Examples of Well operator in a sentence
For all Forecasted Years, Well Operator and Gatherer will work towards a mutually acceptable Volume Forecast that incorporates the best available data from all Shippers on each System.
Prior to commencing the drilling of any Development Well, Operator will perform such title due diligence and such title curative work as would be performed by an oil and gas operator drilling a well and acting in accordance with the Reasonably Prudent Operator Standard.
If Gatherer and Well Operator cannot agree on a Volume Forecast by October 31 of each year, the matter may be submitted by either Gatherer or Well Operator to the dispute resolution provisions in Section 18 of the Agreement and until resolved, the previous year’s Gathering Fee, escalated by the Inflation Factor, will remain in effect.
After commencement of a Development Well, Operator shall diligently conduct the operation without unreasonable delay until the well reaches the Objective Depth, unless the well encounters, at a lesser depth, impenetrable conditions or mechanical difficulties that cannot be overcome by reasonable and prudent operations and render further operations impracticable, except as may otherwise be provided in optional provision Article 8.7 (Overexpenditures), if elected.
After commencement of drilling an Exploratory Well, Operator shall diligently conduct the operation without unreasonable delay until the well reaches the Objective Depth, unless the well encounters, at a lesser depth, impenetrable conditions or mechanical difficulties that cannot be overcome by reasonable and prudent operations and that render further operations impracticable, except as may otherwise be provided in optional provision Article 8.7 (Overexpenditures), if selected.