Common use of Wells Clause in Contracts

Wells. All oil, condensate ▇▇ natural gas wells, water source wells, ▇▇▇ water and other t▇▇▇▇ of injection wells, either located on th▇ ▇▇▇ and Gas Properties or held for use in connection with the Oil and Gas Properties under a Surface Contract (as hereinafter defined), whether producing, operating, shut-in or temporarily abandoned, but excluding all permanently abandoned wells and all wells that, p▇▇▇▇ to the Ef▇▇▇▇▇ve Time, must be plugged and abandoned in accordance with the rules or regulations of any regulatory authority (the "Wells").

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Pease Oil & Gas Co /Co/), Purchase and Sale Agreement (Pease Oil & Gas Co /Co/)