Common use of Area B Clause in Contracts

Area B. If (i) an expanded PA based on technical information has not been approved as provided in Paragraph 4.4.3 that includes all of Area B or (ii) if a gathering line is not constructed and the well on the West Pad is not placed on Continuous Operations into the IPS by year-end 2019, then any of the West Pad Area (Area B) acreage listed on Exhibit C that was originally included in the PA for the Thomson Reservoir pursuant to Paragraph 4.4.1, but subsequently has not been included in the PA expansion as provided for in Paragraph 4.4.3, shall be removed from the PA and included within Area D on Exhibit C, and thereafter shall be subject to the terms of the PTUA including applicable State law.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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