Common use of SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE Clause in Contracts

SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE. Unless otherwise agreed in writing by Lessor, on or before the date that is three (3) years after expiration of the Primary Term or cessation of Continuous Drilling Operations, whichever is later, Lessee will commence on the Production Acreage designated pursuant to Section 8.e below, Drilling Operations on three (3) oil or gas xxxxx targeting development of the “Shallow Rights,” which means, for the purposes of this Lease, all zones from the surface down to one hundred feet (100’) above the top of the stratigraphic equivalent of the deepest formation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is later. Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage during each successive twelve (12) month period until Lessee fully develops the Shallow Rights pursuant to Section 8.c. above. If Lessee fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d., the Lease will terminate as to those Shallow Rights depths (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) in the Shallow Rights), Lessee will promptly prepare and deliver to Lessor a “Partial Release of Lease” document, and upon Lessor’s approval of such document, Lessee will execute and file the Partial Release of Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. will be determined according to Sections 8.b. and 8.c. of this Lease.

Appears in 1 contract

Samples: Oil and Gas Lease

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SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE. Unless otherwise agreed in writing by Lessor, on or before the date that is three (3) years after the expiration of the Primary Term or cessation of Continuous Drilling Operations, whichever is laterTerm, Lessee will commence on the Production Acreage designated pursuant to Section 8.e below, Drilling Operations on three (3) oil or gas xxxxx on the Production Acreage targeting development of the “Shallow Rights,” which means, for the purposes of this Lease, all zones from the surface down to one hundred feet (100’) above the top of the stratigraphic equivalent of the deepest formation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is laterTerm. Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage during each successive twelve (12) month period until Lessee Xxxxxx fully develops the Shallow Rights pursuant to Section 8.c. aboveRailroad Commission rules. If Lessee Xxxxxx fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d., the Lease will terminate as to those Shallow Rights depths (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) and acreage not included in the Shallow Rights)Production Acreage, Lessee will promptly prepare and deliver to Lessor a Partial Release of Lease” document, and upon Lessor’s approval of such document, Lessee will execute and file the Partial Release of Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. 8.d will be determined according to Sections 8.b. 8.b and 8.c. 8.c of this Lease.

Appears in 1 contract

Samples: utlands.utsystem.edu

SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE. Unless otherwise agreed in writing by Lessor, on or before the date that is three (3) years after expiration of the Primary Term or cessation of Continuous Drilling Operations, whichever is later, Lessee will commence on the Production Acreage designated pursuant to Section 8.e below, for each well Drilling Operations on three (3) oil or gas xxxxx targeting development of the “Shallow Rights,” which means, for the purposes of this Lease, all zones from the surface down to one hundred feet (100’) above the top of the stratigraphic equivalent of the deepest formation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is later. Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage for each well during each successive twelve (12) month period until Lessee Xxxxxx fully develops the Shallow Rights pursuant to Section 8.c. aboveRailroad Commission rules on each such Production Acreage. If Lessee Xxxxxx fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d.. for any Production Acreage, the Lease will terminate as to those Shallow Rights depths within such Production Acreage (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) in the Shallow Rights), Lessee will promptly prepare and deliver to Lessor a “Partial Release of Lease” document, and upon Lessor’s approval of such document, Lessee Xxxxxx will execute and file the Partial Release of Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. will be determined according to Sections 8.b. and 8.c. of this Lease.

Appears in 1 contract

Samples: www.universitylands.org

SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE. Unless otherwise agreed in writing by Lessor, on or before the date that is three (3) years after expiration of the Primary Term or cessation of Continuous Drilling Operations, whichever is later, Lessee will commence on the Production Acreage designated pursuant to Section 8.e below, for each well Drilling Operations on three (3) oil or gas xxxxx targeting development of the “Shallow Rights,” which means, for the purposes of this Lease, all zones from the surface down to one hundred feet (100’) above the top of the stratigraphic equivalent of the deepest formation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is later. Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage for each well during each successive twelve (12) month period until Lessee fully develops the Shallow Rights pursuant to Section 8.c. aboveRailroad Commission rules on each such Production Acreage. If Lessee fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d.. for any Production Acreage, the Lease will terminate as to those Shallow Rights depths within such Production Acreage (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) in the Shallow Rights), Lessee will promptly prepare and deliver to Lessor a “Partial Release of Lease” document, and upon Lessor’s approval of such document, Lessee will execute and file the Partial Release of Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. will be determined according to Sections 8.b. and 8.c. of this Lease.

Appears in 1 contract

Samples: 198.147.139.105

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SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE. Unless otherwise agreed in writing by Lessor, on or before the date that is three (3) years after the expiration of the Primary Term or cessation of Continuous Drilling Operations, whichever is laterTerm, Lessee will commence on the Production Acreage designated pursuant to Section 8.e below, Drilling Operations on three (3) oil or gas xxxxx on the Production Acreage targeting development of the “Shallow Rights,” which means, for the purposes of this Lease, all zones from the surface down to one hundred feet (100’) above the top of the stratigraphic equivalent of the deepest formation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is laterTerm. Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage during each successive twelve (12) month period until Lessee fully develops the Shallow Rights pursuant to Section 8.c. aboveRailroad Commission rules. If Lessee fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d., the Lease will terminate as to those Shallow Rights depths (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) and acreage not included in the Shallow Rights)Production Acreage, Lessee will promptly prepare and deliver to Lessor a Partial Release of Lease” document, and upon Lessor’s approval of such document, Lessee will execute and file the Partial Release of Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. 8.d will be determined according to Sections 8.b. 8.b and 8.c. 8.c of this Lease.

Appears in 1 contract

Samples: www.utlands.utsystem.edu

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