Reserved Formations definition

Reserved Formations means any rights held by a Party that are not included in the Pooled Lands, but that coincide by surface area with all or a portion of the Pooled Lands.
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Reserved Formations means any rights not included in the Royalty Lands that are held under the Title Documents.
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Examples of Reserved Formations in a sentence

  • Notwithstanding any other provision contained in this Agreement, each Party shall have the right to drill a well to explore and develop any of its Reserved Formations and to produce or otherwise carry on other operations with respect to its Reserved Formations.

  • The provisions of the preceding Clause shall apply, mutatis mutandis, to the Parties’ Operations, activities and obligations with respect to the Pooled Lands relative to the Reserved Formations.

  • That Party shall conduct any other such operations with respect to the Reserved Formations in a manner that shall not interfere with Operations on the Pooled Lands.

  • The provisions of the preceding Clause will apply, mutatis mutandis, to the Parties’ Operations, activities and obligations with respect to the Pooled Lands relative to the Reserved Formations.

  • That Party will conduct any other such operations with respect to the Reserved Formations in a manner that will not interfere with Operations on the Pooled Lands.

  • The provisions of the preceding Clause shall apply, mutatis mutandis, to the Parties’ Operations, activities and obligations with respect to the Joint Lands relative to the Reserved Formations.

  • That Party shall conduct any other such operations with respect to the Reserved Formations in a manner that will not interfere with Operations on the Pooled Lands.

  • That Party shall conduct any other such operations with respect to the Reserved Formations in a manner that shall not interfere with Operations on the Joint Lands.

  • In Reserved Formations Each Party will have the right to drill a well to explore and develop any of its Reserved Formations and to produce or otherwise carry on other operations with respect to its Reserved Formations.

  • Each Party will have the right to drill a well to explore and develop any of its Reserved Formations and to produce or otherwise carry on other operations with respect to its Reserved Formations.