{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hASB8Jlik9q", "uri": "/contracts/hASB8Jlik9q#wells", "label": "Agreement and Plan of Reorganization (Wells Fargo Variable Trust)", "score": 16.0, "published": true}, {"hash": "8KR1lC6rr3S", "uri": "/contracts/8KR1lC6rr3S#wells", "label": "Agreement and Plan of Reorganization (Wells Fargo Funds Trust)", "score": 16.0, "published": true}, {"hash": "5JqpDzpkVU8", "uri": "/contracts/5JqpDzpkVU8#wells", "label": "Agreement and Plan of Reorganization (Wells Fargo Funds Trust)", "score": 16.0, "published": true}], "snippet_links": [{"key": "as-of-the-closing-date", "type": "clause", "offset": [72, 94]}, {"key": "assistant-secretary", "type": "clause", "offset": [154, 173]}, {"key": "the-acquired-fund", "type": "clause", "offset": [265, 282]}, {"key": "acquired-assets", "type": "definition", "offset": [285, 300]}, {"key": "the-acquiring-fund", "type": "clause", "offset": [326, 344]}, {"key": "investment-objectives", "type": "definition", "offset": [347, 368]}, {"key": "policies-and-restrictions", "type": "clause", "offset": [370, 395]}, {"key": "lawfully-acquired", "type": "definition", "offset": [458, 475]}], "snippet": "Fargo Funds also shall h\u2587\u2587\u2587 \u2587elivered to Registrant a certificate dated as of the Closing Date and executed in its name by its Secretary or Treasurer (or Assistant Secretary or Treasurer), in form reasonably satisfactory to Registrant, stating that it has approved the Acquired Fund's Acquired Assets as being consistent with the Acquiring Fund's investment objectives, policies and restrictions and that the Acquired Fund's Acquired Assets may otherwise be lawfully acquired by the Acquiring Fund.", "size": 4, "hash": "1ff5fa5525e65cdb44ece254da53c8f0", "id": 1}, {"samples": [{"hash": "di13ik6wD2A", "uri": "/contracts/di13ik6wD2A#wells", "label": "Merger Agreement (Texoil Inc /Nv/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "oil-and-gas", "type": "definition", "offset": [103, 114]}, {"key": "boundaries-of-the", "type": "clause", "offset": [168, 185]}, {"key": "unit-agreement", "type": "definition", "offset": [264, 278]}, {"key": "drilling-and-completion", "type": "clause", "offset": [305, 328]}, {"key": "plugging-and-abandonment", "type": "definition", "offset": [334, 358]}, {"key": "development-and-operations", "type": "clause", "offset": [382, 408]}, {"key": "compliance-with-all-applicable-laws", "type": "clause", "offset": [468, 503]}, {"key": "regulations-and-permits", "type": "clause", "offset": [524, 547]}, {"key": "orders-and-decrees", "type": "clause", "offset": [564, 582]}, {"key": "governmental-authority", "type": "definition", "offset": [590, 612]}, {"key": "in-accordance-with", "type": "definition", "offset": [757, 775]}, {"key": "rules-and-regulations", "type": "definition", "offset": [850, 871]}, {"key": "licenses-and-permits", "type": "clause", "offset": [890, 910]}, {"key": "issued-by", "type": "definition", "offset": [911, 920]}, {"key": "governmental-authorities", "type": "definition", "offset": [921, 945]}, {"key": "subject-to", "type": "definition", "offset": [998, 1008]}, {"key": "violation-of-applicable-laws", "type": "clause", "offset": [1100, 1128]}, {"key": "date-hereof", "type": "clause", "offset": [1346, 1357]}, {"key": "as-prescribed", "type": "definition", "offset": [1358, 1371]}], "snippet": "To Texoil's Knowledge, (i) all of the Texoil Wells which have b\u2587\u2587\u2587 \u2587rilled and completed on the Texoil Oil and Gas \u2587\u2587\u2587\u2587\u2587ests have been drilled and completed within the boundaries of the Texoil Leases or within the limit otherwise permitted by contract, pooling or unit agreement and by laws; (ii) and all drilling and completion, and plugging and abandonment, of such wells and all development and operations on the Texoil Oil and Gas Int\u2587\u2587\u2587\u2587\u2587s have been conducted in compliance with all applicable laws, ordinances, rules, regulations and permits, and judgments, orders and decrees of any governmental authority. To Texoil's Knowledge, there are no wells located on the Texoil Leases (other than the Texoil Wells) which \u2587\u2587\u2587\u2587 not been plugged and abandoned in accordance with al\u2587 \u2587\u2587\u2587s, statutes, ordinances, decrees, requirements, orders, judgments, rules and regulations of, including all licenses and permits issued by governmental authorities. To Texoil's Knowledge, none of the Texoil Wells is subject to penalty or reduced allowables after the date hereo\u2587 \u2587\u2587\u2587ause of any