Common use of Well Status Clause in Contracts

Well Status. Except as set forth in Schedule 6.13, there are no ▇▇▇▇▇ 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.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

Well Status. Except as set forth in Schedule 6.136.19, there are no ▇▇▇▇▇ located on the Assets Properties that: (a) Seller is obligated by Law or contract to currently plug and abandon; or (b) to the extent have been plugged and abandoned, abandoned but have not been plugged in accordance with all applicable material requirements of each Governmental Entity regulatory authority having jurisdiction over the AssetsProperties.

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Plains Exploration & Production Co)

Well Status. Except as set forth in Schedule 6.136.16, to the Knowledge of Seller, there are no ▇▇▇▇▇ located on the Assets that: (a) Seller is not obligated by Law or contract to currently plug and abandon; or (b) to the extent have been plugged and abandoned, abandoned but have not been plugged in accordance with all applicable material requirements of each Governmental Entity regulatory authority having jurisdiction over the Assets.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Delta Petroleum Corp/Co)