Drilling and Operations. To the best of Borrower's knowledge, except as heretofore disclosed to the Bank in writing, the oil and gas xxxxx identified in the Collateral Documents have been drilled and operated in all material respects in accordance with the terms of relevant leases and agreements and applicable federal, state and local laws and regulations and are bottomed on and producing from the drilling and spacing units or blocks therefor.
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Samples: Credit Agreement (St Mary Land & Exploration Co), Credit Agreement (St Mary Land & Exploration Co)
Drilling and Operations. To the best of Borrower's knowledge, except as heretofore disclosed to the Bank in writing, the oil and gas xxxxx wells identified in the Collateral xxx Xollateral Documents have been drilled and operated in all material respects in accordance with the terms of relevant leases and agreements and applicable federal, state and local laws and regulations and are bottomed on and producing from the drilling and spacing units or blocks therefor.
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Drilling and Operations. To the best of Borrower's the Borrowers' knowledge, except as heretofore disclosed to the Bank in writing, the oil and gas xxxxx identified in the Collateral Documents have been drilled and operated in all material respects in accordance with the terms of relevant leases and agreements and applicable federal, state and local laws and regulations and are bottomed on and producing from the drilling and spacing units or blocks therefor.
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