TTEP definition
Examples of TTEP in a sentence
TTEP may assign its 100% (One Hundred Percent) working interest in the particular spacing unit at any time, subject to protection of the Backin Interest, and subject to the limitations upon assignment set forth in the particular Leases.
Alamo Operating shall communicate its proposed ▇▇▇▇ling procedures and techniques for the Initial Well to TTEP in advance and TTEP shall have the right to alter such procedures and techniques as it deems necessary to maximize the likelihood of drilling success.
Subject to the conditions set forth herein, Davidson and Trust shall assign to TTEP a 70% (Seventy Percent) working interest (the "TTEP Initial Well Interest") in and to the Railroad Commission spacing unit ("Spacing Unit") surrounding the initial well (the "Initial Well") to be drilled on the Leases.
The obligations of TTEP hereunder are conditioned on the satisfaction of the following conditions on or prior to January 18, 2006.
TTEP agrees to provide to Davidson and the Trust the well logs and other such drilling information as to the Selected Wells and Davidson Energy Partners, LP March ▇▇, ▇006 Page 3 subsequent wells on the Leases as Davidson and the Trust shall ▇▇quest at the same time as TTEP receives such information and documentation.
TTEP may, at its election and at its sole risk, maintain a drilling representative on the derrick floor or the Lease to monitor operations and to make electio▇▇, ▇▇ appropriate.
TTEP agrees to provide Davidson and Trust with access to the Selected Wells and to sibsequent well locations on the Lea▇▇▇, as is reasonably requested by Davidson and Trust.
Davidson, Trust and TTEP hereby agree that there are no verbal agreements between them and that all future actions modifications or changes will be made only in accordance with the terms of the JOA and the Farmout Agreement.
No modification herein or waiver of any right or obligation shall impose any requirement on Davidson, Trust or TTEP except as expressly stated herein.
Davidson and Trust agree to provide TTEP with access to such Second Well location, as is reasonably requested by TTEP.