Common use of Prospects Clause in Contracts

Prospects. Exhibit "A" lists Prospects initially to be acquired by the Partnership, and its proportionate working interest in each Prospect. Most xxxxx to be drilled by the Partnerships will be offsets to producing xxxxx. Therefore, it is unlikely that a well drilled on a Prospect will prove up any additional acreage outside the Prospect. If a Partnership well does prove up additional acreage, PDC will assign the Partnership a proportionate interest in such spacing units.

Appears in 12 contracts

Samples: Drilling and Operating Agreement (PDC 2002 B LTD Partnership), Drilling and Operating Agreement (PDC 2002 C LTD Partnership), Drilling and Operating Agreement (PDC 2003-D Lp)

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Prospects. Exhibit "A" lists Prospects initially to be acquired by the Partnership, and its proportionate working interest in each Prospect. Most xxxxx wxxxx to be drilled by the Partnerships will be offsets to producing xxxxxwxxxx. Therefore, it is unlikely that a well drilled on a Prospect will prove up any additional acreage outside the Prospect. If a Partnership well does prove up additional acreage, PDC will assign the Partnership a proportionate interest in such spacing units.

Appears in 2 contracts

Samples: Drilling and Operating Agreement (PDC 2003-C Lp), And Operating Agreement (PDC 2003 Drilling Program)

Prospects. Exhibit "A" lists Prospects initially to be acquired by the Partnership, and its proportionate working interest in each Prospect. Most xxxxx to be drilled by the Partnerships will be offsets to producing xxxxx. Therefore, it is unlikely that mat a well drilled on a Prospect will prove up any additional acreage outside the Prospect. If a Partnership well does prove up additional acreage, PDC will assign the Partnership a proportionate interest in such spacing units.

Appears in 1 contract

Samples: Drilling and Operating Agreement (PDC 2004-B Limited Partnership)

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Prospects. Exhibit "A" lists Prospects initially to be acquired by the Partnership, and its proportionate working interest in each Prospect. Most xxxxx to be drilled by the (he Partnerships will be offsets to producing xxxxx. Therefore, it is unlikely that a well drilled on a Prospect will prove up any additional acreage outside the Prospect. If a Partnership well does prove up additional acreage, PDC will assign the Partnership a proportionate interest in such spacing units.

Appears in 1 contract

Samples: Form of Drilling and Operating Agreement (PDC 2005-a Limited Partnership)

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