DRILLING SLOTS Sample Clauses

DRILLING SLOTS a) The term "Drilling Slot", when used in this Drilling Contract, shall be that period of time, not to exceed ninety (90) days (except as provided in Section 2.4(c) below), that is required to mobilize the rig to a drill site, drill one or more wellx (xxcluding partial wellx), xnd demobilize the rig to the point where all anchors have been bolstered and the rig has moved at least one hundred (100) yards from the utilizing Party's well location. Operator's respective Drilling Slots shall commence upon transfer of the rig to Operator (as described in Section 19.10(ii)) and shall cease upon transfer of the rig by Operator to the other Sharing Party, another operator or to Contractor for stacking (as referenced in Section 19.10(i).
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