Definition of Plug and Abandon

  1. Plug and Abandon means all steps necessary or appropriate to plugging and abandonment obligations that are required by law, contract or reasonably prudent oil field practice, including all surface and subsurface restoration (including any re-vegetation), the removal and disposal of all facilities and materials, the capping of wells, burying of all flow lines, complying with all applicable bonding requirements and filing all reports and notices. "Plugged and Abandoned," "Plugging and Abandoning" and other derivatives of the phrase "Plug and Abandon" shall be construed accordingly.

Examples of Plug and Abandon in a sentence

  1. Except as set forth on Schedule 4.19, to Sellers Knowledge, (a) all of the Wells have been drilled and completed within the boundaries of the applicable Leases or within the limits otherwise permitted by applicable Law; and (b) there are no Wells that the Seller is obligated by applicable Law or Contract to immediately Plug and Abandon that are temporarily abandoned or suspended that have not been Plugged and Abandoned in accordance with applicable Law.

Definition of Plug and Abandon in Agreement

Plug and Abandon means all steps necessary or appropriate to plugging and abandonment obligations that are required by law, contract or reasonably prudent oil field practice, including all surface and subsurface restoration (including any re-vegetation), the removal and disposal of all facilities and materials, the capping of wells, burying of all flow lines, complying with all applicable bonding requirements and filing all reports and notices. "Plugged and Abandoned," "Plugging and Abandoning" and other derivatives of the phrase "Plug and Abandon" shall be construed accordingly.