Well Status definition

Well Status means either new, operational or capped.
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Well Status. NPC has no outstanding accounts payable arising out of an authority for expenditure or other similar invoice to plug and abandon any well or we▇▇▇ ▇ecause the well or we▇▇▇ ▇re not capable of producing in commercial quantities. All we▇▇▇ ▇rilled, completed, operated, plugged or abandoned by NPC on or related to the Properties have been drilled, completed, operated, plugged or abandoned in accordance and compliance with all operating agreements, other contracts or agreements, laws, rules, regulations, permits, orders, judgments and decrees of any court or governmental body or agency relating thereto and within the boundaries specified therein or otherwise permitted by law; and NPC has not received any notice or other indication to the contrary.
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Well Status. Bison has no outstanding accounts payable arising out of an authority for expenditure or other similar invoice to plug and abandon any well or w▇▇▇▇ because the well or w▇▇▇▇ are not capable of producing in commercial quantities. All w▇▇▇▇ drilled, completed, operated, plugged or abandoned by Bison on or related to its properties have been drilled, completed, operated, plugged or abandoned in accordance and compliance with all operating agreements, other contracts or agreements, laws, rules, regulations, permits, orders, judgments and decrees of any court or governmental body or agency relating thereto and within the boundaries specified therein or otherwise permitted by law; and Bison has not received any notice or other indication to the contrary.
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Examples of Well Status in a sentence

  • Except for any Imbalances, neither Acquired Company has received payment under any Contract for the sale of Hydrocarbons produced from the Properties which requires delivery in the future to any party of Hydrocarbons previously paid for and not yet delivered.‌ Well Status.


More Definitions of Well Status

Well Status. Shore has no outstanding accounts payable arising out of an authority for expenditure or other similar invoice to plug and abandon any well or well▇ ▇▇▇ause the well or well▇ ▇▇▇ not capable of producing in commercial quantities.
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Related to Well Status

  • travel status with respect to an employee means absence of the employee from his/her headquarters or geographic location on Justice Institute of British Columbia business with the approval of the Employer, but travel status does not apply to employees temporarily assigned to a position outside of his/her headquarters or geographic location or to field status employees;

  • Familial status means the condition of one or more minors being domiciled with:

  • marital status means being single, married as recognized by the state of Connecticut, widowed, separated or divorced;

  • Active status means (i) for employees, the absence of any interruption or termination of service as an employee, (ii) for Directors, that the Director has not been removed from the Board for cause (as determined by the Company’s shareholders), and (iii) for Consultants, the absence of any interruption, expiration, or termination of such person’s consulting or advisory relationship with the Company or any Subsidiary or the occurrence of any termination event as set forth in such person’s Award Agreement. Active Status shall not be considered interrupted (A) for an employee in the case of sick leave, maternity leave, infant care leave, medical emergency leave, military leave, or any other leave of absence properly taken in accordance with the policies of the Company or any applicable Subsidiary as may be in effect from time to time, and (B) for a Consultant, in the case of any temporary interruption in such person’s availability to provide services to the Company or any Subsidiary which has been granted in writing by an authorized officer of the Company. Whenever a mandatory severance period applies under applicable law with respect to a termination of service as an employee, Active Status shall be considered terminated upon such Employee’s receipt of notice of termination in whatever form prescribed by applicable law.

  • B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;