Alternatives to Drilling. If no Party elects to Drill a Required Well within the period allowed for the election, and if any of the following alternatives is available, the first alternative that is available shall be followed:
Appears in 2 contracts
Samples: Unit Operating Agreement (Warren Resources Inc), Joint Exploration Agreement (Warren Resources Inc)
Alternatives to Drilling. If no Party elects to Drill drill a Required Well required well within the period allowed for the such election, and if any of the following alternatives is available, the first such alternative that which is available shall be followed:
Appears in 1 contract
Samples: Unit Operating Agreement (Pacific Energy Resources LTD)
Alternatives to Drilling. If no Party elects to Drill a Required Well required well within the period allowed for such election or if such election is made but approval to drill is not obtained from the electionparties as provided under Section 14.2, and if any of the following alternatives is available, the first such alternative that which is available shall be followed:
Appears in 1 contract
Samples: Unit Operating Agreement (Pacific Energy Resources LTD)
