Drilling and Development; Subsequent Operations. Deepening) in the event of a Deepening operation, and in accordance with Article VI.B.5. (Drilling and Development; Subsequent Operations; Sidetracking) in the event of a Sidetracking operation.
Drilling and Development; Subsequent Operations. Deepening). If any Non-Consenting Party does not elect to participate in the first Completion proposed for the well, the relinquishment provisions of this Article VI.B.2.(b) (
Drilling and Development; Subsequent Operations. Proposed Operations), the interest relinquished by the Non-Consenting Parties to the Consenting Parties under Article VI.B.2. (
Drilling and Development; Subsequent Operations. Operation by Less Than All Parties) shall relate only and be limited to the lesser of: (i) the total depth actually drilled; or, (ii) the objective depth or Zone of which the Parties were given notice under Article VI.B.1. (
Drilling and Development; Subsequent Operations. Proposed Operations)(the “Initial Objective”). The well shall not be Deepened beyond the Initial Objective without first complying with this Article to afford the Non-Consenting Parties the opportunity to participate in the Deepening operation.
Drilling and Development; Subsequent Operations. Proposed Operations), to all Parties (including Non-Consenting Parties). Then, Articles VI.B.1. and 2. (
Drilling and Development; Subsequent Operations. Operations by Less Than All Parties), any well which has been Drilled or Deepened under the terms of this Agreement and is proposed to be completed as a dry hole shall not be plugged and abandoned without the consent of all Parties. Should Operator, after diligent effort, be unable to contact any Party, or should any Party fail to reply within forty-eight (48) hours after delivery of a notice of the proposal to plug and abandon the well, the Party shall be deemed to have consented to the proposed abandonment. All xxxxx shall be plugged and abandoned in accordance with applicable regulations at the cost, risk, and expense of the Parties who participated in the cost of Drilling or Deepening the well. Any Party who objects to plugging and abandoning a well by notice delivered to Operator within forty-eight (48) hours after delivery of notice of the proposed plugging shall take over the well as of the end of the forty-eight (48) hour notice period and conduct further operations in search of Oil and/or Gas subject to the provisions of Article VI.B. (
Drilling and Development; Subsequent Operations. The failure of a Party to provide proof reasonably satisfactory to Operator of the Party’s financial capability to conduct the operations or to take over the well within the period or to then conduct operations on the well or plug and abandon the well, shall entitle Operator to retain or take possession of the well and plug and abandon the well. The Party taking over the well shall indemnify Operator (if Operator is an abandoning Party) and the other abandoning Parties against all liability for further operations conducted on the well except for the costs of plugging and abandoning the well and restoring the surface, for which the abandoning Parties shall remain proportionately liable.
