Common use of 2Response to Highest Priority Proposal Clause in Contracts

2Response to Highest Priority Proposal. If a separate proposal is made, each Party entitled to make an Election shall, within twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) after its receipt from the Operator of a complete copy of all separate proposals, make its Election on the highest priority proposal (except a proposal to permanently plug and abandon the well). Article 11.2(a) has the highest priority, and Article 11.2(h) has the lowest priority. If different depths or locations are proposed for the same type of operation, preference shall be given to the [Select one of the following.] ☐ shallowest depth ☐ deepest depth, or the location [Select one of the following.] ☐ nearest to ☐ farthest from the existing well bore, as applicable. If the proposal with the highest priority is approved, then the lower priority proposals shall be deemed withdrawn. Once the approved operation is completed, the Parties shall follow the procedure provided in Article 11.2 (Appraisal Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is temporarily abandoned or permanently abandoned.

2Response to Highest Priority Proposal. If a separate proposal is made, each Party entitled to make an Election shall, within twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) after its receipt from the Operator of a complete copy of all separate proposals, make its Election on the highest priority proposal (except a proposal to permanently plug and abandon the well). Article 11.2(a10.2(a) has the highest priority, and Article 11.2(h10.2(h) has the lowest priority. If different depths or locations are proposed for the same type of operation, preference shall be given to the [Select one of the following.] ☐ shallowest depth ☐ deepest depth, or the location [Select one of the following.] ☐ nearest to ☐ farthest from the existing well bore, as applicable. If the proposal with the highest priority is approved, then the lower priority proposals shall be deemed withdrawn. Once the approved operation is completed, the Parties shall follow the procedure provided in this Article 11.2 10.2 (Appraisal Exploratory Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is temporarily abandoned or permanently abandoned.

2Response to Highest Priority Proposal. If a separate proposal is made, each Party entitled to make an Election shall, within twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) after its receipt from the Operator of a complete copy of all separate proposals, make its Election on the highest priority proposal (except a proposal to permanently plug and abandon the well). Article 11.2(a13.2(a) has the highest priority, and Article 11.2(h13.2(h) has the lowest priority. If different depths or locations are proposed for the same type of operation, preference shall be given to the [Select one of the following.] ☐ shallowest depth ☐ deepest depth, or the location [Select one of the following.] ☐ nearest to ☐ farthest from the existing well bore, as applicable. If the proposal with the highest priority is approved, then the lower priority proposals shall be deemed withdrawn. Once the approved operation is completedconcluded, the Parties shall follow the procedure provided in this Article 11.2 13.2 (Appraisal Development Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is completed for production, temporarily abandoned or permanently abandoned.

2Response to Highest Priority Proposal. If a separate proposal is made, each Party entitled to make an Election shall, within twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) after its receipt from the Operator of a complete copy of all separate proposals, make its Election on the highest priority proposal (except a proposal to permanently plug and abandon the well). Article 11.2(a) has the highest priority, and Article 11.2(h) has the lowest priority. If different depths or locations are proposed for the same type of operation, preference shall be given to the [Select one of the following.] ☐  shallowest depth ☐  deepest depth, or the location [Select one of the following.] ☐  nearest to ☐  farthest from the existing well bore, as applicable. If the proposal with the highest priority is approved, then the lower priority proposals shall be deemed withdrawn. Once the approved operation is completed, the Parties shall follow the procedure provided in Article 11.2 (Appraisal Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is temporarily abandoned or permanently abandoned.

2Response to Highest Priority Proposal. If a separate proposal is made, each Party entitled to make an Election shall, within twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) after its receipt from the Operator of a complete copy of all separate proposals, make its Election on the highest priority proposal (except a proposal to permanently plug and abandon the well). Article 11.2(a10.2(a) has the highest priority, and Article 11.2(h10.2(h) has the lowest priority. If different depths or locations are proposed for the same type of operation, preference shall be given to the [Select one of the following.] ☐  shallowest depth ☐  deepest depth, or the location [Select one of the following.] ☐  nearest to ☐  farthest from the existing well bore, as applicable. If the proposal with the highest priority is approved, then the lower priority proposals shall be deemed withdrawn. Once the approved operation is completed, the Parties shall follow the procedure provided in this Article 11.2 10.2 (Appraisal Exploratory Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is temporarily abandoned or permanently abandoned.

2Response to Highest Priority Proposal. If a separate proposal is made, each Party entitled to make an Election shall, within twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) after its receipt from the Operator of a complete copy of all separate proposals, make its Election on the highest priority proposal (except a proposal to permanently plug and abandon the well). Article 11.2(a13.2(a) has the highest priority, and Article 11.2(h13.2(h) has the lowest priority. If different depths or locations are proposed for the same type of operation, preference shall be given to the [Select one of the following.] ☐  shallowest depth ☐  deepest depth, or the location [Select one of the following.] ☐  nearest to ☐  farthest from the existing well bore, as applicable. If the proposal with the highest priority is approved, then the lower priority proposals shall be deemed withdrawn. Once the approved operation is completed, the Parties shall follow the procedure provided in this Article 11.2 13.2 (Appraisal Development Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is temporarily abandoned or permanently abandoned.