Well Proposals Sample Clauses

Well Proposals. Except as provided in Article 9.3.3 (Proposal for Multiple Operations), each Party shall respond within thirty (30) days after receipt of the well, Rework or Recompletion proposal, but if (a) a drilling rig is on location, (b) the proposal relates to the same well or its substitute, and (c) standby charges are accumulating, a response shall be made within forty-eight (48) hours after receipt of the proposal, inclusive of Saturdays, Sundays, and federal holidays.
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Well Proposals. 7.1 Each Party shall have the right to propose xxxxx within the Program Area. The well proposal shall be communicated in writing, and shall contain at a minimum the following information:
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Well Proposals. (a) Any Party who desires to propose the drilling of a well in the Project Area shall submit such proposal in writing to the other Parties hereto, UNLESS such proposed well is already subject to the terms of an Operating Agreement (in which event, such Operating Agreement shall control), AND EXCLUDING, without limitation, those wxxxx anticipated at Article II herein. Each Party to whom such written proposal is delivered shall have thirty (30) days from receipt of the written proposal to notify the proposing Party as to whether it elects to participate; a Party’s failure to respond within such 30-day period shall be deemed an election not to participate. At such time as the Parties have elected to participate or not participate, as the case may be, in the proposed well, the participating Parties shall sign an Operating Agreement (with the proposed well being the “Initial Well”), all as anticipated pursuant to Section 5.1 above, and the terms of this Section 5.2(a) thereafter shall be superseded by such Operating Agreement. Notwithstanding the foregoing, the Parties agree that, should any Party hereto elect not to participate in the proposed well, such Party promptly shall relinquish and assign to the participating Party(ies) all of its right, title and interest in the 640-acre section in which such well is located, without creating or reserving any new burdens on production.
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Well Proposals. Purchaser acknowledges that Seller has elected to participate in the Xxxxxx XX 11-379 HN and Xxxxxx XX 11-380 XX xxxxx located in Section 11 of Township 1 South, Range 67 West proposed by Great Western Operating Company and that Seller has provided the well proposals to Purchaser. Purchaser agrees to assume all obligations related to such xxxxx.
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Well Proposals. If Farmee proposes a well on any Block on which Farmor has not elected to convert its interest to a carried interest, pursuant to Clause 8 hereof, and prior to the final date for election to so convert Farmor shall, notwithstanding the provisions of Clause 8 hereof, exercise its right to elect to convert its interest in the Block on which the well is proposed to be drilled to a thirty (30%) percent carried interest within thirty (30) days of the date of receipt of notice proposing the well. If Farmor fails to elect to so convert within the said thirty (30) day period, it will have no further right to elect on such Block and such Block shall continue to be subject to the Operating Agreement.
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Well Proposals. Except as otherwise provided for herein, on a Prospect Area by Prospect Area basis, no well may be proposed, except by the operator: a) during the pendency of another well proposal on that Prospect Area; or b) until at least 30 days after the previous well in the Prospect Area has been completed as either a producer of oil and/or gas or as a dry hole. Such restrictions shall not apply to the extent that the proposed operations are necessary, in good faith, to acquire, maintain or hold a lease, farmin or other Mineral Interest located within the AMI. Notwithstanding anything herein to the contrary, a non-operator shall have the right to make a well proposal during the periods outlined in a) or b) above, and said proposal shall be deemed submitted for purposes of response on the first day after the expiration of such period. In the event of competing well proposals, the parties agree to meet for a technical review of each proposal and determine, in good faith, which proposal to proceed under. For purposes of this paragraph, all acreage within the AMI that is not within one of the designated Prospect Areas, shall constitute one Prospect Area, the result being that for purposes of well proposals hereunder, without the consent of all parties, one well, and no more than one well may be proposed at a time in each of: a) the Xxxxx Ranch Area; b) the Hill Ranch/Bonnerville/Xxxx Prairie Area; c) the Simsboro Area; d) the Red Oak Area; and e) the balance of the area within the AMI. Notwithstanding the above, in no event shall a party, other than the designated operator under the applicable JOA, propose more than three xxxxx on three Prospect Areas at any given time. Furthermore, no xxxxx may be proposed within 1200 feet of any currently existing producing well(s) in which either party has an interest without the prior consent of such party.
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Well Proposals. Until such time as Participant has expended the entire Carry Amount pursuant to Section 4.3, except as provided in Sections
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Well Proposals. SELLER has received a well proposal from Zavanna, LLC for the drilling of the Bxxxxx 24-13 #1H well and has elected to participate in such well in writing, properly and timely delivered to Zavanna, LLC. BUYER acknowledges notice of such proposed well and agrees to assume SELLER’s position under such election to participate. SELLER agrees to notify BUYER immediately upon receipt of any additional well proposals covering the Leases and Lands which may be delivered to SELLER prior to recording of the Assignment(s) contemplated hereunder. BUYER will be responsible for notifying the proposing party of BUYER’s election as to such well proposals.
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Well Proposals. Except as provided in Article 9.3.3 (Proposal for Multiple Operations), each Party shall respond within __________ (___) days after receipt of the well, Rework or Recompletion proposal, but if (a) a drilling rig is on location, (b) the proposal relates to the same well or its substitute, and (c) standby charges are accumulating, a response shall be made within __________ (___) hours after receipt of the proposal, [ ] inclusive [ ] exclusive of Saturdays, Sundays, and federal holidays. Proposal for Multiple Operations When a proposal is made to conduct multiple Development Operations at separate well locations using the same rig, each Party shall respond (a) to the well operation taking precedence, within __________ (___) days after receipt of the proposal; and (b) to each subsequent well location, within __________ (___) hours after completion of approved operations at the prior location and notification thereof by Operator.
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Related to Well Proposals

