Conclusion of Appraisal Operations. the substitute well shall be an Appraisal Well. The Well Plan for the substitute Appraisal Well shall be substantially the same as the abandoned Appraisal Well’s Well Plan and shall also take into account the conditions that rendered further drilling of the abandoned Appraisal Well impractical.
Appears in 2 contracts
Samples: Model Form Disclaimer, Model Agreement
Conclusion of Appraisal Operations. the substitute well shall be an Appraisal Well. The Well Plan for the substitute Appraisal Well shall be substantially the same as the abandoned Appraisal Well’s Well Plan and shall also take into account the conditions that rendered further drilling of the abandoned Appraisal Well impractical. Each Non-Participating Party in a substitute Appraisal Well or an approved supplemental AFE for an Appraisal Well will be subject to either an acreage forfeiture or Hydrocarbon Recoupment, as provided in Article 16 (Non-Consent Operations).
Appears in 2 contracts
Samples: Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp), Operating Agreement (Anadarko Petroleum Corp)
