Hazard Survey Data Clause Samples

Hazard Survey Data. Should Chevron possess or acquire any shallow hazard data covering any Leases subject hereto, and that data is used in support of permitting a location to drill a well as a result of this Agreement or the applicable Operating Agreement, then the cost Chevron paid for the shallow hazard data will be added to the cost Ridgewood is required to contribute. Only Ridgewood's proportionate share of the actual cost paid by Chevron for the shallow hazard survey, based on the interest Ridgewood will be assigned in the Lease were the well will be drilled, will be owed to Chevron. Ridgewood will contribute such amount upon receipt of written notice from Chevron detailing the hazard survey charge