{"component": "clause", "props": {"groups": [{"snippet": "It is the intent and agreement of ESI and Investors to initially drill a minimum of four (4) \u2587\u2587\u2587\u2587\u2587 as the first part of the drilling program. As set forth herein, Investors shall have the option to finance and invest in an additional twenty (20) gas \u2587\u2587\u2587\u2587\u2587 over an eighteen (18) month period from the date first above written. Each well drilled shall have 20 days to finance the said \u2587\u2587\u2587\u2587\u2587 by the investors. ESI and Investors shall each have the specific duties, obligations and responsibilities as described and set forth in this Agreement, and specifically Section 2, below.", "snippet_links": [{"key": "and-agreement", "type": "clause", "offset": [17, 30]}, {"key": "option-to", "type": "clause", "offset": [188, 197]}, {"key": "invest-in", "type": "clause", "offset": [210, 219]}, {"key": "an-additional", "type": "clause", "offset": [220, 233]}, {"key": "period-from", "type": "definition", "offset": [284, 295]}, {"key": "by-the-investors", "type": "clause", "offset": [389, 405]}, {"key": "specific-duties", "type": "clause", "offset": [445, 460]}, {"key": "obligations-and-responsibilities", "type": "clause", "offset": [462, 494]}, {"key": "in-this-agreement", "type": "clause", "offset": [522, 539]}, {"key": "section-2", "type": "clause", "offset": [558, 567]}], "size": 2, "samples": [{"hash": "8VWAQiXXIMU", "uri": "/contracts/8VWAQiXXIMU#drilling-program", "label": "Joint Venture Agreement (Ias Energy, Inc.)", "score": 19.0, "published": true}, {"hash": "3YQXTlhcRaH", "uri": "/contracts/3YQXTlhcRaH#drilling-program", "label": "Joint Venture Agreement (Ias Communications Inc)", "score": 19.0, "published": true}], "hash": "3ea1bd38259fc4c66014cf9409571628", "id": 1}, {"snippet": "Before any drilling begins on any well, OPERATOR shall deliver the drilling program to CONTRACTOR which Contractor shall give notice to Operator of its' receipt. Contractor shall also certify in writing to Operator that \"rigging-up\" is satisfactorily completed. CONTRACTOR shall use reasonable diligence to conduct all drilling operations in conformance with OPERATOR's drilling program. OPERATOR may modify the drilling program so long as any modifications which materially increases CONTRACTOR's hazards or costs of performance bears CONTRACTOR's approval and provides for an appropriate rate increase as mutually agreed by the parties. CONTRACTOR SHALL NOT BEGIN TO DISMANTLE ITS RIG AND EQUIPMENT FOR DEMOBILIZATION UNTIL AUTHORIZED TO DO SO BY OPERATOR IN WRITING.", "snippet_links": [{"key": "to-contractor", "type": "clause", "offset": [84, 97]}, {"key": "contractor-shall", "type": "clause", "offset": [104, 120]}, {"key": "notice-to", "type": "definition", "offset": [126, 135]}, {"key": "in-writing", "type": "definition", "offset": [192, 202]}, {"key": "satisfactorily-completed", "type": "definition", "offset": [236, 260]}, {"key": "reasonable-diligence", "type": "clause", "offset": [283, 303]}, {"key": "drilling-operations", "type": "definition", "offset": [319, 338]}, {"key": "costs-of-performance", "type": "definition", "offset": [509, 529]}, {"key": "an-appropriate", "type": "clause", "offset": [575, 589]}, {"key": "rate-increase", "type": "clause", "offset": [590, 603]}, {"key": "by-the-parties", "type": "clause", "offset": [623, 637]}, {"key": "and-equipment", "type": "clause", "offset": [687, 700]}, {"key": "by-operator", "type": "clause", "offset": [746, 757]}], "size": 2, "samples": [{"hash": "3zDKCD69QW8", "uri": "/contracts/3zDKCD69QW8#drilling-program", "label": "Drilling Contract (Harken Energy Corp)", "score": 18.0, "published": true}], "hash": "5b670bf278cabc385e1e4e01114ff8c0", "id": 3}, {"snippet": "3.1 Eni represents, without warranty of title, except by, through and under Eni, that it is the owner of one hundred percent (100%) record title interest in the Leases, and that the Subject Interests (as defined in 1.14) to be earned by Woodside and Ridgewood pursuant to this Agreement shall be free and clear of all liens, claims and encumbrances. The Leases, as to all depths, described on Exhibit \"A\" comprise all of and are subject to the East Breaks 112 Unit (Unit No. 754391005).