Applicability of WSGP’s Carry Sample Clauses

Applicability of WSGP’s Carry. Subject to Section 4.3, and WSGP’s non-consent elections, WSGP’s Carry shall apply to any and all costs and expenses, including overhead under the JOA, attributable to the drilling, completion, sidetracking, deepening, reworking, recompletion or repair of any Program Well, including the construction of gathering, treating and processing facilities exclusively servicing production from such Program Well until such time as the carried portion of all such costs and expenses actually paid by WSGP equals the Carried Amount. WSGP’s Carry shall not apply to any leasehold or mineral interest acquisitions within the AMI pursuant to Article XI, nor any costs to acquire seismic data in and to any portion of the AMI, all such costs and expenses being on a heads-up, non-carried 50%/50% basis, subject to Section 11.3 with respect to administrative overhead, and further subject to each Party’s election to participate or not participate in any such acquisition. PetroQuest shall furnish statements to WSGP, in form and substance reasonably acceptable to WSGP, on or before the 20th day following the end of each calendar quarter (March 31, June 30, September 30 and December 31) detailing the amount paid and applied against the Carried Amount by WSGP from the prior quarter, the aggregate amount paid and applied against the Carried Amount by WSGP as of the end of such prior quarter and the amount remaining to be paid toward the Carried Amount. PetroQuest shall send written notice to WSGP within thirty (30) days of the date that WSGP has paid the entire Carried Amount. From and after the date on which such Carried Amount has been paid, all costs and expenses attributable or related to existing Program Xxxxx, and any subsequent Program Xxxxx shall be on a heads-up, non-carried 50%/50% basis.