SUBSEQUENT DRILLING OPERATIONS. After full execution of this Agreement and prior to delivery of possession of the Interests to Purchaser under the applicable provisions of this Agreement, Seller shall not, without Purchaser's prior written consent, propose or conduct any operation for the drilling, testing, completing, reworking, re-completing, sidetracking, deepening, plugging back or plugging and abandoning a well with respect to the Interests (a "Drilling Operation") under the terms of any operating agreement or other contract (except repairs or operations made necessary by emergency conditions, after which Seller shall promptly give Purchaser notice with full details of the work done and the costs thereof). If any present party (other than Seller) to an operating agreement or compulsory pooling order proposes a Drilling Operation prior to such delivery of possession of the Interests involving an expenditure of more than $10,000.00, Seller shall promptly notify Purchaser of such proposal and will promptly provide Purchaser with all information, data or other material in Seller's possession that may be relevant to a decision whether or not to participate in such Drilling Operation. Seller shall accept or reject participation in the proposed Drilling Operation based upon Purchaser's election with respect thereto given in writing by Purchaser to Seller within the period allowed in such proposal. Failure by Purchaser to make an election within such period shall be deemed an election by Purchaser not to participate. Any election by Purchaser hereunder, regardless of whether actually made or deemed to be made, shall not result in any adjustment in the amount allocated to the property affected thereby; however, all costs and expenses on account of Purchaser's decision to participate in any such Drilling Operation where Seller has elected not to participate shall be borne by Purchaser, notwithstanding any termination of this Agreement or anything else herein to the contrary.
SUBSEQUENT DRILLING OPERATIONS. Standard shall have the right to submit proposals for all future drilling operations with respect to the Leases. Provided that Standard’s proposal includes financial terms no less favorable than those offered by reputable third parties using comparable equipment and crews, and provided that Xxxxxxx is satisfied with the quality and efficiency of Standard’s equipment and crews, in its sole discretion, Xxxxxxx shall retain Standard to conduct such drilling operations.