\n3.2 Subject to rig availability and acquisition of all required permits and approvals, by Eni as operator of the East Breaks 112 Unit, on or before the 1st day of December, 2005, Woodside, as designated Operator, will commence and thereafter diligently conduct operations to drill or cause to be drilled, an exploratory test well on East Breaks Block 157 at a surface and bottom hole location of X =1,077,753 feet and Y = 10,100,897 feet UTM to a minimum total depth of 12,000 feet MD / TVD (\"Objective Depth\") or such greater depth as may be mutually agreed by the Parties to evaluate Eni's Topaz prospect (hereinafter referred to as \"Test Well\"). Woodside and Ridgewood will each pay thirty-seven and five-tenths percent (37.5%), being a combined seventy-five percent (75%) of the estimated dry hole cost to drill the Test Well to Casing Point or through the plugging or temporary abandonment to earn an undivided twenty-five percent (25%) each, being a combined fifty percent (50%) operating rights (as described in 3.3) in the Leases. The costs to drill the Test Well (or its substitute), on which Woodside and Ridgewood bear a disproportionate share is limited to the actual drilling cost to reach Casing Point, or through plugging and abandoning if a dry hole, or $ 13.2 million dollars, whichever is less (\"Cap Amount\") based on 110% of Woodside's AFE which is defined in Article 1.5 and attached as Exhibit \"D\". Thereafter, Woodside and Ridgewood will each pay their prorata twenty-five percent (25%) working interest shares of any well costs in excess of the Cap Amount and all other costs incurred from and after the Effective Date (including P&A cost) in accordance with the terms of the Offshore Operating Agreement attached as Exhibit \"C\".\n3.3 Upon satisfaction by Woodside and Ridgewood of their obligations to drill the Test Well to Casing Point or spend up to 110 % of the AFE and subject to the further provisions of this Article III, Eni shall assign to Woodside and Ridgewood each an undivided twenty five percent (25%) operating rights interest in and to the Leases less and except the Excluded Area. The Subject Interests being assigned to Woodside and Ridgewood shall be subject only to their proportionate share of the Lessor's royalty and no other burdens. The assignment of Operating Rights, if approved by the MMS, shall be made without warranty of title except by, through and under Eni and will be on a mutually acceptable form.\n3.3.1 The Assignment shall become validated upon the following:\nA. Woodside and Ridgewood receiving approval from the MMS of the separate transfer and assignment of operating rights by Eni to Woodside and Ridgewood of the Subject Interests in accordance with all laws, rules and regulations applicable thereto and\nB. Any assignment of Subject Interests or portion thereof that is not approved by the MMS will be handled in a manner that is mutually acceptable to the Parties to effect the transfer of the Subject Interests. Upon fulfillment of the foregoing conditions, the Assignments shall be effective retroactive to the Effective Date.", "snippet_links": [{"key": "warranty-of-title", "type": "clause", "offset": [28, 45]}, {"key": "the-owner", "type": "clause", "offset": [92, 101]}, {"key": "record-title-interest", "type": "definition", "offset": [132, 153]}, {"key": "the-leases", "type": "definition", "offset": [157, 167]}, {"key": "the-subject", "type": "clause", "offset": [178, 189]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [260, 286]}, {"key": "free-and-clear", "type": "definition", "offset": [296, 310]}, {"key": "claims-and-encumbrances", "type": "clause", "offset": [325, 348]}, {"key": "subject-to-the", "type": "definition", "offset": [429, 443]}, {"key": "east-breaks", "type": "definition", "offset": [444, 455]}, {"key": "unit-no", "type": "definition", "offset": [466, 473]}, {"key": "permits-and-approvals", "type": "clause", "offset": [551, 572]}, {"key": "day-of", "type": "clause", "offset": [643, 649]}, {"key": "designated-operator", "type": "definition", "offset": [679, 698]}, {"key": "test-well", "type": "definition", "offset": [807, 