{"component": "definition", "props": {"groups": [{"snippet": "means 17,370 feet measured depth, 15,100 feet true vertical depth, or to a depth sufficient to test the 12,800\u2019 sands and the 14,800\u2019 sands, whichever is the shallower.", "samples": [{"hash": "ilztLc2ojlV", "uri": "/contracts/ilztLc2ojlV#objective-depth", "label": "Participation Agreement", "score": 31.340862423, "published": true}, {"hash": "h7hoi3ehSAM", "uri": "/contracts/h7hoi3ehSAM#objective-depth", "label": "Participation Agreement (Ridgewood Energy O Fund LLC)", "score": 21.0, "published": true}, {"hash": "9KPBhGez6nF", "uri": "/contracts/9KPBhGez6nF#objective-depth", "label": "Participation Agreement (Ridgewood Energy Y Fund LLC)", "score": 21.0, "published": true}], "size": 5, "snippet_links": [{"key": "measured-depth", "type": "definition", "offset": [18, 32]}, {"key": "true-vertical-depth", "type": "definition", "offset": [46, 65]}], "hash": "f332d5d6ce4f0cdb9a809305722d22dc", "id": 1}, {"snippet": "means a depth sufficient to test the lesser of the Objective Horizon or the specific footage depth stated in the AFE and approved by the Participating Parties.", "samples": [{"hash": "a0OOTvWg7NJ", "uri": "/contracts/a0OOTvWg7NJ#objective-depth", "label": "Participation Agreement (Gulfslope Energy, Inc.)", "score": 29.0301163587, "published": true}, {"hash": "7APqAySxiIo", "uri": "/contracts/7APqAySxiIo#objective-depth", "label": "Participation Agreement (Texas South Energy, Inc.)", "score": 29.0301163587, "published": true}, {"hash": "5Tm0MKPv8kM", "uri": "https://ir.gulfslope.com/all-sec-filings/content/0001580695-18-000034/0001580695-18-000034.pdf", "label": "ir.gulfslope.com", "score": 9.0150581793, "published": false}], "size": 3, "snippet_links": [{"key": "lesser-of", "type": "definition", "offset": [37, 46]}, {"key": "objective-horizon", "type": "clause", "offset": [51, 68]}, {"key": "approved-by", "type": "definition", "offset": [121, 132]}, {"key": "participating-parties", "type": "definition", "offset": [137, 158]}], "hash": "73cc842a255d8c227c3787cb791ba998", "id": 2}, {"snippet": "means a true vertical depth of at least 14,900 feet true vertical depth (15,706\u2019 measured depth), or to a depth sufficient to test the Lentic 1 section, as defined hereinafter, whichever is deeper. For the purposes of this Agreement, the Lentic 1 section shall be deemed drilled to a sufficient depth when the IEW has been drilled to a depth sufficient to evaluate the seismic trough amplitude event observed at 4.250 seconds on Inline 1777 and Crossline 2071 of the TGS Diamond 3-D Seismic Survey. Such Lentic 1 section is also identified as the stratigraphic equivalent of the Lentic 1 section found in the Conoco OCS_G 5093 #1 well located in Green Canyon Block 142 at the interval from 14190\u2019 to 14830\u2019 true vertical depth.", "samples": [{"hash": "aDyeYkPpyuf", "uri": "/contracts/aDyeYkPpyuf#objective-depth", "label": "Participation Agreement (Ridgewood Energy W Fund LLC)", "score": 21.0, "published": true}, {"hash": "9umatO5xZC6", "uri": "/contracts/9umatO5xZC6#objective-depth", "label": "Participation Agreement (Ridgewood Energy v Fund LLC)", "score": 21.0, "published": true}, {"hash": "2cys1SO4QBS", "uri": "/contracts/2cys1SO4QBS#objective-depth", "label": "Participation Agreement (Ridgewood Energy O Fund LLC)", "score": 21.0, "published": true}], "size": 3, "snippet_links": [{"key": "true-vertical-depth", "type": "definition", "offset": [8, 27]}, {"key": "measured-depth", "type": "definition", "offset": [81, 95]}, {"key": "for-the-purposes-of-this-agreement", "type": "clause", "offset": [198, 232]}, {"key": "located-in", "type": "definition", "offset": [635, 645]}, {"key": "green-canyon", "type": "definition", "offset": [646, 658]}], "hash": "a062184692d2633949c8daa802e0d829", "id": 3}, {"snippet": "means the projected total depth of the well as defined in the drilling proposal of the party or parties proposing the drilling of such well.", "samples": [{"hash": "d8zYly9Mpfa", "uri": "/contracts/d8zYly9Mpfa#objective-depth", "label": "Exploration Agreement (Gasco Energy Inc)", "score": 18.0, "published": true}, {"hash": "4nZzuAcBYXk", "uri": "/contracts/4nZzuAcBYXk#objective-depth", "label": "Gamma Ray Exploration