Common use of Abandonment of Properties Clause in Contracts

Abandonment of Properties. Nothing in this Conveyance shall obligate Assignor to continue to operate any Development Well or to operate or maintain in force or attempt to maintain in force any Subject Interest when such Development Well or Subject Interest ceases to produce, or Assignor determines that such Development Well or Subject Interest is not capable of producing Minerals in paying quantities, or that such Development Well or Subject Interest is sufficiently unlikely to be made capable of producing Minerals in paying quantities such that additional operations are unwarranted, all in accordance with Section 8.01 above. The expiration of a Subject Interest in accordance with the terms and conditions applicable thereto shall not be considered to be a voluntary surrender or abandonment thereof.

Abandonment of Properties. Nothing in this Conveyance shall obligate Assignor to continue to operate any Development Well or to operate or maintain in force or attempt to maintain in force any Subject Interest when such Development Well or Subject Interest ceases to produce, or Assignor determines that such Development Well or Subject Interest is not capable of producing Minerals in paying quantities, or that such Development Well or Subject Interest is sufficiently unlikely to be made capable of producing Minerals in paying quantities such that additional operations are unwarranted, all in accordance with Section 8.01 above. The expiration of a Subject Interest in accordance with the terms and conditions applicable thereto shall not be considered to be a voluntary surrender or abandonment thereof.