Common use of Trades Clause in Contracts

Trades. Operator may, with approval of the Operating Committee, make well trades and data trades for the benefit of the Parties, with any data so obtained to be furnished to all Parties who participated in the cost of the data that was traded. Operator shall cause any third party to such trade to enter into an undertaking to keep the traded data confidential.

Appears in 11 contracts

Samples: Joint Operating Agreement (Tamboran Resources Corp), Joint Operating Agreement (Discovery Energy Corp.), Farmout Agreement (Hyperdynamics Corp)

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Trades. Notwithstanding the foregoing provisions of this Article XV, Operator may, with approval of the Operating Committee, make well trades and data trades for the benefit of the Parties, with any data so obtained to be furnished to all Parties who participated in the cost of the data that was traded. Operator shall cause any third party to such trade to enter into an undertaking to keep the traded data confidential.

Appears in 5 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)

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Trades. Operator may, with approval of the Operating CommitteeCommittee and subject to the Contract, make well trades and data trades for the benefit of the Parties, with any data so obtained to be furnished to all Parties who participated in the cost of the data that was traded. Operator shall cause any third party to such trade to enter into an undertaking to keep the traded data confidential.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

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