IPS POD. The work plans for the development and operation for the unitized land set forth in Paragraphs 4.1.1 through 4.1.4 shall constitute the drilling and operating obligations under Section 10 of the PTUA until May 1, 2017, unless IPS Project Start-up has not occurred due to factors outside the control of the WIOs under Paragraph 4.2.3 or force majeure under Paragraph 4.14, then until one year following IPS Project Start-up. The Unit Operator shall submit an annual report by March 1 of each year describing the operations conducted during the preceding year, but otherwise shall not be required to update the plan under 11 AAC 83.343.
Appears in 4 contracts
Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement
