Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Thousand Dollars ($10,000.00) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, or Plugging Back of a well that has been previously authorized by or pursuant to this Agreement; provided, however, that, in case of explosion, fire, flood, or other sudden emergency, whether of the same or different nature, Operator may take the steps and incur the expenses as in its opinion are required to deal with the emergency to safeguard life and property, but Operator, as promptly as possible, shall report the emergency to the other Parties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Thousand Dollars ($10,000.00). Any Party who has not relinquished its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx or to conduct additional work with respect to a well drilled or other similar project (but not including the installation of gathering lines or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Parties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.C.1, which shall be governed exclusively by those Articles). Operator shall deliver the proposal to all Parties entitled to participate. If within thirty (30) days of the proposal, Operator secures the written consent of any Party or Parties owning at least 50% of the interests of the Parties entitled to participate in the operation, each Party having the right to participate in the project shall be bound by the terms of the proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the project pursuant to the terms of the proposal.
Appears in 2 contracts
Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)
Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Two Hundred Fifty Thousand Dollars ($10,000.00250,000) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, or Plugging Back of a well that has been previously authorized by or pursuant to this Agreementagreement; provided, however, that, in case of explosion, fire, flood, or other sudden emergency, whether of the same or different nature, Operator may take the steps and incur the expenses as in its opinion are required to deal with the emergency to safeguard life and property, but Operator, as promptly as possible, shall report the emergency to the other Partiesparties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Two Hundred Fifty Thousand Dollars ($10,000.00250,000). Any Party who has not relinquished relinquishes its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx or to conduct additional work with respect to a well drilled or other similar project (but not including the installation of gathering lines or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Partiesparties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D VI.D. (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.B.1. or VI.C.1. Option No. 2, which shall be governed exclusively by those Articles). Operator shall deliver the proposal to all Parties parties entitled to participate. If within thirty (30) days of the proposal, Operator secures the written consent of any Party or Parties parties owning at least 5051% of the interests of the Parties parties entitled to participate in the operation, each Party having the right to participate in the project shall be bound by the terms of the proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the project pursuant to the terms of the proposal.
Appears in 2 contracts
Samples: Joint Operating Agreement, Operating Agreement (New Source Energy Corp)
Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Thousand Twenty-five thousand Dollars ($10,000.0025,000.00) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, Recompleting or Plugging Back of a well that has been previously authorized by or pursuant to this Agreementagreement; provided, however, that, in case of explosion, fire, flood, flood or other sudden emergency, whether of the same or different nature, Operator may take the such steps and incur the such expenses as in its opinion are required to deal with the emergency to safeguard life and property, property but Operator, as promptly as possible, shall report the emergency to the other Partiesparties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Thousand Twenty-five thousand Dollars ($10,000.0025,000.00). Any Party party who has not relinquished its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx or to conduct additional work with respect to a well drilled hereunder or other similar project (but not including the installation of gathering lines or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Partiesparties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D VI.D. (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.C.1VI.B.1. or VI.C.
1. Option No. 2, which shall be governed exclusively by those Articles). Operator shall deliver the such proposal to all Parties parties entitled to participateparticipate therein. If within thirty (30) days of the proposal, thereof Operator secures the written consent of any Party party or Parties parties owning at least 50% of the interests of the Parties parties entitled to participate in the such operation, each Party party having the right to participate in the such project shall be bound by the terms of the such proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the such project pursuant to the terms of the proposal.
Appears in 2 contracts
Samples: Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)
Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Two Hundred Fifty Thousand Dollars ($10,000.00250,000) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, or Plugging Back of a well that has been previously authorized by or pursuant to this Agreement; provided, however, that, in case of explosion, fire, flood, or other sudden emergency, whether of the same or different nature, Operator may take the steps and incur the expenses as in its opinion are required to deal with the emergency to safeguard life and property, but Operator, as promptly as possible, shall report the emergency to the other Partiesparties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Two Hundred Fifty Thousand Dollars ($10,000.00250,000). Any Party party who has not relinquished relinquishes its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx or to conduct additional work with respect to a well drilled or other similar project (but not including the installation of gathering lines or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Partiesparties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D VI.D. (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.B.1. or VI.C.1. Option No. 2, which shall be governed exclusively by those Articles). Operator shall deliver the proposal to all Parties parties entitled to participate. If within thirty (30) days of the proposal, Operator secures the written consent of any Party party or Parties parties owning at least 5051% of the interests of the Parties parties entitled to participate in the operation, each Party party having the right to participate in the project shall be bound by the terms of the proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the project pursuant to the terms of the proposal.
