Seismic Sample Clauses
POPULAR SAMPLE Copied 2 times
Seismic. Burlington will conduct, at its sole risk and expense, a seismic program to acquire new seismic data as set forth in this Article 2 and identified in red on Exhibit "A" within the Gamma Ray Unitized Area. Burlington will acquire approximately 23 line miles of new seismic data as part of its Seismic Commitment within the Gamma Ray Unitized Area. Burlington will pay for all costs and will own the data. Burlington will attempt to permit, shoot and acquire such seismic data no later than November 15, 2001. Burlington shall complete the, processing and interpretation of the acquired seismic data by February 1, 2002. In the event Burlington is unable to permit, shoot and acquire the 2-D seismic data in its entirety by November 15, 2001 because of delays in permitting and winter range stipulations, Burlington will resume acquisition of the seismic data as soon as possible after April 30, 2002 and complete acquisition of the remaining data by June 15, 2002. Burlington shall complete the processing and interpretation of any seismic data acquired after April 30, 2002, if any, by August 30, 2002. Burlington will advise the Participants, in writing, of contemplated parameters prior to acquisition and processing of the data. Burlington will manage all phases of the seismic program and will present prints, Mylar and tapes of the final stack seismic sections and migrated versions; copies of all field data, including digital field reels, observers note, surveyors notes, and shot hole drill logs (if dynamite sourced to each of the Participants within 30 days after Burlington's receipt thereof. Upon fourteen (14) days written request Participant shall have the right to review and receive a copy of Burlington's current interpretation of the seismic results. All data provided under the Unitized Area shall include a complete image, whether stacked or migrated. The Participants' use of such data will be governed by the License Agreement attached hereto as Exhibit "B." The Participants agree that the information and data furnished hereunder shall not be disclosed, traded, transferred, sold, loaned or otherwise made available in any form to any third party, provided that:
(a) data may be made available by a Participants to contractors, consultants, and engineering firms hired by such Participants for the purpose of evaluation of the data for the Participant's internal use;
(b) data may be made available by a Participants in the Participant's offices to a third party evaluating th...
Seismic gravimetric and magnetometric interpretation report, together with all interpreted sections profiles and maps submitted in accordance with ECOPETROL standards for this type of information.
Seismic. 2.01 Reprocessing: ANEC represents and warrants that it possesses 3D Seismic which has been reprocessed using pre-stacked time and pre-stacked depth migration techniques with respect to an area encompassing approximately 23.138 square miles as shown by the red outline on Exhibit "A" hereto.
Seismic. DATA ------------
a. Licensed Data When licensing data for use in evaluation of the Prospects, ZEI shall endeavor to secure a joint license which would allow FX and ZEI to use the licensed data independently. However, if a joint license can be obtained only by the payment of an additional premium, ZEI shall license such data with only itself as the licensee.
b. Marketing of Proprietary Data ZEI will acquire proprietary seismic data in its prospect development program. Absent the agreement of both parties, such data shall not be marketed to third parties. FX shall own an interest in such seismic data equal to the FX Prospect Interest and ZEI the own the remaining interest in such data. Notwithstanding the ownership in the seismic data described above, if FX funds the entire seismic acquisition program contemplated hereunder, then until such time, if any, as proceeds from the sale or license of proprietary seismic data equal Seismic Funds advanced by FX, FX shall receive all proceeds from any license or sale of proprietary seismic data. After such proceeds equal the Seismic Funds advanced by FX, any further proceeds shall be shared equally by ZEI and FX.
Seismic. A seismic program has been acquired at an estimated cost of $150,000 which will form part of the AFE raised for the drilling of the test well and Farmee will be responsible for its proportionate share of the actual costs.
a) Upon completion of the drilling, testing and completing of the Test Well and further provided the Farmee is not in default with respect to Clause 3, 4 or 5 hereof or the Farmout & Royalty Procedure, the Farmee will have earned an interest in the Farmout Lands from surface to the depth drilled by the Test Well such that the interests of the parties will be as follows: Micron 5% 3% 3% Premium et al 95% 97% 97% * Assuming that Payout occurs and Premium elects to convert its royalty to a working interest.
b) Farmor herein reserves a Gross Overriding Royalty Interest as provided in Articles 5.00 and 6.00 of the Farmout and Royalty Procedure. (1/23.8365 – 5% to 15% on Oil and 15% on Natural Gas) based on 5% of production Farmor shall have the right to elect within 30 days of notification of payout to convert the Overriding Royalty to the working interest as provided in the table above.
Seismic. Seller shall, and shall cause F▇▇▇▇ Administrative to, cooperate with any reasonable requests of Purchaser (and, after the Closing, the Company) in connection with Purchaser’s (or, after the Closing, the Company’s) obtaining one or more licenses to seismic data currently licensed by F▇▇▇▇ Administrative and relating to the Company Oil and Gas Properties; provided, that this Section 6.28 shall not require Seller or F▇▇▇▇ Administrative to incur any out of pocket fees or expenses or breach the terms of any contract relating to seismic data.
Seismic. All Base Stations will be BELLCORE Zone 4 Compliant per TR-NWT-000063. This specification applies to the Cabinet or Frame structure. Optional bracing may be required in Zone 4 areas to provide support of the Cabinet or Frame for indoor applications.
Seismic. Buyer shall, within one calendar year from the Effective Date, at its sole cost, risk and expense conduct or cause to be conducted a 3D seismic survey over:
(a) the Subject Property ; and
(b) any other lands within the AMI which the Parties jointly agree upon, and shall further conduct (or cause to be conducted) and pay for all processing, analysis, and interpretation of the 3D seismic data acquired as a result of such seismic survey which is reasonably necessary to render such data capable of being used by and useful to the Parties to determine the viability of future drilling operations on the Subject Property or AMI lands. Buyer shall provide Seller with access to the results of the seismic program, including all analysis and interpretation thereof, provided that Seller shall maintain in confidence the seismic information in accordance with the Operating Procedure, and provide proof of the same to Seller and share the information as set forth above.
Seismic. Network on Long Island, New York: as follows:
Seismic. Lessor reserves the right to grant non-exclusive seismic permits and/or geophysical permits to third parties so long as the exercise of such rights does not unreasonably interfere with the rights of ▇▇▇▇▇▇.