Examples of Well spacing in a sentence
Well spacing and the rate of production of the well will be dependent on the management zone and the aquifer associated with the well, and other factors included in the Rules of the District.
If the well is successfully completed for the production of petroleum substances, the non-participating Party shall assign to the completing Party all of its right, title and interest in and to the zone(s) so completed in the Test Well spacing unit.
Well spacing and target area restrictions do not apply to a water disposal wells.
The provisions of Schedule "B" will then apply to govern the relationship of Unigeo and GEOCAN and COC with respect to all operations on the Test Well spacing unit.
Under the agreement, County Line was to pay 100% of the costs to earn an 80% interest before pay out (60% after pay out) in the oil, 80% BPO and 48% APO in the gas, and a 100% interest in the Test Well spacing unit.
If COC elects to convert its gross overriding royalty interest to a working interest, then after the effective date of election as provided in sub clause (c) COC will own said working interest in the Test Well spacing unit, the Test Well, all equipment therein and thereon and all production therefrom.
TTEP agrees that it will timely provide Davidson with sufficient Initial Well drillsite information in advance of this assignment obligation that will permit Davidson to survey the Initial Well Spacing Unit perimeter and to generate metes and bounds field notes for such Initial Well spacing unit which are to be attached to the assignment as a part of the legal description of the Leases.
Well spacing and the rate of production of the well will be dependent on the management zone and the aquifer associated with the well, and other factors included in the Rules of the District.Each application to drill and operate a non-exempt well filed with the District is reviewed for completeness.
Well spacing could be such that the seasonal drawdown would be spread over about one mile along the river.
COC will have a period of thirty (30) days from receipt of such notice to elect to convert its gross overriding royalty interest to a 15% working interest in the Test Well spacing unit.