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 ("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 2 contracts

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

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Subsequent Drilling and Development Operations. After drilling and completion of the Obligation XxxxxWell(s), all subsequent xxxxx wxxxx ("Subsequent Xxxxx"Wxxxx”) and subsequent operations with respect to the Obligation Xxxxx Wxxxx shall be proposed in accordance with the Operating Agreement and the provisions of this Agreement with Participant being responsible for its Participant InterestInterest or Reversionary Working Interest as the case may be, subject to any elections to not participate in the Operating Agreement.

Appears in 1 contract

Samples: Participation Agreement (Rancher Energy Corp.)

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