Commitments, Abandonments or Proposals. Except as set forth in Schedule 4.8 of the Seller Disclosure Schedule: (a) Seller has incurred no expenses, and has made no commitments to make expenditures in connection with the ownership or operation of the Properties after the Effective Date, other than routine expenses incurred in the normal operation of existing xxxxx on the Oil and Gas Properties in accordance with generally accepted practices in the oil and gas industry; (b) Seller has not abandoned any xxxxx (or removed any material items of equipment, except those replaced by items of materially equal suitability and value) on the Oil and Gas Properties since the Effective Date; and (c) no proposals are currently outstanding (whether made by Seller or by any other party) to drill additional xxxxx, or to deepen, plug back, or rework existing xxxxx, or to conduct other operations for which consent is required under the applicable operating agreement, or to conduct any other operations other than normal operation of existing xxxxx on the Oil and Gas Properties, or to abandon any xxxxx, on the Oil and Gas Properties.
Appears in 2 contracts
Samples: Asset Purchase and Sale Agreement (Vanguard Natural Resources, LLC), Asset Purchase and Sale Agreement (Vanguard Natural Resources, LLC)
Commitments, Abandonments or Proposals. Except as set forth in Schedule Section 4.8 of the Seller Seller’s Disclosure Schedule: (a) Seller has incurred no expenses, and has made no commitments to make expenditures in connection with the ownership or operation of the Properties after the Effective Date, other than (i) routine expenses incurred in the normal operation of existing xxxxx on the Oil and Gas Properties in accordance with generally accepted practices in the oil and gas industry, (ii) development expenses incurred in connection with the Subject Xxxxx; (b) Seller has not no xxxxx have been abandoned any xxxxx (or removed any material items of equipment, except those replaced by items of materially equal suitability and value) on the Oil and Gas Properties since the Effective Date; and (c) no proposals are currently outstanding (whether made by Seller or by any other party) working interest owners to drill additional xxxxx, or to deepen, plug back, or rework existing xxxxx, or to conduct other operations for which consent is required under the applicable joint operating agreement, or to conduct any other operations other than normal operation of existing xxxxx on the Oil and Gas Properties, or to abandon any xxxxx, on the Oil and Gas Properties, except as shown in Section 4.8 of Seller’s Disclosure Schedule.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.)
Commitments, Abandonments or Proposals. Except as set forth in Schedule 4.8 Section 6.3 of the Seller Seller's Disclosure Schedule: (a) Seller has incurred no expenses, and has made no commitments to make expenditures in connection with the ownership or operation of the Properties after the Effective Date, other than routine expenses incurred in the normal operation of existing xxxxx on the Oil and Gas Properties in accordance with generally accepted practices in the oil and gas industry; (b) Seller has not abandoned any xxxxx (or removed any material items of equipment, except those replaced by items of materially equal suitability and value) on the Oil and Gas Properties since the Effective Date; and (c) no proposals are currently outstanding (whether made by Seller or by any other party) working interest owners to drill additional xxxxx, or to deepen, plug back, or rework existing xxxxx, or to conduct other operations for which consent is required under the applicable operating agreement, or to conduct any other operations other than normal operation of existing xxxxx on the Oil and Gas Properties, or to abandon any xxxxx, on the Oil and Gas Properties.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (Swift Energy Co)
Commitments, Abandonments or Proposals. Except as set forth in Schedule Section 4.8 of the Seller Disclosure Schedule: (ai) Seller has incurred no expenses, and has made no commitments to make expenditures in connection with the ownership or operation of the Properties after the Effective Date, other than routine expenses incurred in the normal operation of existing xxxxx on the Oil and Gas Properties in accordance with generally accepted practices in the oil and gas industry; (bii) Seller has not abandoned any xxxxx (or removed any material items of equipmentthe Equipment, except those items promptly replaced by items of materially equal suitability and value) on the Oil and Gas Properties since the Effective Date; and (ciii) no proposals are currently outstanding (whether made by Seller or by any other party) working interest owners to drill additional xxxxx, or to deepen, plug back, or rework existing xxxxx, or to conduct other operations for which consent is required under the applicable operating agreement, or to conduct any other operations other than normal operation of existing xxxxx on the Oil and Gas Properties, or to abandon any xxxxx, on the Oil and Gas Properties.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (Constellation Energy Partners LLC)