Oil and Gas. In connection with the mining of any coal on properties where Lessor owns the coal rights and on which there exist any abandoned and/or active oil and gas xxxxx, if Lessor and Lessee mutually agree that it is economically beneficial to mine through any such xxxxx, then Lessor and Lessee agree that each will pay (i) one half of the costs of plugging any abandoned oil or gas xxxxx, and (ii) one half of the costs of plugging, re-drilling and restoring production (including piping relocation) in the case of any active oil and gas xxxxx.
Appears in 13 contracts
Samples: Option Amendment, Option Exercise and Membership Interest Purchase Agreement (Armstrong Coal Company, Inc.), Coal Mining Lease and Sublease (Armstrong Coal Company, Inc.), Option Amendment, Option Exercise and Membership Interest Purchase Agreement (Armstrong Energy, Inc.)
