Substitute Wells Sample Clauses

The Substitute Wells clause allows a party, typically an operator in an oil and gas agreement, to replace a designated well with another well under certain conditions. This clause outlines the circumstances under which substitution is permitted, such as when the original well cannot be drilled or completed as planned, and specifies the process for designating and approving the substitute well, including any required notifications or consents. Its core practical function is to provide operational flexibility and ensure that the objectives of the agreement can still be met even if unforeseen issues arise with the original well location.
Substitute Wells. In the event granite, salt, saltwater flow, heaving shale or ▇▇▇▇▇ conditions, including either the loss of the hole or mechanical difficulties, are encountered in the drilling or completing of a Subject Well drilled pursuant to the terms of this Agreement which would render further operations impracticable in the opinion of El Paso, El Paso has the right but not the obligation under this Agreement to commence the actual drilling of a "Substitute Well", at a legal location to the same target objective as the Subject Well after the plugging and abandoning of the Subject Well during the period this Agreement is in place. Such Substitute Well shall become a Subject Well and any reference to the Subject Wells shall include such Substitute Well.
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Substitute Wells. 1▇ Section 3.6 InterOil to Pay Costs........................................................... 10 Section 3.7 Timing; Drilling to Total Depth................................................. 10 Section 3.8 Reports......................................................................... 10 Section 3.9 Disclosure...................................................................... 11
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Substitute Wells. If, during t▇▇ ▇rilling of any well by or on behalf of Assignee during this Term Assignment, the hole is lost or junked before reaching the objective depth, or if Assignee encounters conditions in the hole that render further drilling or completion impractical, Assignee may drill a substitute well if operations for such substitute well are commenced within 60 days after abandonment of the unsuccessful operations.
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Substitute Wells. If, in the drilling of either of the Test W▇▇▇▇ mechanical difficulties arise or impenetrable substances are encountered which render further drilling impossible or impracticable, or in the event said Test Well reaches Contract Depth and is a dry hole, ARMADA shall promptly plug, but shall have the option to commence a substitute well therefore at a location of ARMADA’s choice on the designated Unit within 90 days from the date of such plugging and abandonment. Any substitute well so commence shall drilled to the same depth and in the same manner as is required for the Test Well provided for hereinabove, and the drilling and completion thereof shall have the same effect hereunder as would drilling and completing the Test Well. ARMADA shall have the right to drill as many substitute w▇▇▇▇ as needed to meet the requirements of a Test Well, provided that each such substitute well conforms to the requirement of this section.
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Substitute Wells. If an Initial Commitment ▇▇▇▇ encounters drilling conditions or reservoir conditions in the drilling of the well which in the opinion of a prudent operator would cause the operator to cease drilling and abandon the hole prior to Completion, and Operator abandons the hole for such reasons, Operator shall have the right to spud a substitute well (a "Substitute Well") at the closest practicable location either, at Operator's election, (i) within 30 days following the abandonment or (ii) within 30 days following Completion of the second scheduled Initial Commitment Well. A Substitute Well, if drilled and paid for in the same manner as required by this Agreement, shall constitute an Initial Commitment Well. All of the costs of both the abandoned well and the Substitute Well must be paid by INVESTOR in the manner required by Section 4.01 in order for an Earning Event to occur with respect to the applicable Drilling Unit.
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Substitute Wells. If a Designated Exploration Well cannot successfully be drilled t▇ ▇▇▇al Depth, because of mechanical difficulties or because of encountering a formation or anomalous condition which is customarily considered in the industry to be impenetrable or which would make further drilling impracticable, or for any other cause reasonably beyond the control of InterOil, then InterOil shall, at its option, either (i) drill a substitute well at a location in the immediate vicinity of the location and to the Total Depth established for the Designated Exploration Well whose drilling was abandoned, or (ii) shall designate as a substitute well one of the other Designated Exploration Well(s) or Optional Exploration Well(s) and such substitute well shall be a Designated Exploration Well, as provided herein. If InterOil elects to designate as a substitute well one of the other Designated Exploration Well(s) or Optional Exploration Well(s), then InterOil shall designate an additional Designated Exploration Well or Optional Exploration Well, as appropriate, in accordance with the provisions of Section 3.2 or Section 3.3
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Substitute Wells 
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Related to Substitute Wells

  • Substitute Teaching A teacher on unpaid leave of absence shall be afforded the opportunity to apply for substitute teaching.

