Common use of Prudent Operator Standard Clause in Contracts

Prudent Operator Standard. To the extent Operating Partnership controls such matters, Operating Partnership agrees that it will conduct and carry on or cause to be conducted and carried on the development, maintenance and operation of the Leases with reasonable and prudent business judgment and in accordance with sound oil and gas field practices, and that it will drill or cause to be drilled such ▇▇▇▇▇ as a prudent operator would drill from time to time in order to develop the Overriding Royalty Depth and the Overriding Royalty Surface Acreage and to protect them from drainage. However, nothing contained in this Section 8.01 shall be deemed to prevent or restrict Operating Partnership from electing not to participate in any operation which is to be conducted under the terms of any operating agreement, unit operating agreement, contract for development or similar instrument affecting or pertaining to the Leases (or any portion thereof) and allowing consenting parties to conduct nonconsent operations thereon, if such election is made by Operating Partnership in good faith and in conformity with sound field practices, unless the operator under such operating agreement, unit operating agreement, contract for development or similar instrument is an Affiliate of Operating Partnership.