Platform Salvage and Removal Costs. When the Parties owning wells, Platforms and/or Development Facilities unanimously agxxx xo dispose of the wells, Platforms and/or Development Facilities, it shall be dxxxxxed of by Operator in the time and manner approved by the Parties. The costs, risks, and net proceeds, if any, for the disposal shall be shared by the Parties in proportion to their Participating Interests therein.
Appears in 4 contracts
Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Offshore Operating Agreement (Ridgewood Energy P Fund LLC), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
Platform Salvage and Removal Costs. When the Parties owning wells, Platforms and/or Development Facilities Xxxxlities unanimously agxxx xo agree to dispose of the wells, Platforms and/or Development Facilities, it shall be dxxxxxed disposed of by Operator in the time and manner approved by the Parties. The costs, risks, and net proceeds, if any, for the disposal shall be shared by the Parties in proportion to their Participating Interests therein.
Appears in 1 contract
Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)
Platform Salvage and Removal Costs. When the Parties owning wells, Platforms and/or Development Processing Facilities unanimously agxxx xo dispose agree to dxxxxxe of the wells, Platforms and/or Development Processing Facilities, it shall be dxxxxxed of by disposed xx xx Operator in the time and manner approved by the Parties. The costs, risks, and net proceeds, if any, any for the disposal shall be shared by the Parties in proportion to their Participating Interests therein.
Appears in 1 contract
Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)
