No Drainage. Assignor covenants and agrees that, prior to the Termination Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforated segment in the Target Formation that will be within six hundred (600) feet of any perforated interval in the Target Formation of any Development Well that is producing Minerals from the Target Formation.
Appears in 4 contracts
Samples: Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Term Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust)
No Drainage. Assignor covenants and agrees that, prior to the Termination DateJune 30, 2031, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforated segment in the Target Formation that will be within six hundred (600) feet of any perforated interval in the Target Formation of any Development Well that is producing Minerals from the Target Formation.
Appears in 3 contracts
Samples: Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust), Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust), Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust)
No Drainage. Assignor covenants and agrees that, prior to the Termination DateJune 30. 2031, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforated segment in the Target Formation that will be within six hundred (600) feet of any perforated interval in the Target Formation of any Development Well that is producing Minerals from the Target Formation.
Appears in 3 contracts
Samples: Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust), Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust), Perpetual Overriding Royalty Interest Conveyance (Chesapeake Granite Wash Trust)
