Drilling Program. It is the intent and agreement of ESI and Investors to initially drill a minimum of four (4) xxxxx as the first part of the drilling program. As set forth herein, Investors shall have the option to finance and invest in an additional twenty (20) gas xxxxx over an eighteen (18) month period from the date first above written. Each well drilled shall have 20 days to finance the said xxxxx by the investors. ESI and Investors shall each have the specific duties, obligations and responsibilities as described and set forth in this Agreement, and specifically Section 2, below.
Drilling Program. Before any drilling begins on any well, OPERATOR shall deliver the drilling program to CONTRACTOR which Contractor shall give notice to Operator of its' receipt. Contractor shall also certify in writing to Operator that "rigging-up" is satisfactorily completed. CONTRACTOR shall use reasonable diligence to conduct all drilling operations in conformance with OPERATOR's drilling program. OPERATOR may modify the drilling program so long as any modifications which materially increases CONTRACTOR's hazards or costs of performance bears CONTRACTOR's approval and provides for an appropriate rate increase as mutually agreed by the parties. Except as otherwise provided herein, CONTRACTOR SHALL NOT BEGIN TO DISMANTLE ITS RIG AND EQUIPMENT FOR DEMOBILIZATION UNTIL AUTHORIZED TO DO SO BY OPERATOR IN WRITING.
Drilling Program. 3.1 Eni represents, without warranty of title, except by, through and under Eni, that it is the owner of one hundred percent (100%) record title interest in the Leases, and that the Subject Interests (as defined in 1.14) to be earned by Woodside and Ridgewood pursuant to this Agreement shall be free and clear of all liens, claims and encumbrances. The Leases, as to all depths, described on Exhibit "A" comprise all of and are subject to the East Breaks 112 Unit (Unit No. 754391005).
3.2 Subject to rig availability and acquisition of all required permits and approvals, by Eni as operator of the East Breaks 112 Unit, on or before the 1st day of December, 2005, Woodside, as designated Operator, will commence and thereafter diligently conduct operations to drill or cause to be drilled, an exploratory test well on East Breaks Block 157 at a surface and bottom hole location of X =1,077,753 feet and Y = 10,100,897 feet UTM to a minimum total depth of 12,000 feet MD / TVD ("Objective Depth") or such greater depth as may be mutually agreed by the Parties to evaluate Eni's Topaz prospect (hereinafter referred to as "Test Well"). Woodside and Ridgewood will each pay thirty-seven and five-tenths percent (37.5%), being a combined seventy-five percent (75%) of the estimated dry hole cost to drill the Test Well to Casing Point or through the plugging or temporary abandonment to earn an undivided twenty-five percent (25%) each, being a combined fifty percent (50%) operating rights (as described in 3.3) in the Leases. The costs to drill the Test Well (or its substitute), on which Woodside and Ridgewood bear a disproportionate share is limited to the actual drilling cost to reach Casing Point, or through plugging and abandoning if a dry hole, or $ 13.2 million dollars, whichever is less ("Cap Amount") based on 110% of Woodside's AFE which is defined in Article 1.5 and attached as Exhibit "D". Thereafter, Woodside and Ridgewood will each pay their prorata twenty-five percent (25%) working interest shares of any well costs in excess of the Cap Amount and all other costs incurred from and after the Effective Date (including P&A cost) in accordance with the terms of the Offshore Operating Agreement attached as Exhibit "C".
3.3 Upon satisfaction by Woodside and Ridgewood of their obligations to drill the Test Well to Casing Point or spend up to 110 % of the AFE and subject to the further provisions of this Article III, Eni shall assign to Woodside and Ridgewood each an undivided ...
Drilling Program. A. The Drilling Program shall be conducted as Xxxxxxx in its capacity as Operator and shall consist of the drilling, logging, testing and the completing and equipping for production (or if applicable, the plugging and abandonment) of ten (10) xxxxx upon the subject prospects (the “Program Xxxxx”), with such xxxxx being located at sites selected by Xxxxxxx and being drilled to a subsurface depth equal to such depth as is necessary to penetrate prospectively productive sands of the Frio Formation (“Contract Depth”). The total operational and overhead costs for one hundred percent (100%) interest in the 10-Well Drilling Program is U.S. $3,500,000.00 or less. Xxxxxxx shall use all reasonable efforts to cause the initial Drilling Program Well to be spudded on or before April 1, 2006, and to thereafter conduct the Drilling Program on a sequential basis in such a manner so that the Drilling Program shall be completed within nine (9) months of the date on which the initial Program Well was spudded. The parties acknowledge delays in drilling may be occasioned by lack of rig availability, weather conditions and, where applicable, flood waters of the Mississippi River. When any such condition exists, the completion date of the Drilling Program may be extended by such period of time as equals the period access to a location or locations was impractical or unduly burdensome. Xxxxxxx shall cause each horizon encountered by each Program Well that is potentially capable of producing hydrocarbons in commercial quantities to undergo the following logging and testing program:
(i) a dual induction sonic electrical log or its equivalent; and,
(ii) side wall core testing of all potentially productive formations. Xxxxxxx shall provide Investor with reasonable notice of the conducting of each such logging and testing program in such manner and time as to allow Investor sufficient opportunity to have a representative present during such logging and testing. Based upon the results of the logging and testing, Xxxxxxx shall decide whether or not a completion attempt should be conducted as to any one or more of the tested horizons. In the event that Xxxxxxx should decide against any completion attempt as to a particular Program Well, then such Program Well shall be immediately plugged and abandoned. In the event that Xxxxxxx should decide to conduct one or more completion attempts as to a particular Program Well, then such completion attempt shall be conducted by Xxxxxxx.
