Operations by All Parties. If all Parties elect to participate in the proposed operation, Operator shall conduct the operation at their cost and risk.
Operations by All Parties. 22 10.4 Second Opportunity to Participate ................................................................22 10.5 Operations by Fewer Than All Parties .............................................................22 10.6 Expenditures Approved ............................................................................23 10.7
Operations by All Parties. Any PARTY may propose a DEVELOPMENT OPERATION, including any platform required by such operations, by notifying the other PARTIES. If all PARTIES elect to participate in the proposed operation, OPERATOR shall conduct such operation for the benefit of the PARTIES at their cost and risk.
Operations by All Parties. Any PARTY may propose an EXPLORATORY WELL by notifying the other PARTIES. If all the PARTIES agree to participate in drilling the proposed well, OPERATOR shall drill same for the benefit of all PARTIES.
Operations by All Parties. Any Party may propose that a well be drilled, recompleted, deepened, or plugged back as a Development Operation by notifying the other Parties. If all Parties elect to participate in the proposed operation, Operator shall conduct such operation for the account of all Parties.
Operations by All Parties. Any Party may propose an Exploratory Well by notifying the other Parties. If all the Parties agree to participate in drilling the proposed well, Operator shall drill same for the joint account of the Parties within one-hundred twenty (120) days of the end of the election date(s).
Operations by All Parties. Any Party may propose Development Well Operations, including any Platform or Facilities required by such operations, by notifying the other Parties. If all Parties elect to participate in the proposed operation, Operator shall conduct such operations for the joint account of the Parties.
Operations by All Parties. If all Parties elect to participate in the proposed operation, Operator shall conduct the operation at their cost and risk. ST/WD EPA JOA 31
Operations by All Parties. If all Parties elect to participate in the proposed operation, Operator shall conduct the operation at their cost and risk. Second Opportunity to Participate If there are more than two (2) Parties to this Agreement and if fewer than all but (___) or more Parties having a combined Working Interest of percent (___%) or more elect to participate, then the proposing Party shall notify the Parties of the elections made, whereupon a Party originally electing not to participate may then elect to participate by notifying the proposing Party within (___) hours, [ ] inclusive [ ] exclusive of Saturdays, Sundays, and federal holidays, after receipt of such notice. If all Parties elect to participate in the proposed operation, Operator shall conduct the operation at their cost and risk. If there are only two (2) Parties to this Agreement, then there shall not be a second opportunity to elect to participate, and if the Participating Party agrees to pay and bear one hundred percent (100%) of the costs and risks of the operation, then the Operator, subject to Article 4.2 (Substitute Operator), shall conduct the operation as a Non-consent Operation for the benefit of the Participating Party, and the provisions of Article 13 (Non-consent Operations) shall apply.
Operations by All Parties. (Alternative 3) 40