816]}, {"key": "bottom-hole", "type": "definition", "offset": [859, 870]}, {"key": "location-of", "type": "definition", "offset": [871, 882]}, {"key": "objective-depth", "type": "definition", "offset": [980, 995]}, {"key": "by-the-parties", "type": "clause", "offset": [1046, 1060]}, {"key": "five-percent", "type": "clause", "offset": [1244, 1256]}, {"key": "dry-hole", "type": "clause", "offset": [1280, 1288]}, {"key": "casing-point", "type": "definition", "offset": [1320, 1332]}, {"key": "temporary-abandonment", "type": "definition", "offset": [1360, 1381]}, {"key": "fifty-percent", "type": "definition", "offset": [1452, 1465]}, {"key": "disproportionate-share", "type": "clause", "offset": [1619, 1641]}, {"key": "actual-drilling", "type": "definition", "offset": [1660, 1675]}, {"key": "cap-amount", "type": "clause", "offset": [1801, 1811]}, {"key": "based-on", "type": "definition", "offset": [1814, 1822]}, {"key": "shares-of", "type": "clause", "offset": [2013, 2022]}, {"key": "well-costs", "type": "definition", "offset": [2027, 2037]}, {"key": "costs-incurred", "type": "definition", "offset": [2080, 2094]}, {"key": "from-and-after-the-effective-date", "type": "clause", "offset": [2095, 2128]}, {"key": "in-accordance-with", "type": "clause", "offset": [2150, 2168]}, {"key": "terms-of-the", "type": "clause", "offset": [2173, 2185]}, {"key": "offshore-operating-agreement", "type": "clause", "offset": [2186, 2214]}, {"key": "upon-satisfaction", "type": "definition", "offset": [2244, 2261]}, {"key": "article-iii", "type": "clause", "offset": [2426, 2437]}, {"key": "excluded-area", "type": "definition", "offset": [2593, 2606]}, {"key": "subject-only", "type": "definition", "offset": [2680, 2692]}, {"key": "the-lessor", "type": "definition", "offset": [2725, 2735]}, {"key": "assignment-of-operating-rights", "type": "definition", "offset": [2772, 2802]}, {"key": "approved-by", "type": "clause", "offset": [2807, 2818]}, {"key": "acceptable-form", "type": "definition", "offset": [2927, 2942]}, {"key": "transfer-and-assignment", "type": "definition", "offset": [3082, 3105]}, {"key": "all-laws", "type": "clause", "offset": [3203, 3211]}, {"key": "regulations-applicable", "type": "clause", "offset": [3223, 3245]}, {"key": "assignment-of-subject-interests", "type": "definition", "offset": [3265, 3296]}, {"key": "not-approved", "type": "definition", "offset": [3324, 3336]}, {"key": "transfer-of-the", "type": "clause", "offset": [3433, 3448]}, {"key": "the-foregoing", "type": "definition", "offset": [3488, 3501]}, {"key": "the-assignments", "type": "clause", "offset": [3514, 3529]}], "size": 2, "samples": [{"hash": "b2Wgz1iPoXj", "uri": "/contracts/b2Wgz1iPoXj#drilling-program", "label": "Topaz Prospect Well Participation Agreement (Ridgewood Energy M Fund LLC)", "score": 18.0, "published": true}], "hash": "4b164d8153279ec0936b92416c10bc63", "id": 2}, {"snippet": "A. The Drilling Program shall be conducted as \u2587\u2587\u2587\u2587\u2587\u2587\u2587 in its capacity as Operator and shall consist of the drilling, logging, testing and the completing and equipping for production (or if applicable, the plugging and abandonment) of ten (10) \u2587\u2587\u2587\u2587\u2587 upon the subject prospects (the \u201cProgram \u2587\u2587\u2587\u2587\u2587\u201d), with such \u2587\u2587\u2587\u2587\u2587 being located at sites selected by \u2587\u2587\u2587\u2587\u2587\u2587\u2587 and being drilled to a subsurface depth equal to such depth as is necessary to penetrate prospectively productive sands of the Frio Formation (\u201cContract Depth\u201d). The total operational and overhead costs for one hundred percent (100%) interest in the 10-Well Drilling Program is U.S. $3,500,000.00 or less. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall use all reasonable efforts to cause the initial Drilling Program Well to be spudded on or before April 1, 2006, and to thereafter conduct the Drilling Program on a sequential basis in such a manner so that the Drilling Program shall be completed within nine (9) months of the date on which the initial Program Well was spudded. The parties acknowledge delays in drilling may be occasioned by lack of rig availability, weather conditions and, where applicable, flood waters of the Mississippi River. When any such condition exists, the completion date of the Drilling Program may be extended by such period of time as equals the period access to a location or locations was impractical or unduly burdensome. