Common use of Subsequent Drilling and Development Operations Clause in Contracts

Subsequent Drilling and Development Operations. After drilling and completion of the Obligation Xxxxx, all subsequent xxxxx ("Subsequent Xxxxx") and subsequent operations with respect to the Obligation Xxxxx shall be proposed in accordance with the Operating Agreement and the provisions of this Agreement with Participant being responsible for its Participant Interest, subject to any elections to not participate in the Operating Agreement.

Appears in 3 contracts

Samples: Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.)

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Subsequent Drilling and Development Operations. After drilling and completion of the Obligation Xxxxx, all subsequent xxxxx ("β€œSubsequent Xxxxx"”) and subsequent operations with respect to the Obligation Xxxxx shall be proposed in accordance with the Operating Agreement and the provisions of this Agreement with Participant being responsible for its Participant Interest, subject to any elections to not participate in the Operating Agreement.

Appears in 2 contracts

Samples: Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.)

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