Wellbores definition
Examples of Wellbores in a sentence
No Wellbores are subject to a revision or other adjustment at some level of cost recovery or payout other than as expressly set forth on Exhibit A.
All of Seller’s interest in all casing pipe, downhole equipment and any additional equipment, fixtures or physical facilities attached to or a part of the Wellbores (“Equipment”).
The Applicable EXCO Operator shall retain and maintain all division of interest and revenue decks, and all well, lease, and contract files with respect to the Wellbores operated by such Applicable EXCO Operator.
Buyer shall cooperate with Seller in Seller’s efforts to obtain all consents and approvals to the conveyance of the Wellbores and, in connection therewith, Buyer shall furnish such information as reasonably requested by any lessors under any mineral lease to which any Wellbore is subject (provided Buyer’s obligation to cooperate shall not include any obligation to make any payment of any amount to any person).
For so long as Pioneer USA continues as operator of the Wellbores, Pioneer USA, shall retain custody of the Asset Records.
If Seller takes any action in violation of this Section 7.04(a), Buyer shall be entitled to 85% of Seller’s interest in any Hydrocarbons produced from such Excluded Wellbores and to enforce any other rights or remedies available to Buyer at law or in equity, and (b) Seller shall execute any such assignments or other documents or take any such other action as Buyer may request in order to evidence Buyer’s rights to such Hydrocarbons.
For avoidance of doubt, no Applicable Partnership Party will be required to pay any ▇▇▇▇▇ overhead charges to any Applicable EXCO Operator with respect to any Contract Wellbores or Contract Properties as such overhead charges that might have been otherwise payable to the Applicable EXCO Operator under a Third Party Operating Agreement are included in the Administrative Services Fee.
Assignor herein expressly excepts, reserves and retains all of its remaining right, title and interest in and to and lands expressed on Exhibits A-1 and A-2 not associated with the Wellbore Rights, as well as all equipment and facilities not associated with 1H and 2H Wellbores.
Seller is not a non-consenting party under any applicable operating agreement with respect to any operation relating to the Wellbores.
Section 6.04 The Applicable EXCO Operator shall have the right to take over the Applicable Partnership Party's interest in all Wellbores to be permanently plugged and abandoned by the Applicable Partnership Party for the Applicable EXCO Operator's exclusive use.