Common use of Oil and Gas Operations Clause in Contracts

Oil and Gas Operations. Except as provided in Schedule 4.25, all Xxxxx operated by Seller have been drilled, completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable leases, pooling and unit agreements, joint operating agreements and Laws, except for such practices and non-compliance as have not had, and would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

AutoNDA by SimpleDocs

Oil and Gas Operations. Except as provided in Schedule 4.253.8, to Seller’s Knowledge, (a) all Xxxxx operated by Seller have been drilled, completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable leases, pooling and unit agreements, joint operating agreements and Laws, except and (b) all Xxxxx and Equipment have been properly maintained and are suitable for such practices and nontheir intended purposes. Xxxxx are currently shut-compliance as have not had, and would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effectin.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Maxwell Resources, Inc.), Asset Purchase Agreement (Maxwell Resources, Inc.)

AutoNDA by SimpleDocs

Oil and Gas Operations. Except as provided in Schedule 4.253.8, to Seller’s Knowledge, (a) all Xxxxx operated by Seller have been drilled, completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all material respects with applicable leases, pooling and unit agreements, joint operating agreements and Laws, except and (b) all Xxxxx and Equipment have been properly maintained and are suitable for such practices and non-compliance as have not had, and would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effecttheir intended purposes.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Exco Resources Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!