Well Status Sample Clauses

Well Status. There are no Xxxxx located on the Properties that: (a) Seller is currently obligated by law or contract to plug and abandon; (b) Seller will not be obligated by law or contract to plug or abandon with the lapse of time or notice or both because the Well is not currently capable of producing in commercial quantities; (c) are subject to exceptions to a requirement to plug and abandon issued by a regulatory authority having jurisdiction over the Properties; or, (d) to the best knowledge of Seller, have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction over the Properties.
AutoNDA by SimpleDocs
Well Status. Except as set forth in Schedule 6.13, there are no xxxxx located on the Assets that: (a) Seller is obligated by Law or contract to currently plug and abandon; or (b) to the extent plugged and abandoned, have not been plugged in accordance with applicable material requirements of each Governmental Entity having jurisdiction over the Assets.
Well Status. To the Knowledge of Laramie, there are no xxxxx located on the Laramie Assets that: (a) Laramie is obligated by Law or contract to currently plug and abandon; or (b) have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction of the Laramie Assets.
Well Status. As of the date of this Agreement, the Partnership's accrued plugging and abandonment liabilities are less than $100,000 with respect to all wellx xxxated on the Oil and Gas Properties that (i) Titan is currently obligated by law or contract to presently plug and abandon; (ii) Titan will be obligated by law or contract to plug and abandon with the lapse of time or notice or both because the well is not currently capable of producing Substances in commercial quantities or otherwise currently being used in normal operations; (iii) are subject to exceptions to a requirement to plug and abandon issued by a regulatory authority having jurisdiction over the Oil and Gas Properties; or (iv) to the best knowledge of Titan, have been plugged and abandoned but have not been plugged in accordance in all material respects with all applicable requirements of each regulatory authority having jurisdiction over the Oil and Gas Properties.
Well Status. There are no xxxxx included in the Assets that (a) Seller is obligated by law or contract to currently plug and abandon or (b) are subject to exceptions to a requirement to plug and abandon issued by a governmental authority.
Well Status. To the Knowledge of Delta, there are no xxxxx located on the Delta Assets that: (a) Delta is obligated by Law or contract to currently plug and abandon; or (b) have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction of the Delta Assets.
Well Status. Except as set forth in Schedule 4.18, to Noble’s Knowledge, there are no xxxxx located on the Leasehold Interests that: (a) Noble is currently obligated by law or contract to plug and abandon; or (b) have been plugged and abandoned but have not been plugged or reclaimed in accordance with all applicable requirements of each Governmental Entity having jurisdiction over the Assets.
AutoNDA by SimpleDocs
Well Status. To the Knowledge of Sellers, as of the date of this Agreement, with respect to Assets for which a Seller is the operator, there are no Existing Xxxxx that (i) a Seller is currently obligated by law or contract to presently plug and abandon, or (ii) to Sellers' Knowledge, have been plugged and abandoned but have not been plugged in accordance in all material respects with all applicable requirements of each regulatory authority having jurisdiction over the Assets.
Well Status. Except as set forth in Schedule 7.14, to the Knowledge of Emerald, there are no wxxxx located on the Emerald Assets that: (a) Emerald is obligated by Law or contract to currently plug and abandon; or (b) to the extent plugged and abandoned, have not been plugged in accordance with applicable material requirements of each Governmental Entity having jurisdiction over the Emerald Assets.
Well Status. To Seller’s Knowledge, all xxxxx are listed on Schedule I hereto and there are no xxxxx located on the Oil and Gas Properties that: (a) Seller is currently obligated by law or contract to plug and abandon; (b) Seller will be obligated by law or contract to plug or abandon with the lapse of time or notice or both because the well is not currently capable of producing in commercial quantities; or (c) have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction over the Properties.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!