Prudent Operator Standard. (a) El Paso will conduct and carry on or cause to be conducted and carried on the exploration, development, maintenance and operation of the Subject Xxxxx with reasonable and prudent business judgment and in accordance with sound oil and gas field practices. Without limitation of the foregoing, prior to commencement of drilling operations on any Subject Well, El Paso will obtain a drilling title opinion or, in the case of a drillsite which is held by production, conduct such other title review and related due diligence as would be consistent with sound oil and gas field practices for the location and nature of such drillsite and related Subject Well.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Nabors Industries LTD), Purchase and Sale Agreement (Nabors Industries LTD)
Prudent Operator Standard. (a) El Paso will conduct and carry on or cause to be conducted and carried on the exploration, development, maintenance and operation of the Subject Xxxxx Wells with reasonable and prudent business judgment and in accordance with accordancx xxxh sound oil and gas field practices. Without limitation of the foregoing, prior to commencement of drilling operations on any Subject Well, El Paso will obtain a drilling title opinion or, in the case of a drillsite which is held by production, conduct such other title review and related due diligence as would be consistent with sound oil and gas field practices for the location and nature of such drillsite and related Subject Well.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Vermejo Minerals Corp), Purchase and Sale Agreement (Vermejo Minerals Corp)