Meaning Bottom-Hole Agreement
What does Bottom-Hole Agreement mean? Here you find 5 meanings of the word Bottom-Hole Agreement. You can also add a definition of Bottom-Hole Agreement yourself
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Bottom-Hole AgreementBottom hole agreement is an agreement whereby one of the party in a contract known as contributing party make some payment to another party known as drilling party in exchange of drilling information.
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Bottom-Hole Agreement A contract in which the contributing party agrees to make a cash contribution to the drilling party in exchange for geological or drilling information, if the receiving party drills to an agreed dep [..]
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Bottom-Hole AgreementIn the context of Oil & Gas law, a bottom-hole agreement is a support agreement. In a bottom-hole agreement a contributing party agrees to make a cash contribution to the drilling party in exchang [..]
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Bottom-Hole AgreementA support agreement in which the contributing party agrees to make a cash contribution to the drilling party in exchange for geological or drilling information, if a well is drilled to an agreed depth.
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Bottom-Hole AgreementBottom hole agreement is an agreement in cash consideration is given to another party for use in drilling a well on property.
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