Agreement (Gasco Energy Inc)", "score": 18.0, "published": true}, {"hash": "2nWOtFw0Fv", "uri": "/contracts/2nWOtFw0Fv#objective-depth", "label": "Cd Exploration Agreement (Gasco Energy Inc)", "score": 18.0, "published": true}], "size": 3, "snippet_links": [{"key": "party-or-parties", "type": "definition", "offset": [87, 103]}], "hash": "c197034deeece599b2ab56e8194fb51e", "id": 4}, {"snippet": "means a depth adequate to test the Ellenburger formation anticipated to be encountered at the 8,400\u2019 foot depth, \u2587\u2587\u2587\u2587\u2587\u2587 formation anticipated at the 7,700-7,900\u2019foot depth, and the Wolfcamp formation anticipated to be encountered at approximately the 6,200\u2019 foot depth.", "samples": [{"hash": "9QqipxeptGO", "uri": "/contracts/9QqipxeptGO#objective-depth", "label": "Participation Agreement (Mondial Ventures, Inc.)", "score": 25.2518822724, "published": true}, {"hash": "gyzPMTamHbw", "uri": "/contracts/gyzPMTamHbw#objective-depth", "label": "Asset Purchase Agreement (Mondial Ventures, Inc.)", "score": 25.1013004791, "published": true}], "size": 3, "snippet_links": [], "hash": "48203829250d00982c77c4ae55b32026", "id": 5}, {"snippet": "means the total depth of an Initial Test Well or Substitute Well(s) as specified the formal drilling AFE for such well for each Prospect as shown on Exhibits \"A\" and \"B\".", "samples": [{"hash": "kSfl1e0gA5N", "uri": "/contracts/kSfl1e0gA5N#objective-depth", "label": "Exploration Participation Agreement (Ridgewood Energy P Fund LLC)", "score": 18.0, "published": true}, {"hash": "g2hYvFCt4hw", "uri": "/contracts/g2hYvFCt4hw#objective-depth", "label": "Exploration Participation Agreement (Ridgewood Energy U Fund LLC)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-total", "type": "clause", "offset": [6, 15]}, {"key": "initial-test-well", "type": "definition", "offset": [28, 45]}, {"key": "as-specified", "type": "clause", "offset": [68, 80]}, {"key": "the-formal", "type": "clause", "offset": [81, 91]}, {"key": "as-shown", "type": "definition", "offset": [137, 145]}], "hash": "2a09d71bbb5bd14a15d92a9992336f51", "id": 6}, {"snippet": "means a depth adequate to test the Upper Clearfork & Lower Clearfork formations, anticipated to be encountered at a depth of approximately 4400\u2019 feet, but in no event a depth greater than 5100 feet.", "samples": [{"hash": "iwhZLbpCCAr", "uri": "/contracts/iwhZLbpCCAr#objective-depth", "label": "Participation Agreement (Egpi Firecreek, Inc.)", "score": 21.0, "published": true}], "size": 2, "snippet_links": [{"key": "in-no-event", "type": "clause", "offset": [155, 166]}], "hash": "a186a4db2acaf2933361d4c9efcfe65b", "id": 7}, {"snippet": "means the total depth of an Initial Test Well or Substitute Well(s) as specified in the AFE for such well as proposed in accordance with the provisions of this Agreement and as shown on Exhibits \"A\" and \"B.\"", "samples": [{"hash": "g8gtaHgTvHc", "uri": "/contracts/g8gtaHgTvHc#objective-depth", "label": "Exploration Participation Agreement (Ridgewood Energy Q Fund LLC)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-total", "type": "clause", "offset": [6, 15]}, {"key": "initial-test-well", "type": "definition", "offset": [28, 45]}, {"key": "as-specified", "type": "clause", "offset": [68, 80]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [118, 169]}, {"key": "as-shown", "type": "definition", "offset": [174, 182]}], "hash": "f69d920a527049d279d5d868c33aa5a5", "id": 8}, {"snippet": "means, for any well, the shallower of the total footage to be drilled (as measured in true vertical depth) or the penetration by the drill bit of a depth sufficient to test to the stratigraphic equivalent of the base of the deepest target formation or interval. Said depth, formation or interval (together with a bottomhole location) shall be set forth in the proposed Well Plan and AFE.", "samples": [{"hash": "a8AxjdJwlLf", "uri": "/contracts/a8AxjdJwlLf#objective-depth", "label": "Operating Agreement (Reading & Bates Corp)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-total", "type": "clause", "offset": [38, 47]}, {"key": "true-vertical-depth", "type": "definition", "offset": [86, 105]}, {"key": "target-formation", "type": "clause", "offset": [232, 