, subject, however within the capability of Drilling Unit, in accordance with good oilfield practices as envisaged under this Contract.
Gas Party will notify Coal Party of the Well location prior to commencement of the Well drilling activities.
Therefore, at Payout, ▇▇▇▇▇▇▇'s working interest in the Initial Test Well drilling and spacing unit will be reduced from 4.0% to 3.00% and ▇▇▇▇▇▇'s working interest shall increase by 1.00%.
Once Payout on the Initial Test Well drilling and spacing unit has been reached, Penasco's proportionate share of the working interest and associated net revenue interest shall be reduced from 100% to 75% of the 4.0% of the Property and Property Interests acquired under the Agreement by Penasco and ▇▇▇▇▇▇'s working interest shall increase from 0% to 25% of such 4.0% interest.
Well drilling and other permits required by ORS Chapter 520 and OAR Chapter 632 Division 10.