overproduction or other violation of applicable laws, rules, regulations or permits or judgments, orders or decrees of any governmental authority which would prevent any of such Texoil Wells from being entitled to its full legal and regular allowable from \u2587\u2587\u2587 after the date hereof as prescribed by any governmental authority.", "size": 2, "hash": "20e2355a75819df7db968246c35ed892", "id": 5}, {"samples": [{"hash": "bBuuADvqa5F", "uri": "/contracts/bBuuADvqa5F#wells", "label": "Asset Purchase Agreement (Mid Power Service Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "of-the-operator", "type": "clause", "offset": [3, 18]}, {"key": "the-assets", "type": "clause", "offset": [62, 72]}, {"key": "unit-agreement", "type": "definition", "offset": [165, 179]}, {"key": "completion-of", "type": "clause", "offset": [213, 226]}, {"key": "in-compliance", "type": "definition", "offset": [300, 313]}, {"key": "in-all-material-respects", "type": "definition", "offset": [314, 338]}, {"key": "all-laws", "type": "clause", "offset": [344, 352]}, {"key": "change-date", "type": "definition", "offset": [373, 384]}, {"key": "subject-to", "type": "definition", "offset": [403, 413]}, {"key": "after-the-effective-time", "type": "clause", "offset": [438, 462]}], "snippet": "As of the Operator Ch\u2587\u2587\u2587\u2587 Date, each of the wells included in the Assets \u2587\u2587\u2587 been drilled and completed within the acreage limits permitted by contract, pooling, or unit agreement and by Law, and all drilling and completion of such wells and all related develo\u2587\u2587\u2587\u2587\u2587 and operations had been conducted in compliance in all material respects with all Laws. As of the Operator Change Date, no such well was subject to penalties on allowables after the Effective Time because of any overproduction.", "size": 1, "hash": "59699c769763b384f432da757311ba22", "id": 6}, {"samples": [{"hash": "fU2Zo3HOROG", "uri": "/contracts/fU2Zo3HOROG#wells", "label": "Purchase and Sale Agreement (International PetroReal Oil CORP)", "score": 18.0, "published": true}], "snippet_links": [], "snippet": "1) ...... OCS-G 3194 A-1 2) ...", "size": 1, "hash": "35f2c7baa42a5c622d0dbe6db7065757", "id": 10}, {"samples": [{"hash": "EVQP01Zq0F", "uri": "/contracts/EVQP01Zq0F#wells", "label": "Purchase and Sale Agreement (Cri Hotel Income Partners L P)", "score": 23.0191649555, "published": true}, {"hash": "bKLEkzs3j4a", "uri": "/contracts/bKLEkzs3j4a#wells", "label": "Purchase and Sale Agreement (Cri Hotel Income Partners L P)", "score": 22.6988364134, "published": true}], "snippet_links": [{"key": "relating-to", "type": "definition", "offset": [36, 47]}, {"key": "of-seller", "type": "clause", "offset": [110, 119]}, {"key": "actual-knowledge", "type": "definition", "offset": [122, 138]}], "snippet": "Other than certai\u2587 \u2587\u2587\u2587itoring wells relating to the en\u2587\u2587\u2587\u2587\u2587mental remediation, Seller represents, to the best of Seller\u2019s actual knowledge, that there are no wells located at the Pro\u2587\u2587\u2587\u2587\u2587.", "size": 2, "hash": "1fc5823136e6bf347776ae64de065280", "id": 4}, {"samples": [{"hash": "fQ1dyrrxTzx", "uri": "/contracts/fQ1dyrrxTzx#wells", "label": "Purchase and Sale Agreement (Pease Oil & Gas Co /Co/)", "score": 18.0, "published": true}, {"hash": "aJrbtm6UOsR", "uri": "/contracts/aJrbtm6UOsR#wells", "label": "Purchase and Sale Agreement (Pease Oil & Gas Co /Co/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "natural-gas", "type": "definition", "offset": [23, 34]}, {"key": "water-source", "type": "definition", "offset": [42, 54]}, {"key": "in-connection-with", "type": "clause", "offset": [169, 187]}, {"key": "oil-and-gas-properties", "type": "clause", "offset": [192, 214]}, {"key": "but-excluding", "type": "clause", "offset": [330, 343]}, {"key": "in-accordance-with", "type": "definition", "offset": [455, 473]}, {"key": "rules-or-regulations", "type": "clause", "offset": [478, 498]}, {"key": "regulatory-authority", "type": "definition", "offset": [506, 526]}], "snippet": "All oil, condensate \u2587\u2587 natural gas wells, water source wells, \u2587\u2587\u2587 water and other t\u2587\u2587\u2587\u2587 of injection wells, either located on th\u2587 \u2587\u2587\u2587 and Gas Properties or held for use in connection with the Oil and Gas Properties under a Surface Contract (as hereinafter defined), whether producing, operating, shut-in or temporarily abandoned, but excluding all permanently abandoned wells and all wells that, p\u2587\u2587\u2587\u2587 