Priority of Operations Clause Samples

Priority of Operations. 24 10.8.3 Second Opportunity to Participate .............................................................24 10.8.4 Operations by Fewer Than All Parties ..........................................................25 10.8.5

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of forty-five percent (45%) or more, then the approved operation with the lowest number as indicated below shall take precedence:

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by (___) or more Participating Parties having a combined Working Interest of percent (___%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.) _____ Additional Testing, coring, or logging. (If conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take precedence, and in the event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.) _____ Complete at the Objective Horizon. _____ Complete above the Objective Horizon. (If conflicting proposals are approved, the operation proposed to the deepest/shallowest depth shall take precedence.) _____ Deepen. (If conflicting proposals are approved, the operation proposed to the deepest/shallowest depth shall take precedence.)

Priority of Operations. For 1982 Agreement Proprietary Technology – Horizontal Well – Restriction on Disclosure Provisions for JOA ’82 Revised Relinquishment Provision – All Offset ▇▇▇▇▇ Relinquishment Provision – Exploratory Well Relinquishment Provision – Horizontal Well Rights of Operator Against a Defaulting Party (Pre 1989 Agreements) Seismic Data and Operations Well Proposal (To Avoid Multiple Well Proposals)

Priority of Operations. The Parties acknowledge and agree that, absent mutual agreement by the Parties, each Work Program and Budget during the Obligatory Expenditure Work Program shall target and prioritize the following matters in descending chronological order, and any disagreement between the Parties involving operations shall be resolved, as applicable, by reference to the following matters:

Priority of Operations. If no Participant elects to complete the Initial Test Well, or to attempt any other operation in the well bore, the Operator shall plug and abandon the well at the cost of the Participants, in the same proportions as their {A0046234.DOC} share of the cost of the Initial Test Well. For that purpose Operator shall have the right to access the funds escrowed for completion, and shall refund any excess. If any Participant does desire to perform any other operations within the well bore, the priority of operations set forth in the JOA shall apply.