Common use of Exploratory Operations Clause in Contracts

Exploratory Operations. Operations on the LEASE which are scheduled for an objective zone, horizon or formation: (1) which has not been established as producible on the LEASE under 2.16 below; or, (2) which is already established as producible on the LEASE

Appears in 1 contract

Sources: Oil and Gas Lease Agreement (Beta Oil & Gas Inc)

Exploratory Operations. Operations on the LEASE which are scheduled for an objective zone, horizon or formation: (1) which has not been established as producible on the LEASE under 2.16 below; or, (2) which is already established as producible on the LEASEunder

Appears in 1 contract

Sources: Undivided Interest Agreement (Beta Oil & Gas Inc)