Common use of Properties; Oil and Gas Matters Clause in Contracts

Properties; Oil and Gas Matters. (a) All major items of operating equipment owned or leased by Pinnacle or its Subsidiaries in connection with the operation of its Oil and Gas Properties are, in the aggregate, in a state of repair so as to be adequate in all material respects for reasonably prudent operations in the areas in which they are operated, except as have not had and are not reasonably likely to have, individually or in the aggregate, a Pinnacle Material Adverse Effect.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Quest Resource Corp), Agreement and Plan of Merger (Quest Resource Corp), Agreement and Plan of Merger (Pinnacle Gas Resources, Inc.)

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Properties; Oil and Gas Matters. (a) All major items of operating equipment owned or leased by Pinnacle Parent or its Subsidiaries in connection with the operation of its Oil and Gas Properties subsidiaries are, in the aggregate, in a state of repair so as to be adequate in all material respects for reasonably prudent operations in the areas in which they are operated, except as have not had and are not reasonably likely to havewould not, individually or in the aggregate, have a Pinnacle Parent Material Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Plains Exploration & Production Co), Agreement and Plan of Merger (Pogo Producing Co)

Properties; Oil and Gas Matters. (a) All major items of operating equipment owned or leased by Pinnacle Parent or its Subsidiaries in connection with the operation of its Oil and Gas Properties subsidiaries are, in the aggregate, in a state of repair so as to be adequate in all material respects for reasonably prudent operations in the areas in which they are operated, except as have not had and are not reasonably likely to havewould not, individually or in the aggregate, be reasonably expected to have a Pinnacle Parent Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mariner Energy Inc)

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Properties; Oil and Gas Matters. (a) All major items of operating equipment owned or leased by Pinnacle the Company or its Subsidiaries in connection with the operation of its Oil and Gas Properties subsidiaries are, in the aggregate, in a state of repair so as to be adequate in all material respects for reasonably prudent operations in the areas in which they are operated, except as have not had and are not reasonably likely to havewould not, individually or in the aggregate, be reasonably expected to have a Pinnacle Company Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mariner Energy Inc)

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