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. 27 11.4 Second Opportunity to Participate ................................................................27 11.5 Operations by Fewer Than All Parties .............................................................27 11.6 Expenditures Approved ............................................................................28 11.7
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. 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. 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. 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. If all Parties elect to participate in the proposed operation, Operator shall conduct the operation at their cost and risk. 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. 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 at their cost and risk. If a mobile drilling rig is not already on location as a result of a prior Exploratory or Development Operation and the proposal ("Original Proposal") has not already been approved, then any Party may submit an alternate well proposal for consideration within ten (10) days after receiving the Original Proposal to drill a well. If one or more alternate proposals have been submitted in accordance with the foregoing, then the Operator shall call a meeting of the Parties to be held within seven (7) days following receipt of the alternate proposal(s), at which the Parties shall determine by majority vote in interest which proposal shall be considered by the Joint Account. In the event that no proposal receives support of a majority in interest, then the proposal receiving the greatest support shall prevail. In the event of a tie between two or more proposals, then the proposal (including the Original Proposal) supported by the largest number of Parties shall prevail. Each Party having the right to participate in the proposal so selected shall make its election whether to join in the drilling of such well within fifteen (15) days after the meeting was held. If drilling of such well is not commenced within one hundred twenty (120) days after the last applicable election date, the effect shall be the same as if the proposal had not been made; however, the one hundred twenty (120) day period shall automatically be extended for an additional period, not to exceed sixty (60) days, as may be necessary, in order to obtain all applicable required regulatory permits, so long as applications for such required permits were properly filed within thirty (30) days after the last applicable election date. Drilling operations shall be deemed to have commenced on the date rig charges begin according to the terms of the drilling contract.
