Common use of Termination On Abandonment Of Xxxxx Clause in Contracts

Termination On Abandonment Of Xxxxx. Subject to the preceding Clause of this Head Agreement and Clause 1.14 of the Operating Procedure, this Agreement shall terminate with respect to the Pooled Lands and the associated Pooled Substances when the Pooled Well is Abandoned, provided that this termination shall not affect any residual obligations respecting Operations or other activities conducted or required to be conducted hereunder, including reclamation or future remediation of the affected surface rights and payment of any amounts owing hereunder. For the purposes of this Clause, insofar as the Pooled Well is used for operations outside the Pooled Lands due to the application of Article 12.00 of the Operating Procedure, that wellbore shall no longer be governed by this Agreement.

Appears in 3 contracts

Samples: Horizontal Well Pooling Agreement, Horizontal Well Pooling Agreement, Horizontal Well Pooling Agreement

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Termination On Abandonment Of Xxxxx. Subject to the preceding Clause of this Head Agreement and Clause 1.14 of the Operating Procedure, this Agreement shall terminate with respect to the Pooled Lands and the associated Pooled Substances when the Pooled Well wellbore of each well governed by this Agreement is Abandoned, provided that this termination shall not affect any residual obligations respecting Operations or other activities conducted or required to be conducted hereunder, including reclamation or future remediation of the affected surface rights and payment of any amounts owing hereunder. For the purposes of this Clause, insofar as the Pooled Well any wellbore is used for operations outside the Pooled Lands due to the application of Article 12.00 of the Operating Procedure, that wellbore shall no longer be governed by this Agreement.

Appears in 3 contracts

Samples: Pooling Agreement, Pooling Agreement, Pooling Agreement

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