Test Well. 3.1 On or before March 31, 2009 or a date mutually agreed to by the parties and subject to Force Majeure (as such term is defined hereafter), Newfield will commence, or cause to be commenced, drilling operations on (a) [REDACTED (“Redacted Test Well”), (b) [REDACTED (“Redacted Test Well”), and (c) [REDACTED] (“Redacted Test Well”) (the Redacted Test Well, the Redacted Test Well, and the Redacted Test Well are sometimes individually referred to as the “Test Well”) or collectively referred to as the “Test Xxxxx”). Each Test Well shall be drilled to the total depth listed in the Authority for Expenditure (“AFE”) for such Test Well, or a depth sufficient to test the stratigraphic equivalent of the formation listed in AFE for such Test Well, whichever is lesser (“Objective Depth”).
Test Well. A. Subject to permitting, rig availability, and events of force majeure (as set out in Section 11), Foothills Petroleum Operating, Inc. (hereinafter referred to as “Operator”) shall use best efforts to commence, or cause to be commenced drilling operations for a Test Well on the Prospect on or before January 31, 2017 (“Contract Spud Date”), to the following bottom hole location: NE/4 of Section 5, T9S-R11W, Calcasieu Parish, Louisiana; XY coordinates: X = 1314375 and Y = 605000 NAD 27–Louisiana South. Failure by Participant to commence, or cause to be commenced, drilling operations for a Test Well on or before the Contract Spud Date despite Participant’s best efforts or as a result of an incident of Force Majeure shall not result in a termination of this Agreement or Participant’s rights and obligations hereunder. Said Test Well shall be drilled to the lesser depth of (i) a total vertical depth of 8,300 feet beneath the surface of the ground or (ii) a depth sufficient to test the stratigraphic equivalent of the Nodosaria blanpiedi sand, top of which is found at the measured depths of 8,490 feet (MD) on the electric log of the Labokay Corp 5 Well No. 1 (API No. 1701922252, Serial No. 242300), 17,000 feet total depth, located in Section 4, Xxxxxxxx 0X, Xxx 00X, Xxxxxxxxx Xxxxxx, Xxxxxxxxx (“Contract Depth”) and thereafter evaluated in accordance with good oil field practices, and depending on the outcome of said evaluation, Operator shall either plug and abandon the Test Well or make a recommendation for a completion attempt. Should Operator make a recommendation for a completion attempt and not recommend to plug and abandon the Test Well, it is agreed and understood that Participant shall pay to Seller the sum of One Hundred Eighty Thousand Dollars ($180,000.00) within thirty (30) days of the Casing Point Election as defined in the OA, which amount shall be considered and construed to be geological and geophysical costs. Prior to the commencement of drilling operations for the Test Well, Operator shall deliver to Seller an Authority for Expenditure (“AFE”) setting forth the estimated costs and expenses in connection with the drilling of the Test Well to Contract Depth (the “Estimated Dry Hole Costs”), which shall include a line item of Twenty-Five Thousand Dollars ($25,000.00) (“Spud Fee”). Seller agrees to pay the Spud Fee if and when it becomes payable under the Lxxxxx Seismic Agreement. Except as provided herein, all operations on the Test Well shall be ...
Test Well. 3.1 Newfield will commence drilling operations for the [REDACTED] No. 1 Well (“Test Well”) on or before December 1, 2008. The Test Well is planned to be drilled in accordance with Newfield’s AFE No. 16964 attached hereto as Exhibit “B” (“AFE”). The Test Well will be drilled to an approximate depth of 17,254’ MD 17,000 TVD, or a depth sufficient to test the “Cib Op Sands”, whichever depth is shallower (“Contract Depth”).
Test Well. (a) On or before June 1, 2012 Farmee shall, subject to rig availability, surface accessibility and regulatory approval and in accordance with Article 3.00 of the Farmout & Royalty Procedure, spud the Test Well at I 02/05-29-033-02W4/00 on the Farmout Lands and continuously drill down to Contract Depth. Farmee shall while drilling to Contract Depth cut two full bore cores one each from the Viking and Xxxxxx formations. Farmee shall also run a DST in the Viking formation. In the event that hydrocarbons are noted in the core and geological cuttings in the Xxxxxx, a DST will then be run in the Xxxxxx. A decision will be mutually reached between the parties whether or not to continue with drilling a lateral in the Xxxxxx section. If the Xxxxxx formation proves non-productive or uneconomic, Farmee shall cut a window to enable for the drilling of a lateral into the Viking formation. In either event, the proposed lateral would be drilled to a minimum of 1,000 meters to a maximum of 1,200 meters of horizontal length. In either event, the total measured depth of the Test Well shall be 1,950 meters for the Test Well. Fannee shall complete the Test Well in the Xxxxxx or Viking formation within the Farmout Lands prospective of containing petroleum and natural gas and equip or abandon same.
