Common use of Termination of Operations Clause in Contracts

Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, or plugging of a well, including but not limited to the Initial Well, the operation shall not be terminated without consent of parties bearing 51% of the costs of the operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then apply to the operation, as appropriate.

Appears in 4 contracts

Samples: Joint Operating Agreement, Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)

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Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the well such operation shall not be terminated without consent of parties bearing 51% one-hundred percent (100 %) of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. VI.B or VI.E. shall then thereafter apply to the such operation, as appropriate.

Appears in 3 contracts

Samples: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)

Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the such operation shall not be terminated without consent of parties bearing 5150% of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then thereafter apply to the such operation, as appropriate. A. A.P.L. FORM 610 -- MODEL FORM OPERATING AGREEMENT - 1989

Appears in 2 contracts

Samples: Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)

Termination of Operations. Upon On the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, or plugging of a well, including but not limited to the Initial Well, the operation shall not be terminated without consent of parties Parties bearing 5180% of the costs of the operation; provided, however, that in the event if granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, then Operator may discontinue operations and give notice of the condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. VI.B or VI.E. VI.E shall then apply to the operation, as appropriate.

Appears in 2 contracts

Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)

Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the such operation shall not be terminated without consent of parties bearing 5150% of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then thereafter apply to the such operation, as appropriate.

Appears in 2 contracts

Samples: Purchase and Sales Agreement, Purchase and Sales Agreement (Imperial Petroleum Inc)

Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the such operation shall not be terminated without consent of parties bearing 5190% of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then thereafter apply to the such operation, as appropriate.

Appears in 1 contract

Samples: Working Interest Acquisition and Development Agreement (Explortex Energy Inc.)

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Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the such operation shall not be terminated without consent of parties bearing 5150 % of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders tenders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided in Article VI.B.1Vl.B. 1, and the provisions of Article VI.B. or VI.E. shall then thereafter apply to the such operation, as appropriate. A. A.P.L. FORM 610 — MODEL FORM OPERATING AGREEMENT- 1989

Appears in 1 contract

Samples: Operating Agreement (Belden & Blake Corp /Oh/)

Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the such operation shall not be terminated without consent of parties bearing 5150% of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then thereafter apply to the such operation, as appropriate. A. A.P.L. FORM 610 — MODEL FORM OPERATING AGREEMENT — 1989

Appears in 1 contract

Samples: Operating Agreement (EV Energy Partners, LP)

Termination of Operations. Upon the commencement of an operation for the drilling, Reworkingreworking, Sidetracking, Plugging Back, Deepening, testing, Completion, Completion or plugging of a well, including but not limited to the Initial Well, the such operation shall not be terminated without consent of parties bearing 5151 % of the costs of the such operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the such condition in the manner provided provide in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then thereafter apply to the such operation, as appropriate.

Appears in 1 contract

Samples: Farmout Agreement (PetroSouth Energy Corp.)

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