PRESCO definition

PRESCO covering all of Amoco's right title and interest, below the base of the ▇▇▇▇▇▇▇ formation in And to lands in Stanton, Morton, Grant, Stevens, Kearny, Finney, Haskell, ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ Counties, Kansas. FRESCO is hereby granted the right to farmout and/or lease the oil, gas and mineral rights owned by Amoco of record in said counties, to third parties subject to the terms and conditions of that certain Farmout Contract dated November 14, 1997, Very truly yours, ▇▇▇▇ ▇. ▇▇▇▇▇▇ Attorney-in-Fact Attached to and made a part of that certain Farmout Contract dated November 14, 1997, by and between Amoco Production Company and PRESCO, Inc. In the event the Parties have a dispute pertaining to any matter set forth in this Contract, or with respect to the interpretation of this Contract, the Parties agree that as a precondition to either Party being able to institute any judicial or administrative proceeding with respect to any such dispute, the Parties will attempt to resolve the dispute by the following dispute resolution procedure or a modified procedure agreed to by both parties in a particular instance:
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PRESCO means Presco, Inc.
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Examples of PRESCO in a sentence

  • Amoco, has agreed to farmout to PRESCO and PRESCO has agreed to accept from Amoco, its successors and assigns, the hereinafter specified interests in the Lease Acreage, Insofar and only insofar as to the depths described herein above, with the right: to ingress and egress upon the Lease Acreage expressly provided to the Parties, and subject to the reservations, terms, covenants and conditions hereinafter set forth.

  • Any additional title examination and curative work shall be conducted by PRESCO at PRESCO'S sole cost, risk and expense.

  • COUNTY OF DENVER ) The foregoing instrument was acknowledged before me this day of , 1997 by , of PRESCO, INC.

  • Lessor represents and warrants that it has not utilized or contacted a real estate broker or finder with respect to this Lease other than PRESCO and Lessor agrees to indemnify and hold Lessee harmless against any claim, cost, liability or cause of action asserted by any broker or finder claiming through Lessor.

  • Lessor shall at its sole cost and expense pay the brokerage commission previously agreed upon to PRESCO in connection with this transaction.

  • Lessor and Lessee represent that they have not utilized or contacted a real estate broker or finder with respect to this Lease other than PRESCO and Lessee agrees to indemnify and hold Lessor harmless against any claim, cost, liability or cause of action asserted by any broker or finder claiming through Lessee other than PRESCO.

  • Notary Public My Commission expires: Attached to and made a part of that certain Farmout Contract dated November 14, 1997 by and between Amoco Production Company and PRESCO, Inc.