Test Well. 3.1 Farmee shall, at its sole cost, risk and expense, and subject to having obtained a rig, all necessary surface access and Regulatory approvals, Spud the Test Well at a location of its choice on the Farmout Lands on or before 150 days following the execution hereof and drill the Test Well to Contract Depth.
Test Well. Farmee shall, on or before March 15, 2005, subject to surface access, regulatory approvals and rig availability, commence drilling a well (hereinafter referred to as the “Test Well”) at a location of its choice on the Farmout Lands and shall continuously and diligently drill the Test Well to Contract Depth and complete, cap or abandon same at its sole cost, risk and expense. Farmee shall conduct all operations hereunder in accordance with good oilfield practices and in strict compliance with the terms of the Title Documents, this Agreement and the Regulations.
Test Well a) As between the parties comprising Farmee, all operations with respect to the Test Well shall be subject to the provisions of the Operating Procedure as amended by the Head Agreement. Damascus shall be appointed initial Operator. If the Farmee elects to drill the Test Well pursuant to clause 4, it shall spud the Test Well at a mutually agreeable location on the Farmout Lands within 90 days of making such election and shall then diligently and continuously drill the Test Well to Contract Depth at its sole cost. In the event surface access to the drill site cannot be reasonably obtained by the required date because of surface conditions, weather conditions, rig availability or regulatory approval, Farmee shall, before the required date, advise Farmor in writing, of the reasons why access cannot be obtained. Farmor shall, thereupon, grant an extension to the commencement date which shall be reasonable under the circumstances. If production of petroleum substances in paying quantities is indicated, Farmee shall equip the Test Well and thereafter use its best efforts to produce and dispose of the said substances.
Test Well. On or before April 30, 2008, El Paso, as "Operator", will commence, or cause to be commenced, drilling operations on the Test Well, the estimated cost of which is described in the Authorization for Expenditure ("AFE") attached as Exhibit "A" and thereafter continuously prosecute the drilling of the Test Well in a good and workmanlike manner to Casing Point. "Casing Point" shall mean that point in time when the well has reached its Objective Depth, or such other depth as may be mutually agreed by the Parties, and all logs, cores and other tests have been completed that in the opinion of the Operator are sufficient to make a determination concerning the running of production casing or the plugging and abandonment of the well, and the results thereof have been furnished to the Participants together with Operator's recommendation. The Test Well will be drilled as a vertical well from a surface location that is approximately 2,195 feet from the North line and 4,690 feet from the West line of South Marsh Island Area Block 213 to (i) 16,500 feet TVD (16,500 feet MD) xx (xi) a depth sufficient to test the Rob L section, as seen on the Array Induction-GR log of the McMoRan Xxxxx Marsh Island 217 #223 Well between the depths of 13,900' and 16,100' XX, whichever is the lesser depth (the "Objective Depth"). Participation Agreement (State Lease 19499)
Test Well. For the purposes of this Agreement, the Test Well shall be defined as the initial well drilled on the North Franklin Prospect under the terms of this Agreement. Operator shall notify each Participant of the projected spud date of the Test Well not more than thirty (30) days prior to that date. Each Participant shall, not later than ten (10) days following receipt of said notice, advance its Participation Share of one hundred percent (100%) of said Test Well’s estimated AFE drilling costs to Operator. Operator shall promptly commence and diligently continue with the actual drilling of the proposed Test Well after the receipt of all the Test Well’s drilling costs. In the event any Participant fails to so advance the drilling funds for the Test Well, Xxxxxx may, at its option, terminate this Agreement in its entirety as to that Participant by delivering to such Participant a written notice of termination. In the event this Agreement is so terminated, said Participant shall forfeit all funds previously paid to Xxxxxx and have no rights or obligations under this Agreement, except any obligations accruing prior to such termination.
Test Well a) If Unigeo and GEOCAN elect to drill a Test Well they will spud the Test Well at a location of their choice on the Rostin Block and will then diligently and 6 Letter Agreement Page 6 ---------------- continuously, at their sole cost, risk and expense drill a well, log, test, and Complete or Abandon the same in accordance with the terms and conditions of this Agreement and the Czech Republic regulations.