248]}, {"key": "the-proposed", "type": "clause", "offset": [356, 368]}, {"key": "well-plan", "type": "definition", "offset": [369, 378]}], "hash": "5433e2852f958546766bd92480ba4790", "id": 9}, {"snippet": "means, for each Development Well, the minimum depth of (i) the total footage to be drilled or (ii) the penetration by the drill bit of a depth sufficient to test the deepest target formation or interval at the", "samples": [{"hash": "5n52DxNYddp", "uri": 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<strong>Objective Depth</strong> to which the well was previously drilled.", "The directional control and intentional deviation of a well to change the bottom-hole location, whether it be to the original <strong>Objective Depth</strong> or formation or another bottom-hole location not deeper than the stratigraphic equivalent of the initial <strong>Objective Depth</strong>, unless the intentional deviation is done to straighten the hole or to drill around junk in the hole or to overcome other mechanical difficulties.", "Notwithstanding the foregoing, the election periods in Articles 10.2 (Exploratory Operations at <strong>Objective Depth</strong>), 11.2 (Appraisal Operations at <strong>Objective Depth</strong>), and 13.2 (Development Operations at <strong>Objective Depth</strong>) shall govern in the event of a conflict.", "Casing Point shall be defined as that point in time when the ITW (or Substitute Well therefor) has reached its <strong>Objective Depth</strong> and all open hole logs and tests have been conducted in accordance with the Approved AFE.", "Upon each Well having reached <strong>Objective Depth</strong> and formation entry, Operator shall notify each Participant of its election to test and to complete each Prospect/Re Entry Well to bring on full production, or of Operator\u2019s election to plug and abandon any Prospect Well.", "A proposal to conduct Development Operations in a Producible Reservoir requires the unanimous agreement of the Parties, unless the proposing Party designates the Producible Reservoir as an <strong>Objective Depth</strong> or completion zone in the proposal.", "Subject to Article 2.2.1(i), RIDGEWOOD shall reconvey to NEWFIELD all of its undivided fifteen percent (15%) record title interest in and to the Leases, using a form of assignment similar to the Assignment (the \u201cReassignment\u201d), in the event the ITW fails to reach <strong>Objective Depth</strong> and RIDGEWOOD\u2019s share of costs and expenses incurred in connection with the ITW has not reached the RIDGEWOOD Promote Cap, and a Substitute Well is not proposed within one (1) year from abandonment of the ITW on the Leases.", "If Article 8.3 (Second Opportunity to Participate) or Article 8.4 (Participation by Fewer Than All Parties), or both, apply to any Election in Article 10.2 (Exploratory Operations at <strong>Objective Depth</strong>), then the response period in those articles shall be twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) instead of forty-eight (48) hours (exclusive of Saturdays, Sundays, and federal holidays).", "If Article 8.3 (Second Opportunity to Participate) or Article 8.4 (Participation by Fewer Than All Parties), or both, apply to any Election in Article 11.2 (Appraisal Operations at <strong>Objective Depth</strong>), then the response period in those articles shall be twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) instead of forty-eight (48) hours (exclusive of Saturdays, Sundays, and federal holidays).", "If there is a conflict between the terms and conditions of this Agreement and the terms and conditions of the Operating Agreement prior to the earlier of: (a) reaching the <strong>Objective Depth</strong> in the ITW or (b) RIDGEWOOD\u2019s costs and expenses incurred in the ITW and any Substitute Well therefor reaching the Promote Cap, then the terms and conditions of this Agreement shall control."], "related": [["stratigraphic-test-well", "stratigraphic test well", "stratigraphic test well"], ["development-well", "Development Well", "Development Well"], ["service-well", "service well", "service well"], ["test-well", "Test Well", "Test Well"], ["attainment-area", "Attainment area", "Attainment area"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}