Additional Acreage Assignment Sample Clauses
Additional Acreage Assignment. If an additional acreage assignment is earned under Section 4.2(a), such assignment shall cover an undivided 75% of Farmor’s rights, title and interests (excluding any overriding royalty interests held by ▇▇▇▇▇▇) in the Farmout Lands not covered by the acreage assignments described in Sections 2.3(b), 3.3(b) and 3.3(c), subject to the following area and/or depth limitations:
(i) Area: No area limitation.
(ii) Depth: No depth limitation. Said assignment shall include language to change the depth limitation of the leases previously assigned in Sections 2.3 and 3.3, if applicable.
Additional Acreage Assignment. If an additional acreage assignment is earned under Section 3.3(a), the assignment shall cover an undivided 75% of Farmor’s rights, title and interests (excluding any overriding royalty interests held by Partner) in the Farmout Lands not covered by the drill site acreage assignments described in Sections 2.3(b) and 3.3(b), subject to the following area and/or depth limitations:
(i) Area: No area limitation.
(ii) Depth: Limited to the interval between the surface of the ground down to the base of the LRD formation. If the Lower LRD formation, defined as the section below 5,800 feet down to 6,500 feet in the Standard Vicenus #1 well, is penetrated by the deepest of the Phase I Earning ▇▇▇▇▇ and the Phase II Earning Well, then the assignment will be for depths from the surface of the ground down to the stratigraphic equivalent of 6,500 feet in the Standard Vicenus #1 well. Said assignment shall include language to change the depth limitation of the leases previously assigned in Sections 2.3 and 3.3(b), if applicable.