  • Acquisition Proposals (a) Notwithstanding anything to the contrary contained in this Agreement, during the period beginning on the date of this Agreement and continuing until 11:59 p.m. (New York time) on September 14, 2015 (the “Go-Shop Period End Date”, such period, the “Solicitation Period”), PRE and its Subsidiaries and their respective Representatives shall have the right to (i) initiate, solicit or encourage any inquiry or the making of any proposal or offer that constitutes an Acquisition Proposal (except that the reference to 15% in such term will be deemed changed to 50% for purposes of this ‎Section 6.08(a)), including by providing information (including non-public information and data) regarding, and affording access to the business, properties, assets, books, records and personnel of, PRE and its Subsidiaries to any Person pursuant to an Acceptable Confidentiality Agreement (it being understood that such Acceptable Confidentiality Agreement (A) must contain “standstill” or similar provisions or otherwise prohibit the making or amendment of any Acquisition Proposal not solicited by the PRE Board to the maximum extent permissible under applicable Law and (B) shall not include an obligation of PRE to reimburse such Person’s expenses); provided, that PRE shall make available to Parent (at substantially the same time) any non-public information concerning PRE or its Subsidiaries that is provided to any Person given such access that was not previously made available to the Parent, and (ii) engage in, enter into, continue or otherwise participate in any discussions or negotiations with any Persons or group of Persons with respect to any Acquisition Proposals and cooperate with or assist or participate in or facilitate any such inquiries, proposals, discussions or negotiations or any effort or attempt to make any Acquisition Proposal. PRE shall promptly (and in any event within 24 hours) notify Parent in writing of the identity of each Person or group of Persons from whom PRE receives an Acquisition Proposal during the Solicitation Period, the material terms and conditions of such Acquisition Proposal (including the financing sources, if applicable), and a copy of such Acquisition Proposal (including any agreements relating to such financing, if applicable).