to the Ef\u2587\u2587\u2587\u2587\u2587ve Time, must be plugged and abandoned in accordance with the rules or regulations of any regulatory authority (the \"Wells\").", "size": 2, "hash": "96bb18d5c02276e71eb6fa6f2005fd26", "id": 3}, {"samples": [{"hash": "fxTltyzehMK", "uri": "/contracts/fxTltyzehMK#wells", "label": "Development Agreement (Energy Corp of America)", "score": 18.0, "published": true}, {"hash": "bNYRmBtaodJ", "uri": "/contracts/bNYRmBtaodJ#wells", "label": "Development Agreement (Energy Corp of America)", "score": 18.0, "published": true}], "snippet_links": [{"key": "prior-to-the", "type": "clause", "offset": [0, 12]}, {"key": "any-other-person", "type": "definition", "offset": [149, 165]}, {"key": "subject-development-lands", "type": "definition", "offset": [192, 217]}, {"key": "development-well", "type": "definition", "offset": [254, 270]}, {"key": "provided-however", "type": "clause", "offset": [282, 298]}, {"key": "violation-of-this-section", "type": "clause", "offset": [401, 426]}, {"key": "compliance-with-section", "type": "clause", "offset": [480, 503]}], "snippet": "Prior to the satisfac\u2587\u2587\u2587\u2587 of Operator's drilling requirements in Section 2.01, Operator shall not, and shall cause its Affiliates not to, nor permit any other Person to, drill any well on the Subject Development Lands in the AMI Areas that will not be a Development Well hereunder; provided however that any Development Well that does not constitute a Completed Development Well shall not be deemed a violation of this Section 2.09, so long as such Development Well is drilled in compliance with Section 2.13.", "size": 3, "hash": "b7d9f6e6610ef69bbd1457c9cd94cf83", "id": 2}, {"samples": [{"hash": "cZeOtjJbEXK", "uri": "/contracts/cZeOtjJbEXK#wells", "label": "Purchase and Sale Agreement (New Frontier Energy Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "all-of-seller", "type": "definition", "offset": [0, 13]}, {"key": "title-and-interest", "type": "clause", "offset": [23, 41]}, {"key": "fixtures-and-improvements", "type": "definition", "offset": [63, 88]}, {"key": "oil-and-gas", "type": "definition", "offset": [127, 138]}, {"key": "the-leases", "type": "clause", "offset": [198, 208]}], "snippet": "All of Seller's right, title and interest i\u2587 \u2587\u2587\u2587 to (including fixtures and improvements) producing, non-producing and shut-in oil and gas wells and saltwater disposal or injection wells lo\u2587\u2587\u2587\u2587\u2587 on the Leases that are described on \u2587\u2587\u2587\u2587\u2587it \"B\" (hereinafter \"Wells\");", "size": 1, "hash": "2d2107bb6dbf82577499e1be43545b01", "id": 7}, {"samples": [{"hash": "7Ytr1MkSRTF", "uri": "/contracts/7Ytr1MkSRTF#wells", "label": "Purchase and Sale Agreement (Meridian Resource Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "oil-and-gas", "type": "definition", "offset": [48, 59]}, {"key": "water-disposal", "type": "clause", "offset": [72, 86]}, {"key": "property-interests", "type": "clause", "offset": [153, 171]}, {"key": "in-connection-with", "type": "clause", "offset": [213, 231]}, {"key": "the-properties", "type": "definition", "offset": [232, 246]}], "snippet": "Producing, non-produc\u2587\u2587\u2587, shut-in and abandoned oil and gas wells, salt water disposal w\u2587\u2587\u2587\u2587, injection wells and w\u2587\u2587\u2587\u2587 wells \u2587\u2587\u2587\u2587\u2587ed on the p\u2587\u2587\u2587\u2587\u2587ty or property interests described in EXHIBIT \"A\" hereto and used in connection with the properties or interests described in subsections (a)-(f) above.", "size": 1, "hash": "760d8a84d04129b7dc3c462ccd28419c", "id": 8}, {"samples": [{"hash": "cL3vArr76kW", "uri": "/contracts/cL3vArr76kW#wells", "label": "Loan and Security Agreement (Ram Energy Inc/Ok)", "score": 18.0, "published": true}], "snippet_links": [{"key": "oil-or-gas-well", "type": "definition", "offset": [5, 20]}, {"key": "oil-and-gas", "type": "definition", "offset": [36, 47]}, {"key": "on-schedule", "type": "definition", "offset": [97, 108]}, {"key": "reserve-report", "type": "definition", "offset": [156, 170]}, {"key": "capable-of", "type": "definition", "offset": [172, 182]}, {"key": "producing-in-paying-quantities", "type": "definition", "offset": [183, 213]}, {"key": "compliance-with-all-applicable-laws", "type": "clause", "offset": [283, 318]}, {"key": "the-production", "type": "clause", "offset": [399, 413]}, {"key": "governmental-entity", "type": "definition", "offset": [442, 461]}, {"key": "tribal-authority", "type": "clause", "offset": [465, 