Deep or Horizontal Wells Sample Clauses

Deep or Horizontal Wells. 8.b.1 Given the nature of the oil and gas industry, the Parties recognize that any number of potential oil and gas opportunities contemplated by this Agreement may involve either Deep Well or Horizontal Well drilling. The Parties agree that in the case of either Deep Well drilling or Horizontal Well drilling, the relationship between the Parties and the work required to be done shall be governed by the terms and conditions contained in Section 8(b)(i) of the American Association of Petroleum Landmen Form 610, substantially in the form attached as Exhibit D hereto. 8.b.2 In the case of either a Deep Well or Horizontal Well, the Parties agree that all such Deep Wells or Horizontal Wells d▇▇▇▇▇d according to ▇▇▇▇ Agreement shall be governed by a deep drilling and operating agreement substantially in the form attached as Exhibit E hereto (the "Deep Drilling Operating Agreement") In any such case as may require a substantial deviation from the form Deep Drilling Operating Agreement attached hereto, the Advisor agrees to consult with Company regarding the changes that need to be made in order to execute a revised Deep Drilling Operating Agreement.