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall cause each horizon encountered by each Program Well that is potentially capable of producing hydrocarbons in commercial quantities to undergo the following logging and testing program:\n(i) a dual induction sonic electrical log or its equivalent; and,\n(ii) side wall core testing of all potentially productive formations. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall provide Investor with reasonable notice of the conducting of each such logging and testing program in such manner and time as to allow Investor sufficient opportunity to have a representative present during such logging and testing. Based upon the results of the logging and testing, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall decide whether or not a completion attempt should be conducted as to any one or more of the tested horizons. In the event that \u2587\u2587\u2587\u2587\u2587\u2587\u2587 should decide against any completion attempt as to a particular Program Well, then such Program Well shall be immediately plugged and abandoned. In the event that \u2587\u2587\u2587\u2587\u2587\u2587\u2587 should decide to conduct one or more completion attempts as to a particular Program Well, then such completion attempt shall be conducted by \u2587\u2587\u2587\u2587\u2587\u2587\u2587.\nB. Prior to the spudding of each Program Well, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall:\n(i) hold defensible title to the oil, gas and mineral leasehold estate covering the Prospect;\n(ii) obtain and deliver to Investor a drill site title opinion, which shall be addressed to \u2587\u2587\u2587\u2587\u2587\u2587\u2587, covering the applicable well site acreage and indicating that the title to interests to be acquired by Investor hereunder is of a nature that is customarily relied upon by a reasonable person engaged in activities similar to those contemplated by the Drilling Program;\n(iii) obtain from the applicable governmental authority all necessary licenses and permits;\n(iv) use its reasonable efforts to (1) obtain leases covering any mineral estate underlying the applicable well site acreage that is not otherwise subject to a lease held by \u2587\u2587\u2587\u2587\u2587\u2587\u2587; provided that such leases, without the prior consent of Investor, shall not provide for more than twenty-five percent (25%) of eight-eighths (8/8) royalty and overriding royalty interest; (2) enter into a drilling contract with a drilling contractor regularly engaged in such business on such terms as \u2587\u2587\u2587\u2587\u2587\u2587\u2587 deems to be in the best interest of the Drilling Program.\n1. Within forty-eight (48) hours after the execution of this Agreement by Investor, Investor shall cause to be wired to the Truly, \u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587 Trust Account (the \u201cEscrow Agent\u201d) at the Natchez Main Office of AmSouth Bank the sum of $110,000.00 (U.S. Dollars) to cover costs and expenses of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 in managing the Drilling Program, costs previously incurred in obtaining and processing seismic information and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 ongoing office overhead expenses. The said $110,000.00 shall be paid to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 by the Escrow Agent only after receipt from \u2587\u2587\u2587\u2587\u2587\u2587\u2587 certifying the owner or owners of the remaining fifty percent (50%) interest of the Drilling Program, who are unrelated third parties to the Investor, had paid their fifty percent (50%) share, or $550,000.00, of the costs and expenses in managing the Drilling Program, costs previously incurred in obtaining and processing seismic information and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 ongoing office overhead expenses. Failure of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to receive from the other unrelated third party owners of fifty percent (50%) of the Drilling Program their contribution to cover said costs and expenses within forty-eight (48) hours of Investor\u2019s payment to the Escrow Agent shall give rise to Investor the right to demand from the Escrow Agent a return of the full escrow payment. The liability of the Escrow Agent shall be limited to the receipt, holding and disbursing of the escrowed funds as set out above.