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.
Appears in 6 contracts
Sources: Limited Partnership Agreement (Primeenergy Corp), Undivided Interest Agreement (Beta Oil & Gas Inc), Joint Operating Agreement (Ridgewood Enengy K Fund LLC)