Non-Consent Operations to Maintain. Contract Area) was not applicable to the drilling of that Appraisal Well. The Operator’s proposal shall be for one of the following operations:
Non-Consent Operations to Maintain. Contract Area) applies to the proposal of that well, that proposal shall require the unanimous agreement of the Parties. Any substitute well for, and all operations at Objective Depth conducted in or through the well bore of that well shall be deemed [Complete the following blank in the same manner as the previous blank in this Article 11.6, that is, with “Appraisal” or “Development.”] ____________________ Operations, and shall be proposed, approved, and conducted accordingly.
Non-Consent Operations to Maintain. Contract Area), results in an event provided in Article 16.6 (a) or (b) and a Non-Participating Party's Working Interest and leasehold operating rights revert back to the Non-Participating Party, all well equipment in place as a result of that Non-Consent Operation and all Development Systems fabricated and installed as a result of that Non-Consent Operation and rights to future Hydrocarbon production from a Producible Reservoir discovered or extended by that Non-Consent Operation as described in Article 16.5.7
Non-Consent Operations to Maintain. Contract Area), upon the timely commencement of a Non-Consent Operation, each Non-Participating Party's Working Interest and leasehold operating rights in the Non-Consent Operation along with its title to that portion of future Hydrocarbon production provided in this Article 16.5, if any, shall be owned by and vested in each Participating Party in accordance with its Participating Interest Share in the Non-Consent Operation under Article 8.4 (
Non-Consent Operations to Maintain. Contract Area), a Non-Participating Party's Working Interest and leasehold operating rights revert to the Non-Participating Party, effective at 7:00 a.m. of the day after the settlement of the Underinvestment, if any, incurred with respect to such Non-Consent Operation, in accordance with Article 16.9 (Settlement of Underinvestments) and the occurrence of the first of (a) through (d):
Non-Consent Operations to Maintain. Contract Area) in order to maintain a portion of the Contract Area, then each Non-Participating Party in that activity or operation shall relinquish and permanently assign, effective on the date the activity or operation is commenced, to the Participating Parties one hundred percent (100%) of the Non-Participating Party's Working Interest in the affected portion of the Contract Area, including property and equipment acquired under this Agreement that is for the sole benefit of the affected portion of the Contract Area, within thirty (30) days of the commencement of that activity or operation. That assignment shall be conveyed to the Carrying Parties in proportion to their Participating Interest Share in that activity or operation. The Non-Participating Party shall bear all expenses associated with that assignment and shall be subject to Article 17.3.1 (Prior Expenses), Article 17.3.2 (Confidentiality) and Article 17.3.3
Non-Consent Operations to Maintain. Contract Area), any one of which would maintain the entire Contract Area or the affected portion of the Contract Area, a Participating Party in any one of those activities or operations shall not be required to make an assignment under Article 16.4 (
Non-Consent Operations to Maintain. Contract Area), was a Non-Participating Party in the Development System which is for the sole benefit of the non-forfeited portion of the Contract Area, upon DOI approval of that assignment, the assigned acreage shall be expunged from Exhibit “A,” and it shall no longer be included in the Contract Area. If that assignment is to two or more Participating Parties in that activity or operation, then (a) the assigned acreage shall be deemed to be governed by an operating agreement incorporating identical provisions as the provisions in this Agreement, except to the extent they are clearly inappropriate, (b) the execution of the operating agreement by those Participating Parties shall be considered a mere formality only, (c) the Operator of the assigned acreage shall promptly prepare that operating agreement, and (d) the Participating Parties shall promptly execute it. If a Development System is for the sole benefit of the non-forfeited portion of the Contract Area and if the Participating Parties in the operation or activity, which was conducted in order to save the forfeited portion of the Contract Area, are Participating Parties in that Development System, the Parties shall amend this Agreement to provide for a separate operational area for the forfeited portion of the Contract Area and a separate operational area for the non-forfeited portion of the Contract Area, and this Agreement shall apply separately to each operational area; provided however, the Participating Parties in the Development System that is for the sole benefit of the non-forfeited portion of the Contract Area, who participated in the operation or activity, which were conducted in order to save the forfeited portion of the Contract Area, shall have the same priority of access to that Development System as the Parties in the separate operational area for the non-forfeited portion of the Contract Area.
Non-Consent Operations to Maintain. Contract Area 1
Non-Consent Operations to Maintain. Contract Area) applies to the proposal of that well, that proposal shall require the unanimous agreement of the Parties. Any substitute well for, and all operations at Objective Depth conducted in or through the well bore of that well shall be deemed [Complete the following blank in the same manner as the previous blank in this Article 11.6, that is, with “Appraisal” or “Development.”] ____________________ Operations, and shall be proposed, approved, and conducted accordingly. DEVELOPMENT PHASES Phased Development In view of the Costs and scope of developing and producing Hydrocarbons from the Contract Area, the Parties may agree to undertake an initial Development Phase and one or more subsequent Development Phases. A separate Development Plan shall be prepared for each Development Phase, and each Development Plan shall be generated, approved, and implemented under this Article 12 (Development Phases). Each Development Phase may be comprised of as many as four stages – the Feasibility Stage, the Selection Stage, the Define Stage, and the Execution Stage. For each stage undertaken, subject to the provisions of this Article 12 (Development Phases), any Party may submit a proposal and an associated AFE for the Parties’ approval. Each stage AFE shall cover all of the estimated Costs to be incurred during that stage, except for the Costs of drilling xxxxx, including those of the Feasibility Team or Project Team. Feasibility Team Proposal The Feasibility Stage commences upon the approval of a proposal for the formation of a Feasibility Team and the Feasibility AFE. No Party may propose the formation of a Feasibility Team for a Development Phase until such time as any previously formed Feasibility Team for that Development Phase has terminated. For a period of ________ (___) days from [Select one of the following.] ☐ the conclusion of Exploratory Operations, ☐ other (describe): , the Operator has the exclusive right to propose the formation of a Feasibility Team and submit to the Parties a Feasibility AFE accompanied by a memorandum describing in detail the anticipated scope of work to be undertaken by the Feasibility Team and third party contractors and/or consultants during the Feasibility Stage, the estimated type and number of staff required to complete that scope of work, the estimated duration of the Feasibility Stage, and the estimated Costs of the Feasibility Stage. If the Operator does not propose the formation of a Feasibility Team and submit the Feasi...
