Common use of Drilling and Completion Clause in Contracts

Drilling and Completion. All Xxxxx shall be Drilled and Completed in accordance with the terms of the Operating Agreement. Prior to spudding each Well subject to this Agreement, Nytis shall deliver an authority for expenditure, in the form as set forth on Exhibit D attached hereto (each a “Well AFE”), setting forth drilling, completion and surface equipment costs for such Well. It is understood and agreed that the Well AFEs represent an estimate of the costs of drilling and completing the Xxxxx, but final billing will be based on actual costs incurred. Xxxxxxxx will be charged pursuant to the Operating Agreement unless otherwise set forth herein. In connection with any Well AFE, Nytis agrees promptly to provide any additional information regarding the Well which is reasonably requested by Liberty. The location of each Well shall be determined by the Operator in its sole discretion. Unless otherwise consented to in writing by Liberty, Nytis shall drill each Well as a Horizontal Well running through the Berea Sandstone Geologic Interval. Nytis shall complete, equip and produce, or plug and abandon each of the Xxxxx, with due diligence and reasonable dispatch in accordance with applicable laws and the Operating Agreement.

Drilling and Completion. All Xxxxx shall be Drilled and Completed in accordance with the terms of the Operating Agreement. Prior to spudding each Well subject to this Agreement, Nytis shall deliver an authority for expenditureAFE, in the form as set forth on Exhibit D attached hereto (each a “Well AFE”), setting forth drilling, completion the estimate of Drilling and surface equipment costs Completion Costs for such Well. It is understood and agreed that the Well AFEs represent an estimate of the costs of drilling and completing the Xxxxx, but final billing will be based on actual costs incurred. Xxxxxxxx will be charged pursuant to the Operating Agreement unless otherwise set forth herein. In connection with any Well AFE, Nytis agrees promptly to provide any additional information regarding the Well which is reasonably requested by Liberty. The location of each Well shall be determined by the Operator in its sole discretion. Unless (a) otherwise consented to in writing by Liberty, or (b) pursuant to Section 2.5(a), Nytis shall drill each Well as a Horizontal Well running through the Berea Sandstone Geologic Interval. Nytis shall drill, complete, equip and produce, or plug and abandon each of the Xxxxx, with due diligence and reasonable dispatch in accordance with applicable laws and the Operating Agreement.