Exploratory Operations. Operations on the LEASES, which are scheduled for an objective zone, horizon or formation: (1) which has not been established as producible on the LEASE under 2.18 below; or, (2) which is already established as producible on the LEASE under 2.18 below, but such objective zone, horizon or formation will be penetrated at a location more than 2,000 feet from the nearest bottom hole location on the LEASE at which such objective has been proved producible, or such objective is mutually agreed to be in a separate fault block.
Appears in 3 contracts
Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC), Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy L Fund LLC)
Exploratory Operations. Operations on the LEASES, which are scheduled for an objective zone, horizon or formation:
(1) which has not been established as producible on the LEASE LEASES under 2.18 below; or,
(2) which is already established as producible on the LEASE Leases under 2.18 below, but such objective zone, horizon or formation will be penetrated at a location more than 2,000 feet from the nearest bottom hole location on the LEASE Lease at which such objective has been proved producible, or such objective is mutually agreed to be in a separate fault block.
Appears in 2 contracts
Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC), Joint Operating Agreement (Ridgewood Enengy K Fund LLC)
Exploratory Operations. Operations on the LEASES, LEASE which are scheduled for an objective zone, horizon or formation:
(1) which has not been established as producible on the LEASE under 2.18 2.16 below; or,
(2) which is already established as producible on the LEASE under 2.18 below, but such objective zone, horizon or formation will be penetrated at a location more than 2,000 feet from the nearest bottom hole location on the LEASE at which such objective has been proved producible, or such objective is mutually agreed to be in a separate fault block.LEASE
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Exploratory Operations. Operations on the LEASESLEASE, which are scheduled for an objective zone, horizon or formation:
(1) which has not been established as producible on the LEASE under 2.18 below; or,
(2) which is already established as producible on the LEASE Lease under 2.18 below, but such objective zone, horizon or formation will be penetrated at a location more than 2,000 feet from the nearest bottom hole location on the LEASE Lease at which such objective has been proved producible, or such objective is mutually agreed to be in a separate fault block.
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