Common use of COMPLETION PROGRAM Clause in Contracts

COMPLETION PROGRAM. The Contractor, in its capacity as Managing General Partner of the Partnership (the “Managing General Partner”), along with other participating Partnership Well working interest owners, shall determine whether Contractor shall set a production string on the Prospect Xxxxx. In the event the Managing General Partner directs that drilling operations cease and to abandon the Partnership Xxxxx, Contractor shall plug the Partnership Xxxxx, remove all drilling apparatus from the well sites and the obligations of the parties hereunder shall cease. In the event the Managing General Partner directs Contractor to set a production string on the Prospect Xxxxx and makes timely payment to the Contractor of the Completion Price, Contractor shall commence the operations necessary to attempt to complete the Prospect Xxxxx for commercial production, including the setting of a production string and the acquisition, delivery and installation of a pump xxxx, holding tank and all other necessary equipment needed to extract and contain oil and/or gas from the Partnership Xxxxx.