Common use of Conduct of Operations Clause in Contracts

Conduct of Operations. (a) The Partners agree to participate in the Partnership’s program of operations as established by the Managing General Partner; provided, however, that no well drilled to the point of setting casing need be completed if, in the Managing General Partner’s opinion, such well is unlikely to be productive of oil or gas in quantities sufficient to justify the expenditures required for well completion. The Partnership may participate with others in the drilling of xxxxx and it may enter into partnerships or other such arrangements.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Bayou City Exploration, Inc.), Limited Partnership Agreement (Bayou City Exploration, Inc.), Limited Partnership Agreement (Bayou City Exploration, Inc.)

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Conduct of Operations. (a) The Partners agree to participate in the Partnership’s 's program of operations as established by the Managing General Partner; provided, however, that no well drilled to the point of setting casing need be completed if, in the Managing General Partner’s 's opinion, such well is unlikely to be productive of oil or gas in quantities sufficient to justify the expenditures required for well completion. The Partnership may participate with others in the drilling of xxxxx wxxxx and it may enter into partnerships or other such arrangements.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Bayou City Exploration, Inc.), Limited Partnership Agreement (Bayou City Exploration, Inc.)

Conduct of Operations. (a) The Partners agree to participate in the Partnership’s 's program of operations as established by the Managing General Partner; provided, however, that no well drilled to the point of setting casing need be completed if, in the Managing General Partner’s 's opinion, such well is unlikely to be productive of oil or gas in quantities sufficient to justify the expenditures required for well completion. The Partnership may participate with others in the drilling of xxxxx and it may enter into partnerships Partnerships, partnerships, or other such arrangements.

Appears in 1 contract

Samples: Limited Partnership Agreement (Bayou City Exploration, Inc.)

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Conduct of Operations. (a) The Partners agree to participate in the Partnership’s 's program of operations as established by the Managing General Partner; provided, however, that no well drilled to the point of setting casing need be completed if, in the Managing General Partner’s 's opinion, such well is unlikely to be productive of oil or gas in quantities sufficient to justify the expenditures required for well completion. The Partnership may participate with others in the drilling of xxxxx and it may enter into partnerships or other such arrangements.

Appears in 1 contract

Samples: Limited Partnership   Agreement (Bayou City Exploration, Inc.)

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