\n2. Upon the payments for which provision is made in Paragraph 1 above, Investor shall caused to be wired to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 the sum of $240,000.00 (U.S. Dollars), which payment shall be made on or before January 20, 2006. This payment is conditioned upon Investor and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 entering into a mutually acceptable Joint Operating Agreement containing provisions customarily found in such Operating Agreements covering Frio \u2587\u2587\u2587\u2587\u2587 in Southwest Mississippi. Failure to agree upon a Joint Operating Agreement by January 20, 2006, shall permit either party to terminate this Drillling Program Agreement, at which time any funds paid by Investor shall be returned to Investor and neither party shall have any further obligation to the other. The remaining $240,000.00 shall be deposited in a separate \u2587\u2587\u2587\u2587\u2587\u2587\u2587 bank account appropriately identified as the Investor Drilling Fund. As costs are incurred in drilling, completing, operating and constructing pipelines, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 may withdraw from the fund Investor\u2019s proportionate costs of such expenses. Nothing in this Agreement shall be construed as requiring Investor to contribute more than his initial contribution of $350,000.00. Upon the completion of the Drilling Program, any remaining funds in the Investor Drilling Fund shall be refunded to Investor. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall deliver to Investor on a monthly basis an accounting using generally accepted accounting practices, which accounting shall reflect all withdrawals from the Investor Drilling Fund and the amount remaining in it.", "snippet_links": [{"key": "consist-of", "type": "clause", "offset": [92, 102]}, {"key": "if-applicable", "type": "definition", "offset": [186, 199]}, {"key": "plugging-and-abandonment", "type": "clause", "offset": [205, 229]}, {"key": "the-subject", "type": "clause", "offset": [254, 265]}, {"key": "equal-to", "type": "definition", "offset": [398, 406]}, {"key": "contract-depth", "type": "definition", "offset": [502, 516]}, {"key": "the-total", "type": "clause", "offset": [520, 529]}, {"key": "overhead-costs", "type": "clause", "offset": [546, 560]}, {"key": "well-drilling", "type": "definition", "offset": 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{"key": "obligation-to", "type": "clause", "offset": [5786, 5799]}, {"key": "a-separate", "type": "definition", "offset": [5859, 5869]}, {"key": "bank-account", "type": "definition", "offset": [5878, 5890]}, {"key": "fund-investor", "type": "definition", "offset": [6062, 6075]}, {"key": "costs-of", "type": "definition", "offset": [6092, 6100]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [6116, 6141]}, {"key": "contribution-of", "type": "clause", "offset": [6219, 6234]}, {"key": "completion-of-the", "type": "clause", "offset": [6257, 6274]}, {"key": "funds-in", "type": "definition", "offset": [6307, 6315]}, {"key": "monthly-basis", "type": "definition", "offset": [6413, 6426]}, {"key": "accepted-accounting-practices", "type": "definition", "offset": [6457, 6486]}], "size": 2, "samples": [{"hash": "jIXKSX5jQiR", "uri": "/contracts/jIXKSX5jQiR#drilling-program", "label": "Drilling Program Agreement (Delta Oil & Gas Inc)", "score": 16.0, "published": true}], "hash": "7b737bb3d6ec2bf0a1a314d9ccf88c11", "id": 4}, {"snippet": "During the Phase 2 Period, Focus shall cause the JVC to complete:\n(i) a drill program of fifteen thousand (15,000) meters or such other number of meters as may be mutually agreed by the Parties; and\n(ii) a scoping study or preliminary economic