Abandonment Operations Required by Governmental Authority. Any well abandonment or platform removal required by a governmental authority shall be accomplished by OPERATOR with the costs, risks and net proceeds, if any, to be shared by the PARTIES owning such well or platform in proportion to their PARTICIPATING INTEREST.
Appears in 6 contracts
Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Oil and Gas Lease Agreement (Beta Oil & Gas Inc), Joint Operating Agreement (Ridgewood Energy K Fund LLC)
Abandonment Operations Required by Governmental Authority. Any A well abandonment or platform Platform and Development Facilities removal required by a governmental authority having jurisdiction shall be accomplished by OPERATOR Operator with the costs, risks risks, and net proceeds, if any, to be shared by the PARTIES Parties owning such the well or platform Platform and Development Facilities in proportion to their PARTICIPATING INTERESTParticipating Interests therein. No approval by the Parties will be necessary for Operator to proceed with the government required well abandonment, or Platform and Development Facilities removal. The Operator shall provide the Parties with an informational AFE prior to commencing such an abandonment or removal.
Appears in 2 contracts
Samples: Offshore Operating Agreement, Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
Abandonment Operations Required by Governmental Authority. Any well abandonment or platform Platform removal required by a governmental authority shall be accomplished by OPERATOR Operator with the costs, risks and net proceeds, if any, to be shared by the PARTIES Parties owning such well or platform Platform in proportion to their PARTICIPATING INTERESTParticipating Interests therein.
Appears in 2 contracts
Samples: Sale Agreement, Sale of Properties (West Texas Resources, Inc.)
Abandonment Operations Required by Governmental Authority. Any well abandonment or platform Platform removal required by a governmental authority shall be accomplished by OPERATOR Operator with the costs, risks and net proceeds, if any, to be shared by the PARTIES Parties owning such well or platform Platform in proportion to their PARTICIPATING INTERESTParticipating Interests.
Appears in 2 contracts
Samples: Offshore Operating Agreement (Ridgewood Energy L Fund LLC), Offshore Operating Agreement (Ridgewood Enengy K Fund LLC)
Abandonment Operations Required by Governmental Authority. Any well abandonment or platform platform/Production System removal required by a governmental authority shall be accomplished by OPERATOR Operator with the costsCosts, risks and net proceeds, if any, to be shared by the PARTIES Parties owning such well well, platform or platform Production System in proportion to their PARTICIPATING INTERESTParticipating Interest.
Appears in 1 contract
Abandonment Operations Required by Governmental Authority. Any well abandonment or platform Platform removal required by a governmental authority shall be accomplished by OPERATOR Operator with the costs, risks risks, and net proceeds, if any, to be shared by the PARTIES Parties owning such well or platform Platform in proportion to their PARTICIPATING INTERESTParticipating Interests.
Appears in 1 contract
