AFEs. Prior to any Party Operator (a) spudding any well included in the Annual Plan and Budget, or (b) making any expenditure that is included in the Annual Plan and Budget and that is estimated to cost in excess of $500,000, such Party Operator shall submit an AFE to the Parties covering such well or expenditure for information purposes only.
Appears in 3 contracts
Sources: Joint Development Agreement, Joint Development Agreement (Noble Energy Inc), Joint Development Agreement (CONSOL Energy Inc)