Define: Deep well

How is Deep well defined in a legal contract?

• Deep well means a well positioned and structured so that there’s an uninterrupted layer of low-permeability soil or rock, with a thickness of at least [number] feet, situated at least [number] feet below the normal ground surface and above the aquifer from which water is to be extracted. Seen in 37 SEC filings.
• Deep well means any well drilled and completed beyond a depth of [number], or, under certain conditions, a well drilled and completed at a deeper depth. Seen in 15 SEC filings.
• Deep well means a well, excluding a shallow well. Seen in 11 SEC filings.
• Deep well means a well drilled to an authentic vertical depth of [number]’ or greater, regardless of whether the well was drilled in the shallow water or in the deepwater or ultra-deepwater. Seen in 9 SEC filings.
• Deep well means a well drilled and completed at a depth greater than [number], other than a shallow well, drilled and completed into a formation at or below the top of the foremost member of a certain group. Seen in 5 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of deep well' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Deep well means a drilled well exceeding a certain depth, positioned and structured for water extraction.

Relevant Contract Types

• Oil & Gas Lease Agreement
• Water Rights Agreement
• https://www.genieai.co/contract-generator/production-sharing-contract">Production Sharing Contract
• Mineral Lease Agreement
• Joint Operating Agreement

Relevant Circumstances

• Negotiating water rights or extraction limits
• Defining construction or development zones
• Assessing environmental impact
• Creating drilling plans and schedules
• Assuring compliance with safety standards

Relevant Sectors

• Oil & Gas
• Mining
• Construction
• Water Supply & Management
• Environment & Conservation

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Genie Definition 2

Deep well means any well drilled and completed beyond a particular depth or geological layer, exclusive of a shallow well.

Relevant Contract Types

• Geothermal Energy Agreement
• Exploration Agreement
• Farmout Agreement
• Royalty Agreement
• Land Drilling Contract

Relevant Circumstances

• Establishing exploration rights and responsibilities
• Defining depth of operational sector
• Deciding upon drilling limitations or exclusions
• Calculating royalty or revenue share based on well depth

Relevant Sectors

• Energy
• Natural Resources
• Real Estate
• Agriculture
• Geology & Seismology

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