Wellbore Only definition

Wellbore Only means the investors will acquire an interest in a single wellbore, and not the remainder of the Lease(s) on which the wellbore is located. As a result, subject to spacing limitations imposed by the State, offset wells could be drilled in close proximity to the wells to which investors acquire royalty interests, and the investors may not acquire an interest in such offset well. It is possible that an offset well could produce the same formation and/or reservoir and thus reduce the total production (and corresponding revenue) to be recovered by the investors.
View Source

Related to Wellbore Only

  • CO2 means carbon dioxide.

  • Disproportionately Impacted Area means a census tract or

  • Drainage area means a geographic area within which stormwater, sediments, or dissolved materials drain to a particular receiving waterbody or to a particular point along a receiving waterbody.

  • foreshore , in relation to a port, means the area between the high-water mark and the low-water mark relating to that port;

  • Drywell means an unlined or partially lined underground pit (regardless of geometry) into which drainage from roofs, basement floors, water softeners or other non-wastewater sources is discharged and from which the liquid seeps into the surrounding soil.