Common use of PLAN OF DEVELOPMENT Clause in Contracts

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.

Appears in 21 contracts

Samples: Lease, Lease, Lease

AutoNDA by SimpleDocs

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 two copies of 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.

Appears in 13 contracts

Samples: Lease, Lease, Lease

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.