Appears in 2 contracts
Samples: Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)
Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Thirty Thousand Dollars ($10,000.00$ 30,000.00) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, Recompleting or Plugging Back of a well that has been previously authorized by or pursuant to this Agreementagreement; provided, however, that, in case of explosion, fire, flood, flood or other sudden emergency, whether of the same or different nature, Operator may take the such steps and incur the such expenses as in its opinion are required to deal with the emergency to safeguard life and property, property but Operator, as promptly as possible, shall report the emergency to the other Partiesparties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Thirty Thousand Dollars ($10,000.00( $ 30,000.00). Any Party party who has not relinquished its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx or to conduct additional work with respect to a well drilled hereunder or other similar project (but not including the installation of gathering lines liens or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Partiesparties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D VI.D. (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.B.1. or VI.C.1. Option No. 2, which shall be governed exclusively by those Articles). Operator shall deliver the such proposal to all Parties parties entitled to participateparticipate therein. If within thirty (30) days of the proposal, thereof Operator secures the written consent of any Party party or Parties parties owning at least 5051 % of the interests of the Parties parties entitled to participate in the such operation, each Party party having the right to participate in the such project shall be bound by the terms of the such proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the such project pursuant to the terms of the proposal...
Appears in 1 contract
Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Thousand ___Twenty-five thousand Dollars ($10,000.00$ 25,000.00) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, Recompleting or Plugging Back of a well that has been previously authorized by or pursuant to this Agreementagreement; provided, however, that, in case of explosion, fire, flood, flood or other sudden emergency, whether of the same or different nature, Operator may take the such steps and incur the such expenses as in its opinion are required to deal with the emergency to safeguard life and property, property but Operator, as promptly as possible, shall report the emergency to the other Partiesparties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Thousand Twenty-five thousand Dollars ($10,000.00$ 25,000.00). Any Party party who has not relinquished its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx wxxxx or to conduct additional work with respect to a well drilled hereunder or other similar project (but not including the installation of gathering lines or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Parties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D VI.D. (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.B.1. or VI.C.1. Option No. 2, which shall be governed exclusively by those Articles). Operator shall deliver the such proposal to all Parties parties entitled to participateparticipate therein. If within thirty (30) days of the proposal, thereof Operator secures the written consent of any Party party or Parties parties owning at least 5050 % of the interests of the Parties parties entitled to participate in the such operation, each Party party having the right to participate in the such project shall be bound by the terms of the such proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the such project pursuant to the terms of the proposal.
Appears in 1 contract
Other Operations. Operator shall not undertake any single project reasonably estimated to require an expenditure in excess of Ten Thousand Twenty-five thousand Dollars ($10,000.0025,000.00) except in connection with the drilling, Sidetracking, Reworking, Deepening, Completing, Recompleting, Recompleting or Plugging Back of a well that has been previously authorized by or pursuant to this Agreementagreement; provided, however, that, in case of explosion, fire, flood, flood or other sudden emergency, whether of the same or different nature, Operator may take the such steps and incur the such expenses as in its opinion are required to deal with the emergency to safeguard life and property, property but Operator, as promptly as possible, shall report the emergency to the other Partiesparties. If Operator prepares an AFE for its own use, Operator shall furnish any Non-Operator so requesting an information copy thereof for any single project costing in excess of Ten Thousand Twenty-five thousand Dollars ($10,000.0025,000.00). Any Party party who has not relinquished its interest in a well shall have the right to propose that Operator perform repair work or undertake the installation of artificial lift equipment or ancillary production facilities such as salt water disposal xxxxx wxxxx or to conduct additional work with respect to a well drilled hereunder or other similar project (but not including the installation of gathering lines or other transportation or marketing facilities, the installation of which shall be governed by separate agreement between or among the Partiesparties) reasonably estimated to require an expenditure in excess of the amount first set forth above in this Article VI.D VI.D. (except in connection with an operation required to be proposed under Articles VI.B.1 and VI.B.1. or VI.C.1. Option No. 2, which shall be governed exclusively by those Articles). Operator shall deliver the such proposal to all Parties parties entitled to participateparticipate therein. If within thirty (30) days of the proposal, thereof Operator secures the written consent of any Party party or Parties parties owning at least 50% of the interests of the Parties parties entitled to participate in the such operation, each Party party having the right to participate in the such project shall be bound by the terms of the such proposal and shall be obligated to pay its proportionate share of the costs of the proposed project as if it had consented to the such project pursuant to the terms of the proposal.
Appears in 1 contract