Assignment of Drilling Location Sample Clauses

Assignment of Drilling Location. Upon written request from FARMEE and if required by any state or federal governmental agency having jurisdiction over the granting of drilling permits, FARMOR agrees to assign to FARMEE those rights listed in Article IV, below, in the Leases covering a forty (40) acre drilling location. Such assignment shall be done so as to not cause FARMEE material delays in obtaining the drilling permit and of spudding a well hereunder. In the event FARMEE fails to earn an assignment pursuant to this Agreement for such well that FARMOR executed a drilling location assignment, then FARMEE agrees to reassign to FARMOR all rights previously assigned to it in that drilling location assignment, without creating any encumbrances or additional burdens thereon.
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