481]}, {"key": "mineral-interests", "type": "definition", "offset": [615, 632]}, {"key": "borrowing-base-entity", "type": "definition", "offset": [638, 659]}, {"key": "with-respect-to", "type": "clause", "offset": [660, 675]}, {"key": "having-a", "type": "definition", "offset": [734, 742]}, {"key": "nymex-value", "type": "definition", "offset": [743, 754]}, {"key": "commercial-quantities", "type": "definition", "offset": [805, 826]}, {"key": "routine-maintenance", "type": "clause", "offset": [1037, 1056]}, {"key": "minor-production", "type": "clause", "offset": [1141, 1157]}, {"key": "each-borrowing", "type": "clause", "offset": [1191, 1205]}, {"key": "producing-wells", "type": "clause", "offset": [1220, 1235]}], "snippet": "Each oil or gas well located on the Oil and Gas Propert\u2587\u2587\u2587 \u2587s: (a) except as otherwise disclosed on Schedule 5.1(b), if such oil or gas well is listed on a Reserve Report, capable of producing in paying quantities, (b) properly permitted, (c) to the best of Borrower's knowledge, in compliance with all applicable Laws, except as otherwise disclosed on Schedule 5.15 attached hereto, and (d) within the production tolerances allocated by the governmental entity or tribal authority having appropriate jurisdiction. Except as otherwise disclosed on Schedule 5.1(b), all of the leaseholds, in which there are located Mineral Interests of a Borrowing Base Entity with respect to which one or more wells are listed on a Reserve Report as having a NYMEX Value of $\u2587\u2587,000 or more, are producing Hydrocarbons in commercial quantities (except for up to 10 wells which otherwise would be producing Hydrocarbons in commer\u2587\u2587\u2587\u2587 quantities that have been off production for not more than 3 months during the immediately preceding 12 month period for routine maintenance, testing or repairs, temporary pipeline interruption, minor reworking operations or minor production enhancement operations). Each of each Borrowing Base Entity's producing wells listed on Schedule 5.1", "size": 1, "hash": "f985416258476fc027ff7fd059d44c79", "id": 9}], "next_curs": "Ck4SSGoVc35sYXdpbnNpZGVyY29udHJhY3RzcioLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig53ZWxscyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [], "title": "Wells", "size": 38, "parents": [["conditions-to-an-acquired-funds-obligations", "CONDITIONS  TO  AN  ACQUIRED  FUND'S  OBLIGATIONS"], ["representations-and-warranties", "Representations and Warranties"], ["representations-and-warranties-of-seller", "Representations and Warranties of Seller"], ["representations-and-warranties-of-the-company", "REPRESENTATIONS AND                           WARRANTIES OF THE COMPANY"], ["sellers-representations-and-warranties", "SELLER'S REPRESENTATIONS AND WARRANTIES"]], "id": "wells", "related": [["pipelines", "Pipelines", "Pipelines"], ["dewatering", "Dewatering", "Dewatering"], ["drainage-systems", "Drainage Systems", "Drainage Systems"], ["underground-facilities", "Underground Facilities", "Underground Facilities"], ["underground-storage-tanks", "Underground Storage Tanks", "Underground Storage Tanks"]], "related_snippets": [], "updated": "2025-07-07T12:35:11+00:00", "also_ask": ["What are the essential elements to include in a 'Wells' clause to protect client interests?", "How can a 'Wells' clause be strategically negotiated to limit admissions or liability?", "What are the most common pitfalls or fatal flaws in drafting 'Wells' clauses?", "How do courts typically interpret and enforce 'Wells' clauses in settlement agreements?", "How does a 'Wells' clause compare to similar provisions in other regulatory or settlement contexts?"], "drafting_tip": "Specify well locations and construction standards to ensure regulatory compliance; define maintenance obligations to prevent operational disputes; require reporting of well status to maintain transparency.", "explanation": "The \"Wells\" clause defines the rights and obligations of the parties regarding the drilling, operation, and maintenance of wells on a property or within a lease area. It typically outlines who is responsible for drilling new wells, maintaining existing ones, and the standards or timelines that must be met. For example, it may specify the minimum number of wells to be drilled, the depth or location requirements, and procedures for plugging or abandoning wells. This clause ensures that both parties understand their respective responsibilities, thereby preventing disputes and ensuring efficient resource development."}, "json": true, "cursor": ""}}