COMPLETION PROGRAM. The Partnership shall determine whether Contractor shall set an oil string. In the event the Partnership directs that drilling operations cease and to abandon the five Partnership Wellx, Xxntractor shall plug the Partnership Wellx, xxmove all drilling apparatus from the well sites and the obligations of the parties hereunder shall cease. In the event the Partnership directs Contractor to set an oil string and makes timely payment to the Contractor of the completion price, Contractor shall commence the operations necessary to complete the Partnership Wellx xxx commercial production, including the setting of an oil string and the acquisition, delivery and installation of a pump jack, xxlding tank and all other necessary equipment needed to extract and contain oil and/or gas from the Partnership Wellx. Xx Contractor should enter into an assignment with another entity to undertake the Completion Program, Contractor may bill xxx Partnership, and the Partnership will pay for any completion costs over and above the Completion Price set forth herein.
Appears in 4 contracts
Samples: Turnkey Drilling Contract (Blue Ridge Energy Inc), Material Contracts (Blue Ridge Energy Inc), Turnkey Drilling Contract (Blue Ridge Energy Inc)
COMPLETION PROGRAM. The Partnership shall determine whether Contractor shall set an oil string. In the event the Partnership directs that drilling operations cease and to abandon the five Partnership Venture Wellx, Xxntractor shall plug the Partnership Venture Wellx, xxmove all drilling apparatus from the well sites and the obligations of the parties hereunder shall cease. In the event the Partnership directs Contractor to set an oil string and makes timely payment to the Contractor of the completion price, Contractor shall commence the operations necessary to complete the Partnership Venture Wellx xxx commercial production, including the setting of an oil string and the acquisition, delivery and installation of a pump jack, xxlding tank and all other necessary equipment needed to extract and contain oil and/or gas from the Partnership Venture Wellx. Xx Contractor should enter into an assignment with another entity to undertake the Completion Program, Contractor may bill xxx Partnership, and the Partnership will pay for any completion costs over and above the Completion Price set forth herein.
Appears in 2 contracts
Samples: Material Contracts (Blue Ridge Energy Inc), Turnkey Drilling Contract (Blue Ridge Energy Inc)
COMPLETION PROGRAM. The Partnership shall determine whether Contractor shall set an oil string. In the event the Partnership directs that drilling operations cease and to abandon the five Partnership Texas and Kentucky Venture Wellx, Xxntractor shall plug the Partnership WellxVenture Well, xxmove remove all drilling apparatus from the well sites site and the obligations of the parties hereunder shall cease. In the event the Partnership directs Contractor to set an oil string and makes timely payment to the Contractor of the completion price, Contractor shall commence the operations necessary to complete the Partnership Wellx xxx Venture Well for commercial production, including the setting of an oil string and the acquisition, delivery and installation of a pump jack, xxlding tank and all other necessary equipment needed to extract and contain oil and/or gas from the Partnership WellxVenture Well. Xx If Contractor should enter into an assignment with another entity to undertake the Completion Program, Contractor may bill xxx Partnership, and the Partnership will pay for any completion costs over and above the Completion Price set forth herein.
Appears in 2 contracts
Samples: Turnkey Drilling Contract (Blue Ridge Energy Inc), Material Contracts (Blue Ridge Energy Inc)