assessment for the Project, to the reasonable satisfaction of Daewoo and Focus. Without limiting the foregoing, Focus shall exercise its commercially reasonable efforts to cause the JVC to complete such drilling program during the Phase 2 Period by the date falling sixty (60) days prior to the expiration date of the Phase 2 Period.", "snippet_links": [{"key": "phase-2-period", "type": "definition", "offset": [11, 25]}, {"key": "number-of", "type": "definition", "offset": [136, 145]}, {"key": "by-the-parties", "type": "clause", "offset": [179, 193]}, {"key": "scoping-study", "type": "clause", "offset": [206, 219]}, {"key": "the-project", "type": "clause", "offset": [259, 270]}, {"key": "satisfaction-of", "type": "clause", "offset": [290, 305]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [324, 354]}, {"key": "commercially-reasonable-efforts", "type": "clause", "offset": [381, 412]}, {"key": "prior-to-the", "type": "clause", "offset": [526, 538]}, {"key": "date-of", "type": "clause", "offset": [550, 557]}], "size": 1, "samples": [{"hash": "amBJraOQ0Ve", "uri": "/contracts/amBJraOQ0Ve#drilling-program", "label": "Joint Venture Agreement (Focus Ventures Ltd.)", "score": 26.0212192535, "published": true}], "hash": "4b73a22a2b08d5386c3d3c9c4fadcd1d", "id": 5}, {"snippet": "Upon the execution of this Agreement, PVOG will have the right to select locations with the option to drill five (5) wells to the Cotton Valley Forma\u2587\u2587\u2587\u2587 within the current GMX designated acreage position or Phase I AMI. PVOG will pay 100% of the costs of the completed well to the tanks or sales line as the case may be, excluding any acreage costs to acquire additional acreage in any unit in which a well is drilled for which GMX will bear its 20% proportionate share of costs. As of first sales from each well drilled under this paragraph, PVOG will have an 80% working interest and GMX will have a 20% working interest in all future costs and elections pursuant to Operating Agreement-Unit attributable to such well and applicable unit.", "snippet_links": [{"key": "execution-of-this-agreement", "type": "clause", "offset": [9, 36]}, {"key": "right-to-select", "type": "clause", "offset": [57, 72]}, {"key": "option-to", "type": "clause", "offset": [92, 101]}, {"key": "the-current", "type": "clause", "offset": [161, 172]}, {"key": "phase-i", "type": "definition", "offset": [208, 215]}, {"key": "costs-of", "type": "definition", "offset": [247, 255]}, {"key": "completed-well", "type": "clause", "offset": [260, 274]}, {"key": "the-case", "type": "definition", "offset": [305, 313]}, {"key": "to-acquire", "type": "definition", "offset": [350, 360]}, {"key": "additional-acreage", "type": "clause", "offset": [361, 379]}, {"key": "any-unit", "type": "clause", "offset": [383, 391]}, {"key": "share-of-costs", "type": "definition", "offset": [465, 479]}, {"key": "working-interest", "type": "clause", "offset": [566, 582]}, {"key": "future-costs", "type": "clause", "offset": [631, 643]}, {"key": "pursuant-to", "type": "clause", "offset": [658, 669]}, {"key": "operating-agreement", "type": "clause", "offset": [670, 689]}], "size": 1, "samples": [{"hash": "5tukUdlfB0I", "uri": "/contracts/5tukUdlfB0I#drilling-program", "label": "Participation Agreement (GMX Resources Inc)", "score": 18.0, "published": true}], "hash": "988d5139823e4b667de1be9032406866", "id": 6}, {"snippet": "(a) The Borrower may deliver an updated Drilling Program to the Intercreditor Agent and the Senior Lenders\u2019 Reserves Consultant at any time for approval by the Intercreditor Agent (such approval not to be unreasonably withheld or delayed).\n(b) Each updated Drilling Program shall be accompanied by a written explanation of the differences from the most recent approved Drilling Program.\n(c) A Drilling Program shall not become final and binding on the Parties unless and until it is approved by the Intercreditor Agent (acting in consultation with the Senior Lenders\u2019 Technical Advisor and the Senior Lenders\u2019 Reserves Consultant).\n(d) If, for any reason, a Drilling Program has not been approved in writing by the Intercreditor Agent prior to the beginning of its period, then the most recent approved Drilling Program shall continue to apply.", "snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [4, 16]}, {"key": "the-intercreditor-agent", "type": "clause", "offset": [60, 83]}, {"key": "senior-lenders", "type": "clause", "offset": [92, 106]}, {"key": "reserves-consultant", "type": "clause", "offset": [108, 127]}, {"key": "approval-by", "type": "clause", "offset": [144, 155]}, {"key": "written-explanation", "type": "clause", "offset": [300, 319]}, {"key": "most-recent", "type": "definition", "offset": [348, 359]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [437, 459]}, {"key": "approved-by", "type": "clause", "offset": [483, 494]}, {"key": "in-consultation-with", "type": "definition", "offset": [527, 547]}, {"key": "technical-advisor", "type": "clause", "offset": [568, 585]}, {"key": "for-any-reason", "type": "clause", "offset": [640, 654]}, {"key": "in-writing", "type": "definition", "offset": [697, 707]}, {"key": "prior-to-the", "type": "clause", "offset": [735, 747]}, {"key": "beginning-of", "type": "clause", "offset": [748, 760]}, {"key": "to-apply", "type": "clause", "offset": [835, 843]}], "size": 1, "samples": [{"hash": "dVXwFA05D6n", "uri": "/contracts/dVXwFA05D6n#drilling-program", "label": "Loan Agreement (Ormat Technologies, Inc.)", "score": 23.3504447937, "published": true}], "hash": "5ca91e0ecf96bb037c81542893a5de2c", "id": 7}, {"snippet": "Lessee shall undertake the following Drilling Program in accordance with Article 7.00 of the General Terms:", "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "in-accordance-with", "type": "clause", "offset": [54, 72]}, {"key": "general-terms", "type": "clause", "offset": [93, 106]}], "size": 1, "samples": [{"hash": "jLfi9PbCr4a", "uri": "/contracts/jLfi9PbCr4a#drilling-program", "label": "Lease Agreement", "score": 21.1943531036, "published": true}], "hash": "05443723d3a1720d4b4bf138cd3645f7", "id": 8}, {"snippet": "Royale and CRPC hereby agree to the joint development of the Mineral Interests within the Farmout Lands pursuant to the terms and conditions of this Agreement and the JOA (as defined in Section 9, below). Subject to the terms and provisions of this Agreement, the Year 1 \u2587\u2587\u2587\u2587\u2587, Year 2 \u2587\u2587\u2587\u2587\u2587, and Year 3 \u2587\u2587\u2587\u2587\u2587 (defined below), as the case may be, and Well Costs (defined below) provided for in Sections 4.a, 4.b, and 4.c below represent the minimum amount of \u2587\u2587\u2587\u2587\u2587 and Well Costs and the Parties shall have the right to drill additional \u2587\u2587\u2587\u2587\u2587 over and above said minimum amounts.\na. During the period from and after the Effective Date to December 1, 2019 (\u201cYear 1\u201d), Royale shall complete one of the following (together, the \u201cYear 1 Obligations\u201d): (i) drill and complete (either as commercial producers or as non-productive dry holes) \u2016Redacted -", "snippet_links": [{"key": "agree-to", "type": "clause", "offset": [23, 31]}, {"key": "mineral-interests", "type": "definition", "offset": [61, 78]}, {"key": "farmout-lands", "type": "definition", "offset": [90, 103]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [120, 158]}, {"key": "section-9", "type": "definition", "offset": [186, 195]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [230, 258]}, {"key": "year-1", "type": "definition", "offset": [264, 270]}, {"key": "year-2", "type": "definition", "offset": [278, 284]}, {"key": "year-3", "type": "definition", "offset": [296, 302]}, {"key": "the-case", "type": "definition", "offset": [329, 337]}, {"key": "well-costs", "type": "definition", "offset": [350, 360]}, {"key": "the-parties-shall", "type": "clause", "offset": [483, 500]}, {"key": "right-to", "type": "clause", "offset": [510, 518]}, {"key": "minimum-amounts", "type": "clause", "offset": [562, 577]}, {"key": "from-and-after-the-effective-date", "type": "clause", "offset": [600, 633]}, {"key": "drill-and-complete", "type": "definition", "offset": [751, 769]}], "size": 1, "samples": [{"hash": "1XEcKI8eajc", "uri": "/contracts/1XEcKI8eajc#drilling-program", "label": "Participation Agreement (Royale Energy, Inc.)", "score": 