  • Additional proposals If the Company at any time during the continuance of this Agreement desires to modify expand or otherwise vary its activities carried on pursuant to this Agreement beyond those specified in any approved proposal, it shall give notice of such desire to the Minister and within 2 months after giving such notice shall submit to the Minister detailed proposals in respect of such modifications expansions or variations and such other matters as the Minister may require. The provisions of clause 4 and 5 (including (for the avoidance of doubt) clause 5(9)) shall apply, the necessary changes being made, to proposals submitted pursuant to this clause.

  • Superior Proposal Section 5.4(b)........................................37

  • Technical Proposal The technical proposal may be presented in free format. It shall not exceed ten pages, not counting the CVs. It shall respect the following page limit and structure: • Technical methodology (max. 7 pages) • Quality management (max. 1 page) • Project management (max. 1 page) • Resource management (proposal (max. 1 page) + CVs of experts)

  • Acquisition Proposal “Acquisition Proposal” shall mean any offer or proposal (other than an offer or proposal made or submitted by Parent) contemplating or otherwise relating to any Acquisition Transaction.

  • Alternative Proposals Unless otherwise specified in the Data Sheet (DS nos. 5 and 6), alternative proposals shall not be considered. Where the conditions for its acceptance are met, or justifications are clearly established, UNDP reserves the right to award a contract based on an alternative proposal.

  • Proposal Proposal means any information supplied by or on behalf of the insured, deemed to be a completed proposal form and medical questionnaire and other relevant information that the insurer may require.

  • Proposals For Work Order contracts, the Contractor shall submit to System Agency separate proposals, including pricing and a project plan, for each Project.

  • BIDS/PROPOSALS INCORPORATED In addition to the whole Agreement, the following documents listed in order of priority are incorporated into the Agreement by reference: Bid/Proposal Specifications and Contractor’s Response to the Bid/Proposal.

  • Cost Proposal After the Approved Working Drawings are approved by Landlord and Tenant, and the Contractor and subcontractors have been selected pursuant to Section 4.1 above, Landlord shall provide Tenant with a cost proposal in accordance with the Approved Working Drawings setting forth the reconciled bids and copies of all sub-bids, which cost proposal shall include, as nearly as possible, the cost of all Tenant Improvement Allowance Items to be incurred in connection with the construction of the Tenant Improvements (the "COST PROPOSAL"). The Cost Proposal shall reflect bids that will be priced by Contractor on an individual item-by-item or trade-by-trade basis. Landlord and Tenant shall work together in good faith in an attempt to agree upon a mutually acceptable Cost Proposal as soon as reasonably possible. Notwithstanding the foregoing, portions of the cost of the Tenant Improvements may be delivered to Tenant as such portions of the Tenant Improvements are priced by Contractor (on an individual item-by-item or trade-by-trade basis), even before the Approved Working Drawings are completed (the "PARTIAL COST PROPOSAL") for purposes of facilitating the early purchase of items and construction of the same. Tenant shall approve and deliver the Cost Proposal to Landlord within seven (7) business days of the receipt of the same, or, as to a Partial Cost Proposal within five (5) business days of receipt of the same, and upon receipt of the same by Landlord, Landlord shall be released by Tenant to purchase the items set forth in the Cost Proposal or Partial Cost Proposal, as the case may be, and to commence the construction relating to such items. If Tenant disapproves the Cost Proposal or Partial Cost Proposal, Tenant shall provide Landlord with a reasonably sufficient explanation, and in such event, Landlord and Tenant shall use good faith, diligent efforts to work with each other and Contractor to address Tenant's reasons for disapproving the Cost Proposal or Partial Cost Proposal, whichever is the case and a new Cost Proposal (or Partial Cost Proposal, as applicable) shall be prepared and the process described in this Section 4.2 shall be repeated. The date by which Tenant must approve and deliver the Cost Proposal or the last Partial Cost Proposal to Landlord, as the case may be, shall be known hereafter as the "COST PROPOSAL DELIVERY DATE". The total of all Partial Cost Proposals, if any, shall be known as the Cost Proposal.

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