Existing Well Clause Samples
The 'Existing Well' clause defines the status and treatment of any oil, gas, or water wells that are already present on a property at the time an agreement is made. It typically outlines the rights and responsibilities of the parties regarding the continued operation, maintenance, or abandonment of these wells, and may specify who bears the costs or receives the benefits from their production. This clause ensures clarity about ownership and operational duties for pre-existing wells, preventing disputes and allocating risk between parties.
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Existing Well. Upon completion of the Project and connection of City water to Owner’s Property, Owner shall not be allowed to use the existing well water for potable water purposes. As part of the project, the existing well on the property will be isolated and separated from the City’s water service providing potable water. Owner shall have the option to continue to use the existing well for non-potable purposes, such as irrigation and fire protection purposes, in accordance with all applicable laws and regulations.
Existing Well. An existing operating gas well is currently located on the Site. Contractor shall at all times avoid interfering with the operation of the well and any related pipelines and facilities, and shall provide reasonable access to the operator of the well or pipeline for maintenance and other purposes.
Existing Well. Landlords agree that Tenant shall have the right, at all times during the Term hereof, including any Extension Periods, to operate and use the existing private water well which is located on the Premises for Tenant’s operation of the Premises.
Existing Well. If this Permit is for use with an existing well, I/we will provide the Well Driller’s Report for the well, or other documentation demonstrating that it is a legal well.