New Xxxxx Sample Clauses

New Xxxxx. Subject to the terms and conditions hereof and in accordance with the terms of the Operating Agreement, Participants agree to participate in the drilling, completion (or plugging and abandonment), equipping, and operations of New Xxxxx to be located within the Project Area in accordance with their respective Proportionate Shares. Each New Well shall be drilled to a depth or formation, at a horizontal distance (if applicable), at a location, on an applicable drilling and spacing unit (provided any drilling or spacing unit other than a 320-acre unit must be mutually agreed upon by the Participants) with the estimated dry hole and completed well costs, and as otherwise specified on the Authorization for Expenditure (“AFE”) as prepared and submitted by NDL to Participants pursuant to Paragraph II.A.4. The Participants acknowledge the AFE is an estimate and that they will be responsible for actual completed well (or dry hole) costs. Each New Well shall be drilled in accordance with the terms and conditions of the Operating Agreement.
New Xxxxx. Notwithstanding anything to the contrary set forth in this Agreement, Buyer shall be entitled to all proceeds from the sale of Hydrocarbons from the New Xxxxx from each of the New Xxxxx’ first date of production, net of Seller’s proportionate share of Property Costs for the New Xxxxx paid by Seller, without regard to when they were incurred, and shall be responsible for all Property Costs and other costs attributable to the ownership and operation of the New Xxxxx, without regard to when such Property Costs and other costs attributable to the ownership and operation of the New Xxxxx were incurred.
New Xxxxx. New monitoring xxxxx will either be constructed in the upper aquifer, lower aquifer, or Santa Xxxxxxxxx Formation aquifer (as defined in Attachment 1). New xxxxx shall not be constructed as composite xxxxx. The exact depth and perforation intervals of these xxxxx will be determined from site-specific data collected during the drilling of the boreholes for the xxxxx. New monitoring xxxxx will be constructed with minimum 4-inch diameter casing in order to allow for collection of groundwater samples. Each new monitoring well will be constructed with a steel above-ground riser equipped with a protective locking cap for keeping the wellhead secure. The above-ground riser will be surrounded by cement-filled steel bollards for further protection. A dedicated reference point shall be established and marked on the top of the monitoring well casing. All groundwater level measurements shall be obtained relative to the reference point. The elevation of the reference point shall be surveyed to an accuracy of 0.1 foot relative to mean sea level (NAVD88) by a California licensed land surveyor.
New Xxxxx. New Well shall mean any well proposed to be drilled or re-entered on the Real Property after the Effective Date hereof other than a well to be proposed by Venoco at the MJ-60 LW # 1. With respect to any New Xxxxx proposed to be drilled on the Real Property or on lands pooled with the Real Property in which Xxxxxxx elects to participate, Xxxxxxx shall be assigned an interest equal to 50% of the Interests currently owned by Venoco in the well bore of such New Well and Xxxxxxx shall be obligated to pay its proportionate share of the cost of such New Well. All such assignments shall be made within Fifteen days of the date any such New Well is spud. To the extent there are any liens or encumbrances, other than Permitted Encumbrances, on the Real Property involved, all such assignments shall be accompanied by releases of any such liens or encumbrances as they relate to the wellbore interest to be assigned. To the extent either party does not participate in any New Well such party will be subject to the independent penalty provisions of three hundred percent or other relevant penalty provisions as implemented pursuant the operative provisions in any Joint Operating Agreement governing operations on the New Well.
New Xxxxx. A well proposed to be drilled on lands included within a producing unit previously established for a Project Well, but targeting the testing of and completion in a horizon, formation or interval other than that owned relative to the Project Well shall be defined as a "New Well". After such time that Nacogdoches Gas has funded twelve (12) or more Project Wells, it shall have the option to participate in the costs of the drilling and completion of a New Well for the percentage equal to the Allocated Funding Percentage determined in the manner described under
New Xxxxx. No new xxxxx will be permitted to be developed on the Property, with the sole exceptions of: (1) xxxxx that may be permitted by the State of Arizona and developed by the City for municipal potable water utility purposes, including recovery of recharged effluent; and (2) xxxxx producing non-potable water necessary for the continuation of agriculture and/or livestock ranching on the undeveloped portions of the Property or the remaining property owned by HJFT.

Related to New Xxxxx

  • Contract Area Identification The Operations shall be conducted exclusively in the Contract Area, described and delimited in Annex I.

