Common use of Priority of Operations Clause in Contracts

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 one (1) 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: (Indicate the order of preference.) 1 Additional Testing, coring, or logging. (if conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take

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 one (1) or more Participating Parties having a combined Working Interest of forty-five forty percent (4540%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.) 1 Additional Testing, coring, or logging. (if conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take:

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 one two (12) or more Participating Parties having a combined Working Interest of forty-five fifty percent (4550%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.) 1 Additional Testing, coring, or logging. (if conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take:

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 one two (12) 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: (Indicate the order of preference.) 1 Additional Testing, coring, or logging. (if conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take: