PLAN OF DEVELOPMENT. (a) Except as provided in subparagraph (d) below, within 12 months after completion of a well capable of producing oil, gas, or associated substances in paying quantities, the lessee shall file an application for approval by the state of an initial plan of development that must describe the lessee's plans for developing the leased area. No development of the leased area may occur until a plan of development has been approved by the state.
PLAN OF DEVELOPMENT. (a) Except as provided in subparagraph (d) below, within 12 months after certification of a well capable of producing oil, gas, or associated substances in paying quantities, the lessee shall file two copies of an application for approval by each lessor of an initial plan of development that must describe the lessee's plans for developing the leased area. No development of the leased area may occur until a plan of development has been approved by each of the State and ASRC with respect to its undivided interest.
PLAN OF DEVELOPMENT. Any proposed changes in acreage, crops, or use of the Premises must be submitted in writing to, and approved by, State as a plan of development. The State will review the plan and, if acceptable, issue written approval. The Lessee shall perform all development according to the terms of the approved plan of development.
PLAN OF DEVELOPMENT. 11.1 Concurrently with the submission of this Agreement to BLM for approval, the Unit Operator shall submit to BLM an acceptable initial Plan of Development. Said plan shall be as complete and adequate as the authorized officer may determine to be necessary for timely exploration and/or development, and to insure proper protection of the environment and conservation of the natural resources of the Unit Area.
PLAN OF DEVELOPMENT or POD means a plan proposed by CONTRACTOR for the development of a field in which Petroleum is discovered in a quantity and quality that may be produced commercially, the plan of which describes in reasonable detail all information required by SKK MIGAS, including, inter alia, the estimated quantities of reserves and production of Petroleum, expenditures required to develop the field in question and production costs of Crude Oil and/or Natural Gas, costs for abandonment and restoration required for post Petroleum Operations including its funding program, plan of utilization of the Crude Oil and/or Natural Gas to be produced, method and process of the exploitation of the Crude Oil and/or Natural Gas, the estimated amount of GOI’s revenues resulting from such development and the plan in utilizing Indonesian national manpower and domestic goods and services. The POD for the development of Crude Oil and/or Natural Gas discovery in the subsequent field(s) shall be submitted to SKK MIGAS for SKK MIGAS approval, based on consideration of all pertinent operating and financial data made available by CONTRACTOR.
PLAN OF DEVELOPMENT. AIDEA and IGU must have agreed upon and adopted a plan of development for the existing Titan Alaska LNG, LLC, LNG Plant designed to expand and improve that facility.
PLAN OF DEVELOPMENT. A. On the Commencement Date, Developers will commence preparation of the Project. The Parties will convene meetings as required to adopt a plan of action for the advancement of the Developed Products. The following items are considered strategic and fundamental:
PLAN OF DEVELOPMENT. To ensure the prompt development of an exploration area and reduce the risk of the leases terminating for a failure to timely develop, the participants may agree upon a plan of development. In some instances, the development plan may be as simple as setting forth the order in which planned xxxxx will be drilled. In participation agreements covering substantial amounts of acreage, the development plan may be much more complex. Separate development plans may be established for each separate prospect area within the exploration area. A development plan typically is limited to a certain period of time, say for example, one year, and sets forth the participants’ intentions regarding drilling to be conducted during that period. As reality may not always match the parties’ original expectations, the agreement should set out in some detail how the parties can modify the plan. In some instances, the development plan may require one party to meet certain milestones. For example, three xxxxx must be completed within the target zone on or before the first annual anniversary date of the participation agreement. A failure to meet the milestone may have consequences for the defaulting party. For example, if the party who is obligated to meet the milestones is acting as operator, a failure to meet the milestones may result in another party having the right to assume operations. Another example of a consequence for a failure to meet a milestone is that, if the defaulting participant’s interest is being carried by another participant, the amount of the carry is decreased. A failure to meet milestones may also give the parties the right to terminate the participation agreement if parties holding a majority of the participation interests vote for termination.
PLAN OF DEVELOPMENT. It is in the best interest of the community to maintain Xxxxxxx Forest Subdivision as a highly restricted community of quality homes. The Xxxxxxx Forest Architectural Review Committee ("ARC") shall evaluate the proposed improvements with emphasis upon their harmonious incorporation into the community as a whole and with specific emphasis on quality of workmanship and/or materials, external design, location of the improvement in relation to the surrounding structures and/or improvements, topography, and conformity to the covenants.
PLAN OF DEVELOPMENT. The Property shall be developed generally in accordance with the conceptual plan of development (the “Master Plan”) entitled “Master Plan for Xxxxxx’x Xxxxxxx 000-000 Xxxx Xxxx” dated July 15, 2020, prepared by AES Consulting Engineers. Any deviations from the Master Plan shall be allowed only in accordance with the provisions of the Zoning Ordinance.
