Test Well Sample Clauses

Test Well. 3.1 On or before March 31, 2009 or a date mutually agreed to by the parties and subject to Force Majeure (as such term is defined hereafter), Newfield will commence, or cause to be commenced, drilling operations on (a) [REDACTED (“Redacted Test Well”), (b) [REDACTED (“Redacted Test Well”), and (c) [REDACTED] (“Redacted Test Well”) (the Redacted Test Well, the Redacted Test Well, and the Redacted Test Well are sometimes individually referred to as the “Test Well”) or collectively referred to as the “Test Xxxxx”). Each Test Well shall be drilled to the total depth listed in the Authority for Expenditure (“AFE”) for such Test Well, or a depth sufficient to test the stratigraphic equivalent of the formation listed in AFE for such Test Well, whichever is lesser (“Objective Depth”).
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Test Well. Farmees shall commence or caused to be commenced, on or before forty-five (45) days from the Effective Date, or, in the event a suitable rig is under contract but cannot commence drilling until after the expiration of such 45 day period, as soon as commercially practicable thereafter (but in no event longer than 90 days) (the “Commencement Date”), actual drilling operations on a well (the “Test Well”) in search of oil and/or gas at any legal location on the Subject Interests/at the location specified on Exhibit A hereto. Thereafter, Farmees shall continue to drill the Test Well with due diligence and in a good and workmanlike manner to a depth sufficient to penetrate and test in a horizontal wellbore the Woodbine formation (the “Objective Depth”); provided that Farmees shall not be precluded from drilling deeper than the Objective Depth. When Farmees have completed drilling operations on the Test Well, Farmees agree that (i) if the Test Well can be completed as a well capable of producing in paying quantities, to be determined at Farmees’ sole discretion, Farmees shall diligently prosecute the completion of the Test Well without unreasonable delays, or (ii) if the Test Well cannot be completed as a well capable of producing in paying quantities, Farmees shall plug and abandon the Test Well in accordance with the terms of the Subject Leases and all applicable laws and regulations. If Farmees do not commence, or cause to be commenced, the actual drilling of the Test Well on or prior to the Commencement Date, Farmees’ right to earn the Assignment hereunder shall terminate and, except as otherwise expressly provided herein, neither Party shall have any further rights or obligations hereunder. As set forth in Section IV, hereinbelow, Richland shall be designated as “Operator” for operations conducted on the Subject Leases. Notwithstanding such designation, any Farmee shall be entitled to commence, or cause to be commenced, actual drilling operations on the Test Well if, in Farmee’s sole discretion based on good-faith belief, Richland is unable or will be unable to commence or cause to be commenced actual drilling operations on the Test Well before the Commencement Date.
Test Well. 3.1 Newfield will commence drilling operations for the [REDACTED] No. 1 Well (“Test Well”) on or before December 1, 2008. The Test Well is planned to be drilled in accordance with Newfield’s AFE No. 16964 attached hereto as Exhibit “B” (“AFE”). The Test Well will be drilled to an approximate depth of 17,254’ MD 17,000 TVD, or a depth sufficient to test the “Cib Op Sands”, whichever depth is shallower (“Contract Depth”).
Test Well a) As between the parties comprising Farmee, all operations with respect to the Test Well shall be subject to the provisions of the Operating Procedure as amended by the Head Agreement. Damascus shall be appointed initial Operator. If the Farmee elects to drill the Test Well pursuant to clause 4, it shall spud the Test Well at a mutually agreeable location on the Farmout Lands within 90 days of making such election and shall then diligently and continuously drill the Test Well to Contract Depth at its sole cost. In the event surface access to the drill site cannot be reasonably obtained by the required date because of surface conditions, weather conditions, rig availability or regulatory approval, Farmee shall, before the required date, advise Farmor in writing, of the reasons why access cannot be obtained. Farmor shall, thereupon, grant an extension to the commencement date which shall be reasonable under the circumstances. If production of petroleum substances in paying quantities is indicated, Farmee shall equip the Test Well and thereafter use its best efforts to produce and dispose of the said substances.
Test Well. For the purposes of this Agreement, the Test Well shall be defined as the initial well drilled on the North Franklin Prospect under the terms of this Agreement. Operator shall notify each Participant of the projected spud date of the Test Well not more than thirty (30) days prior to that date. Each Participant shall, not later than ten (10) days following receipt of said notice, advance its Participation Share of one hundred percent (100%) of said Test Well’s estimated AFE drilling costs to Operator. Operator shall promptly commence and diligently continue with the actual drilling of the proposed Test Well after the receipt of all the Test Well’s drilling costs. In the event any Participant fails to so advance the drilling funds for the Test Well, Xxxxxx may, at its option, terminate this Agreement in its entirety as to that Participant by delivering to such Participant a written notice of termination. In the event this Agreement is so terminated, said Participant shall forfeit all funds previously paid to Xxxxxx and have no rights or obligations under this Agreement, except any obligations accruing prior to such termination.
Test Well. Farmee shall, on or before March 15, 2005, subject to surface access, regulatory approvals and rig availability, commence drilling a well (hereinafter referred to as the “Test Well”) at a location of its choice on the Farmout Lands and shall continuously and diligently drill the Test Well to Contract Depth and complete, cap or abandon same at its sole cost, risk and expense. Farmee shall conduct all operations hereunder in accordance with good oilfield practices and in strict compliance with the terms of the Title Documents, this Agreement and the Regulations.
Test Well. On or before April 30, 2008, El Paso, as "Operator", will commence, or cause to be commenced, drilling operations on the Test Well, the estimated cost of which is described in the Authorization for Expenditure ("AFE") attached as Exhibit "A" and thereafter continuously prosecute the drilling of the Test Well in a good and workmanlike manner to Casing Point. "Casing Point" shall mean that point in time when the well has reached its Objective Depth, or such other depth as may be mutually agreed by the Parties, and all logs, cores and other tests have been completed that in the opinion of the Operator are sufficient to make a determination concerning the running of production casing or the plugging and abandonment of the well, and the results thereof have been furnished to the Participants together with Operator's recommendation. The Test Well will be drilled as a vertical well from a surface location that is approximately 2,195 feet from the North line and 4,690 feet from the West line of South Marsh Island Area Block 213 to (i) 16,500 feet TVD (16,500 feet MD) xx (xi) a depth sufficient to test the Rob L section, as seen on the Array Induction-GR log of the McMoRan Xxxxx Marsh Island 217 #223 Well between the depths of 13,900' and 16,100' XX, whichever is the lesser depth (the "Objective Depth"). Participation Agreement (State Lease 19499)
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Test Well. 3.1 Farmee shall, at its sole cost, risk and expense, and subject to having obtained a rig, all necessary surface access and Regulatory approvals, Spud the Test Well at a location of its choice on the Farmout Lands on or before 150 days following the execution hereof and drill the Test Well to Contract Depth.
Test Well a) On or before January 31, 2005, or such later date as mutuaaly agreed by the parties, the Farmor shall spud and shall release the rig from one (1) Test Well on a location of its choice within the section of Farmout Lands (Section 6, Twp, 10, Rge. 13W4) in accordance with Article 3.00 of the Farmout and Royalty Procedure.
Test Well a) If Unigeo and GEOCAN elect to drill a Test Well they will spud the Test Well at a location of their choice on the Rostin Block and will then diligently and 6 Letter Agreement Page 6 ---------------- continuously, at their sole cost, risk and expense drill a well, log, test, and Complete or Abandon the same in accordance with the terms and conditions of this Agreement and the Czech Republic regulations.
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