Common use of Contraction Clause in Contracts

Contraction. If the drilling of the well may be avoided, Without other penalty, by contraction of the Unit Area, Unit Operator shall make reasonable effort to effect such contraction with the approval of the Director.

Appears in 1 contract

Sources: Unit Operating Agreement (Pacific Energy Resources LTD)

Contraction. If the drilling Drilling of the well may be avoided, Without without other penalty, by contraction of the Unit Area, Unit Operator shall make a reasonable effort to effect such contraction with the approval of the DirectorDirector in the manner provided in numbered Paragraph 2 of the Unit Agreement.

Appears in 1 contract

Sources: Unit Operating Agreement (Pacific Energy Resources LTD)