Development of Horizons Sample Clauses

Development of Horizons. Lessee shall have ( ) years from the Effective Date to develop all horizons on the Leased Premises. At the expiration of such ( ) year period, Lessee shall have no right to and shall release those horizons below the then deepest horizon producing in Paying Quantities. If at the end of the ( ) years a well on the Leased Premises capable of producing in Paying Quantities, temporarily has ceased to produce due to mechanical problems or because of deepening, plugging back, or other operations and there are no other xxxxx on the Leased Premises, or on lands pooled, unitized, or communitized therewith, which are producing in Paying Quantities, nevertheless such well shall be deemed to be a well on the Leased Premises producing in Paying Quantities and this Lease will continue in force during all of the time or times this Lease may be held by production; provided, that this Lease shall terminate if Lessee does not commence operations upon such well or commence drilling operations on a new well within ninety (90) days from cessation of production and, after commencing operations within said period, if production in Paying Quantities has not resumed within one hundred eighty (180) days from commencing operations.
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Related to Development of Horizons

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK Firms and/or individuals that assisted in the development or drafting of the specifications, requirements, statements of work, or solicitation documents contained herein are excluded from competing for this solicitation. This shall not be applicable to firms and/or individuals providing responses to a publicly posted Request for Information (RFI) associated with a solicitation.

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