Examples of Test Xxxxx in a sentence
Should Farmee elect to acquire 3-D seismic on Lease Acreage within the Exploration Area, on its own, by, through or under a party other than Amoco, Farmee shall have the right to substitute the acquisition and processing of 3-D seismic for the drilling of up to a maximum number of three (3) Exploration Test Xxxxx per calendar year at a rate equal to four (4) 640 acre governmental sections of 3-D seismic acquired and processed on the Lease Acreage to one (1) Exploration Test Well.
Farmee shall be required to commence, or cause to be commenced, the actual drilling of not less than three (3)of the required ten (10) Exploration Test Xxxxx on the Lease Acreage within the first one hundred and eighty (180) days of the first day of each new calendar year, with the actual drilling of the remaining seven (7) xxxxx to be commenced, or caused to be commenced within the remaining one hundred and eighty five (185) days of the year.
Add Monitoring Test Xxxxx throughout the project for water monitoring provided to the trees.
All xxxxx drilled, or caused to be drilled on Lease Acreage by Farmee, considered Exploration Test Xxxxx or otherwise shall be required to be completed as a test well capable of the commercial production of oil and/or gas, taken over by Amoco, as provided for in Article Eleven (11) below, or plugged and abandoned as a dryhole within sixty (60) days of drilling rig release.
Notwithstanding Schedule “C” hereof, and in addition to any charges permitted thereunder, Farmor shall be entitled to charge an administrative fee of 10% on the monthly costs of operating the Test Xxxxx which fee shall not exceed $100 in any one month.
Farmee shall at no cost, risk or expense to Amoco, drill or cause to be drilled a minimum of ten (10) Exploration Test Xxxxx located on the Lease Acreage, or within a pooled or unitized area or unit containing Lease Acreage within the Exploration Area, for each calendar year this Contract is in effect, beginning with the 1998 calendar year.
Should the number of Exploration Test Xxxxx drilled or caused to be drilled, or replaced by the acquisition of 3-D seismic as provided below, by Farmee in any calendar year, be in excess of the ten (l0) required Exploration Test Xxxxx, Farmee's obligation in the subsequent calendar year to "drill or cause to be drilled ten (10) Exploration Test Xxxxx, shall be reduced by said number of xxxxx up to a maximum number of four (4).
The provisions of Exhibit "C", attached hereto and incorporated herein, shall apply to the drilling of all Test Xxxxx drilled on the Contract Acreage or within a spaced, unitized, or pooled area which contains the Contract Acreage or any portion thereof.
Farmee shall be required to drill, or cause to be drilled, a minimum of two (2) of the ten (10) Exploration Test Xxxxx on Lease Acreage located in Xxxxxxx., Grant, Stevens, Morton, Xxxxxxxx or Kearny Counties, Kansas, which for purposes of this Contract are outlined in magenta on the attached Exhibit "A".
In no instance shall Farmee's obligation to drill, or cause to be drilled a minimum number of two (2) Exploration Test Xxxxx per year on the West Side, or acreage pooled therewith, be reduced.