  • Xxxxx All of the oil and gas xxxxx, salt water disposal xxxxx, injection xxxxx and other xxxxx and wellbores located on or attributable to the Interests or on lands pooled or unitized with any portion thereof, or on lands located within any governmental drilling or spacing unit which includes any portion thereof, or on portions thereof associated with proved undeveloped reserves whether producing, in progress, plugged or unplugged, shut-in or permanently or temporarily abandoned, including but not limited to the xxxxx identified on Exhibit “B” (the “Xxxxx”).

  • Production Work In the event that MP requests ICQ's production assistance for activities outside the scope of ICQ's obligations under this Agreement in connection with (i) ongoing programming and maintenance related to the MP Areas, (ii) a redesign of or addition to the MP Areas (e.g., a change to an existing screen format or construction of a new custom form), (iii) production to modify work performed by a third party provider or (iv) any other type of production work, MP will work with ICQ to develop a detailed production plan for the requested production assistance (the "Production Plan"). Following receipt of the final Production Plan, ICQ will notify MP of (i) ICQ's availability to perform the requested production work, (ii) the proposed fee or fee structure for the requested production and maintenance work and (iii) the estimated development schedule for such work. ICQ will make commercially reasonable efforts to respond to MP promptly and to undertake in good faith the production assistance requested by MP. To the extent the Parties reach agreement regarding implementation of the agreed-upon Production Plan after good faith negotiations, such agreement will be reflected in a separate work order signed by the Parties. To the extent MP elects to retain a third party provider to perform any such production work, work produced by such third party provider must generally conform to ICQ's standards & practices (and any standard ICQ "styleguide"). The specific production resources which ICQ allocates to any production work to be performed on behalf of MP will be as determined by the Parties in the work order. With respect to any routine production, maintenance or related services which are necessary for ICQ to perform in order to support the proper functioning and integration of the MP Areas ("Routine Services"), MP will pay the then-standard fees charged by ICQ for such Routine Services provided that ICQ notifies MP in advance of incurring these charges (providing MP an explanation of the basis for them) and obtains MP's prior approval for them.

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Production Lessee shall, subject to applicable laws, regulations and orders, operate and produce all xxxxx upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of xxxxx on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties.

  • Area of Concern Warped exterior doors. Standard: Exterior doors are subject to a great deal of stress due to the extreme difference in temperature from inside to outside and some warping is to be expected. However, the doors should remain operable and weather resistant and should not warp to exceed the National Woodwork Manufacturer’s Association Standards (1/4 inch).

  • Area of Interest 10.1 If either party or any of its Affiliates stakes or otherwise acquires any interest in primary mining licenses, prospecting licenses, or any other form of mineral license (the “AOI License”) located wholly or partly in an area (the “Area of Interest”) within fifteen (15) kilometres from any portion of the Property as it exists at the date of execution of this Agreement, the acquiring party will forthwith give notice to the non-acquiring party of such staking or acquisition, the costs thereof and all details in its possession with respect to the nature of the AOI License and the known mineralization thereon. Upon delivery of such notice, the non-acquiring party will have the right to elect whether to add such rights to the Property (whether the rights are contained wholly within the Area of Interest or only partially within the Area of Interest), and:

  • Oil and Gas Operations To the best knowledge of Esenjay, all xxxxx included in the Esenjay Assets have been drilled and completed (if applicable), operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Esenjay Assets. Proceeds from the sale of Hydrocarbons produced from Oil and Gas Interests included in the Esenjay Assets are being received by Esenjay in a timely manner and are not being held in suspense for any reason (except for amounts, individually or in the aggregate, not in excess of $25,000 and held in suspense in the ordinary course of business). None of the Oil and Gas Interests included in the Esenjay Assets are subject to production curtailments, and, to the knowledge of the Esenjay, no such production curtailment is pending or threatened.

  • Underground Facilities All underground pipelines, conduits, ducts, cables, wires, manholes, vaults, tanks, tunnels, or other such facilities or attachments, and any encasements containing such facilities, including without limitation those that convey electricity, gases, steam, liquid petroleum products, telephone or other communications, cable television, water, wastewater, storm water, other liquids or chemicals, or traffic or other control systems.

  • Overbuilds Embarq will not provide non-discriminatory access to FTTH Loop or FTTC Loop on an unbundled basis when Embarq has deployed a FTTH Loop or FTTC Loop parallel to, or in replacement of, an existing loop facility, except that: