Common use of Obligation to Complete and Equip Clause in Contracts

Obligation to Complete and Equip. XxxxXxxxx shall, at XxxxXxxxx’x sole cost and expense, (a) attempt to complete in the Target Formation each Development Well that reasonably appears to XxxxXxxxx, acting in accordance with the Reasonably Prudent Operator Standard, to be capable of producing Minerals in quantities sufficient to pay completion, equipping and operating costs, (b) equip for production each Development Well that is successfully completed and, when it is equipped and connected to a gathering line, pipeline or other storage or marketing facility, commence production, and (c) plug and abandon all Development Xxxxx that are unsuccessful to the extent required by applicable law.

Obligation to Complete and Equip. XxxxXxxxx shall, at XxxxXxxxx’x sole cost and expense, (a) attempt to complete in the Target Formation each Development Well that reasonably appears to XxxxXxxxx, acting in accordance with the Reasonably Prudent Operator Standard, to be capable of producing Minerals in quantities sufficient to pay completion, equipping and operating costs, (b) equip for production each Development Well that is successfully completed and, when it is equipped and connected to a gathering line, pipeline or other storage or marketing facility, shall commence production, and (c) plug and abandon all Development Xxxxx that are unsuccessful to the extent required by applicable law.