  • Substitute Teachers 21.01 A substitute teacher is employed by the Division either to replace a regular teacher or fulfill an assignment which is less than twenty (20) consecutive days in duration. 21.02 Upon commencement of the sixth (6th) day of substitute teaching in the same assignment, a substitute teacher shall be paid for each day taught at the per diem rate (to be calculated as 1/x of the salary to which a teacher of the same qualifications and experience would be entitled under the basic salary schedule of the current collective agreement, where x equals the number of days in the current school year). This rate of pay shall be retroactive to the first day of the teaching assignment and shall continue in effect until the end of that specific teaching assignment. In-service days, administrative days and school closure days shall not constitute a break in the consecutive days for that specific teaching assignment. 21.03 Substitute teachers shall be paid as follows: Daily Rate (including vacation pay) 165.66 ** **Substitute Teacher rates for the 2021/2022 school year will be effective on the date the parties confirm the amount of the COLA adjustment (in January 2022 or as soon as possible thereafter.) Pay relating to the salary earned by substitute teachers during any month shall be forwarded to those teachers not later than the fifteenth (15th) day of the following calendar month. 21.04 Manitoba Teachers’ Society fees and ▇▇▇▇▇▇▇ Teachers’ Association fees shall be deducted from a substitute teacher’s pay. The Association shall indemnify and save harmless the Division from any and all losses, costs, liabilities or expenses suffered or sustained by the Division as a result of any claim or legal action arising from the deduction of local Association fees or Manitoba Teachers’ Society Fees. 21.05 A substitute teacher who has been employed for at least nine (9) consecutive days of substitute teaching in the same assignment in a school year shall be entitled to one (1) day of sick leave with pay for each nine (9) days taught in that assignment. ▇▇▇▇ leave shall not accumulate from assignment to assignment. The use of sick leave with pay shall not constitute an interruption of the substitute teaching assignment. 21.06 If a substitute teacher is absent from a period of substitute teaching on account of bereavement leave granted in accordance with Board practice or policy, and that substitute teacher returns to the same substitute teaching assignment immediately following the period of bereavement, the period of leave shall not constitute an interruption of the substitute teaching assignment. 21.07 The provisions of the Collective Agreement do not apply to substitute teachers except as expressly provided for in Article 21 – Substitute Teachers: Article 1 – Obligation To Act Fairly Article 2 – Purpose

  • Admission of a Substitute or Additional General Partner A Person shall be admitted as a substitute or additional General Partner of the Partnership only if the following terms and conditions are satisfied: (a) the Person to be admitted as a substitute or additional General Partner shall have accepted and agreed to be bound by all the terms and provisions of this Agreement by executing a counterpart thereof and such other documents or instruments as may be required or appropriate in order to effect the admission of such Person as a General Partner, and a certificate evidencing the admission of such Person as a General Partner shall have been filed for recordation and all other actions required by Section 2.5 hereof in connection with such admission shall have been performed; (b) if the Person to be admitted as a substitute or additional General Partner is a corporation or a partnership it shall have provided the Partnership with evidence satisfactory to counsel for the Partnership of such Person’s authority to become a General Partner and to be bound by the terms and provisions of this Agreement; and (c) counsel for the Partnership shall have rendered an opinion (relying on such opinions from other counsel and the state or any other jurisdiction as may be necessary) that the admission of the person to be admitted as a substitute or additional General Partner is in conformity with the Act, that none of the actions taken in connection with the admission of such Person as a substitute or additional General Partner will cause (i) the Partnership to be classified other than as a partnership for federal income tax purposes, or (ii) the loss of any Limited Partner’s limited liability.

  • Substitute Pay When a faculty member is absent and a paid substitute is approved by the area administrator, the substitute will be paid at the appropriate LHE rate.

  • Substitute Checks You agree not to deposit any substitute check or similar item that you have created, or for which no financial institution has provided any substitute check warranties and indemnity. If you do so, you agree to indemnify us for all losses we incur in connection with the substitute check or item. You agree not to deposit any substitute check without our consent.