Operations by Fewer Than All Parties. Except for a DEVELOPMENT WELL(S) under Section 12.7, if fewer than all PARTIES, but one (1) or more PARTIES having NOT LESS THAN forty percent (40%) WORKING INTEREST approves a DEVELOPMENT OPERATION; OPERATOR shall conduct such operation pursuant to Article XII. If such operations are to be conducted from an existing platform, the operations participated in by all of the PARTIES shall have preference, unless otherwise agreed to by the PARTIES hereto.
Appears in 3 contracts
Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy L Fund LLC), Joint Operating Agreement (Ridgewood Energy K Fund LLC)
Operations by Fewer Than All Parties. Except for a DEVELOPMENT WELL(S) under Section 12.7, if fewer than all PARTIES, but one (1) or more PARTIES having NOT LESS THAN forty a combined WORKING INTEREST of twenty percent (4020%) WORKING INTEREST approves or more approve a DEVELOPMENT OPERATION; OPERATOR shall conduct such operation pursuant to Article XII. If such operations are to be conducted from an existing platform, the operations participated in by all of the PARTIES shall have preference, unless otherwise agreed to by the PARTIES hereto.
Appears in 2 contracts
Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC), Joint Operating Agreement (Ridgewood Enengy K Fund LLC)
Operations by Fewer Than All Parties. Except for a DEVELOPMENT WELL(S) under Section 12.7, if fewer than all PARTIES, but one (1) or more PARTIES having NOT LESS THAN forty a combined WORKING INTEREST of fifty percent (4050%) WORKING INTEREST approves or more approve a DEVELOPMENT OPERATION; , OPERATOR shall conduct such operation pursuant to Article XII. If such operations are to be conducted from an existing platform, the operations participated in by all of the PARTIES shall have preference, unless otherwise agreed to by the PARTIES hereto.
Appears in 2 contracts
Samples: Undivided Interest Agreement (Beta Oil & Gas Inc), Oil and Gas Lease Agreement (Beta Oil & Gas Inc)
Operations by Fewer Than All Parties. Except for a DEVELOPMENT WELL(S) under Section 12.7, if fewer than all PARTIES, but one (1) or more PARTIES having NOT LESS THAN forty a combined WORKING INTEREST of fifty-one percent (4051%) WORKING INTEREST approves or more approve a DEVELOPMENT OPERATION; OPERATOR shall conduct such operation pursuant to Article XII. If such operations are to be conducted from an existing platform, the operations participated in by all of the PARTIES shall have preference, unless otherwise agreed to by the PARTIES hereto.
Appears in 1 contract
