Covered Project

Covered Project. Means hydrocarbon leasehold and related rights, including any related Wells held by Scintilla and/or NDL that are determined to have associated Proved Reserves, whether by internal engineering analysis on the part of Scintilla and/or NDL or by external engineering analysis. Covered projects shall include, without limitation, (a) all such Wells determined to have associated Proved Reserves that are drilled to or recompleted in zones above or below the Misener-Hunton formation within the... geographic boundaries of the contract areas respectively described in the Luther JOA and the Golden Lane Agreement, and (b) all such Wells determined to have associated Proved Reserves that are drilled to or recompleted in any formation outside the geographical boundaries of the contract areas respectively described in the Luther JOA and the Golden Lane Agreement. View More