B. Prior to ...
Drilling Program. Scorpio US covenants and agrees with GPXM to cause the Company to complete drilling programs of a minimum of 35,000 feet of drilling per year for two years from the date of this Agreement, at the sole expense of Scorpio US.
Drilling Program. (a) To facilitate the orderly exploration and development of the Subject Interests prior to the end of the Drilling Term, subject to Section 4.3 and Article V, the Parties hereby commit to conduct the drilling program attached hereto as Exhibit D (as may be amended, supplemented or modified, the “Drilling Program”) during the Drilling Term. Except as permitted under Section 4.2(e), the Operating Committee shall have the sole right to amend, modify and supplement the Drilling Program.
(b) Prior to the end of the Drilling Term, the Parties shall be required to participate in the operations contemplated by the Drilling Program, and no Party shall have the right to make any nonconsent election under an Applicable Operating Agreement with respect to any operation contemplated by the Drilling Program. Further, subject to Article IX, Gasco is hereby authorized to propose to third parties and conduct all operations contemplated by the Drilling Program for the account of the Parties under the relevant Applicable Operating Agreement and the Contract Operating Agreement (provided that, to the extent any third party is a party to an Applicable Operating Agreement, Gasco shall propose an operation to such third party in accordance with the terms of the Applicable Operating Agreement, though, for the avoidance of doubt, the operation does not need to be re-proposed to the Parties).
(c) Subject to Article IX, Gasco shall be responsible for proposing to third parties, and conducting all operations that are contemplated by the Drilling Program under the Applicable Operating Agreement and the Contract Operating Agreement. Other than as provided in the preceding sentence and in Section 4.4, prior to the end of the Drilling Program, no Party or its Affiliates shall propose operations under any Applicable Operating Agreement; provided that, prior to the end of the Drilling Term, if Gasco fails to conduct any operation contemplated by the Drilling Program within the time periods prescribed for such operation under the Drilling Program, then notwithstanding the terms of this Agreement or the Contract Operating Agreement to the contrary, Wapiti shall be permitted to propose and conduct such operation.. Other than with respect to operations proposed by a third party under an Applicable Operating Agreement, Wapiti hereby authorizes Gasco on its behalf to provide such notices, make such elections required by the Drilling Program and take such actions as may reasonably be required un...
Drilling Program. Following the completion of drilling of five wells in Phase I, Part A, Phase I, Part B will begin. At any time in Phase I, Part B either Party may propose the drilling of a well within the Phase I area on a ground floor Penn Virginia-70%, GMX-30% working interest basis pursuant to the Operating Agreement- Wellbore (unless it is an additional well in a unit established in Phase I, Part A, in which event the existing Operating Agreement-Unit will apply). The Parties will own a wellbore working interest as to these wells, and if GMX elects tx xxxticipate, PVOG will make an assignment of a 10% working interest in such wellbore to the extent it arises from leases relating to the 80% interest assigned by GMX to PVOG. In the event PVOG elects to participate in the 1st well in Phase I, Part B and PVOG has not spent at least $1,500,000 attributable to GMX's 20% carry in Phase I, Part A, then PVOG agrees to pay GMX's share of the well costs attributable to such well in the amount of the difference between $1,500,000 and actual carry costs, up to a maximum of $160,000. At such time PVOG has carried GMX for $1,500,000 in drilling, completion and hook up costs, PVOG and GMX working interest participation shall be borne on a ground floor basis pursuant to the terms of the applicable Operating Agreement.
Drilling Program. Royale and CRPC hereby agree to the joint development of the Mineral Interests within the Farmout Lands pursuant to the terms and conditions of this Agreement and the JOA (as defined in Section 9, below). Subject to the terms and provisions of this Agreement, the Year 1 Xxxxx, Year 2 Xxxxx, and Year 3 Xxxxx (defined below), as the case may be, and Well Costs (defined below) provided for in Sections 4.a, 4.b, and 4.c below represent the minimum amount of xxxxx and Well Costs and the Parties shall have the right to drill additional xxxxx over and above said minimum amounts.
a. During the period from and after the Effective Date to December 1, 2019 (“Year 1”), Royale shall complete one of the following (together, the “Year 1 Obligations”): (i) drill and complete (either as commercial producers or as non-productive dry holes) ‖Redacted -
Drilling Program. 19.1. The drilling program for the Well(s) is set forth in Operator’s Well Program. The drilling program may be amended by Operator from time to time, and copies of such amendments shall be delivered to Contractor in sufficient time for Contractor to comply therewith.
19.2. Contractor shall prepare and move Contractor’s Equipment to each Well location designated by Operator and carry out the Work for each Well as programmed by Operator.
19.3. Contractor shall comply with all instructions of Operator consistent with the provisions of this Contract, including, without limitation, drilling, well control and safety instructions. Such instructions shall, if Contractor so requires, be confirmed in writing by the Operator Representative. However, Operator shall not issue any instructions that would be inconsistent with Contractor’s rules, policies or procedures pertaining to the safety of Contractor’s Personnel or Contractor’s Equipment, or require Contractor to exceed the rated capacities of Contractor’s Equipment or the maximum well depth set forth in SCHEDULE A.
19.4. Contractor shall conduct the Work on a twenty-four (24) hour per day, seven (7) day per week basis.
Drilling Program. 6.1 The Program Acreage identified and reserved by Dolphin shall consist of a minimum of thirty-two (32) drill site spacing units with the expectation of being able to drill two (2) Wells per spacing unix xxx a total of sixty-four