27.8815879822, "published": true}], "hash": "b4483a658778677213abac4a9f558426", "id": 9}, {"snippet": "The Parties hereby agree, subject to Section 4.3 and 4.5 with respect to non-participation elections, to participate in the drilling and completion of \u2587\u2587\u2587\u2587\u2587 within the AMI in the locations described and on the timetable set forth in the attached Exhibit \u201cE\u201d, as amended from time to time pursuant to the mutual agreement of the Parties (the \u201cDrilling Program\u201d). Exhibit \u201cE\u201d attached hereto represents the current best estimate and plan of development by the Parties as of the Execution Date, but shall be revised from time to time as set forth herein. PetroQuest shall serve as initial Operator under each JOA and shall execute its obligations as Operator consistent with the Drilling Program, this Agreement and the JOA. The Parties agree to meet at least once per calendar quarter to update, modify and supplement the Drilling Program, through mutual agreement, to efficiently and reasonably develop the lands within the AMI (each such meeting a \u201cQuarterly Meeting\u201d).", "snippet_links": [{"key": "section-43", "type": "clause", "offset": [37, 48]}, {"key": "with-respect-to", "type": "clause", "offset": [57, 72]}, {"key": "participation-elections", "type": "clause", "offset": [77, 100]}, {"key": "participate-in", "type": "definition", "offset": [105, 119]}, {"key": "completion-of", "type": "definition", "offset": [137, 150]}, {"key": "the-timetable", "type": "clause", "offset": [206, 219]}, {"key": "attached-exhibit", "type": "clause", "offset": [237, 253]}, {"key": "as-amended", "type": "definition", "offset": [259, 269]}, {"key": "from-time-to-time", "type": "clause", "offset": [270, 287]}, {"key": "mutual-agreement-of-the-parties", "type": "clause", "offset": [304, 335]}, {"key": "the-current", "type": "clause", "offset": [401, 412]}, {"key": "best-estimate", "type": "definition", "offset": [413, 426]}, {"key": "plan-of-development", "type": "clause", "offset": [431, 450]}, {"key": "by-the-parties", "type": "clause", "offset": [451, 465]}, {"key": "execution-date", "type": "clause", "offset": [476, 490]}, {"key": "initial-operator", "type": "clause", "offset": [578, 594]}, {"key": "consistent-with-the", "type": "clause", "offset": [656, 675]}, {"key": "this-agreement", "type": "clause", "offset": [694, 708]}, {"key": "agree-to", "type": "clause", "offset": [734, 742]}, {"key": "calendar-quarter", "type": "definition", "offset": [766, 782]}, {"key": "the-lands", "type": "clause", "offset": [902, 911]}, {"key": "quarterly-meeting", "type": "clause", "offset": [949, 966]}], "size": 1, "samples": [{"hash": "9FkSiPx9mw6", "uri": "/contracts/9FkSiPx9mw6#drilling-program", "label": "Joint Development Agreement (Petroquest Energy Inc)", "score": 21.591375351, "published": true}], "hash": "c135de3fad5130030514d1b1ed64088e", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlkcmlsbGluZy1wcm9ncmFtIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["development-of-the-subject-lands", "Development of the Subject Lands"], ["development-of-the-subject-development-lands", "Development of the Subject Development Lands"], ["contract-duration", "CONTRACT DURATION"], ["contract-extension", "Contract Extension"], ["project-undertakings", "Project Undertakings"]], "title": "Drilling Program", "children": [["obligation-to-drill", "Obligation to Drill"], ["drilling-standard", "Drilling Standard"], ["extension-of-obligation-to-drill", "Extension of Obligation to Drill"], ["additional-development-wells", "ADDITIONAL  DEVELOPMENT WELLS"], ["extension-of-drilling-obligation-completion-date", "Extension of \u201cDrilling Obligation Completion Date"]], "size": 48, "id": "drilling-program", "related": [["training-program", "Training Program", "Training Program"], ["feasibility-study", "Feasibility Study", "Feasibility Study"], ["development-plans", "Development Plans", "Development Plans"], ["project-work-plan", "PROJECT WORK PLAN", "PROJECT WORK PLAN"], ["development-program", "Development Program", "Development Program"]], "related_snippets": [], "updated": "2025-09-14T05:54:13+00:00"}, "json": true, "cursor": ""}}