Common use of Completion Determination Clause in Contracts

Completion Determination. Operator shall determine whether or not to run the production casing for an attempted completion or to plug and abandon any well drilled under this Agreement. However, a well shall be completed only if Operator has made a good faith determination that there is a reasonable possibility of obtaining commercial quantities of oil and/or gas.

Appears in 15 contracts

Samples: Drilling and Operating Agreement (Atlas Resources Series 28-2010 L.P.), Drilling and Operating Agreement (Atlas Resources Series 28-2010 L.P.), Drilling and Operating Agreement (Atlas Resources Public #17-2007 (A) L.P.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.