Wxxxx Sample Clauses

Wxxxx. Except as set forth on Schedule 5.13, there is no Well included in the Assets that: (i) Seller or any of its affiliates is obligated on the date of this Agreement by law or agreement to cause to be immediately plugged and abandoned; and (ii) to the knowledge of Seller, has been plugged and abandoned other than in compliance in all material respects with law.

Wxxxx. To Seller’s knowledge, except for matters which would not materially and adversely affect the operation or value of any material portion of the Assets (a) all of the Wxxxx described on Exhibit A have been drilled and completed at approved legal locations within the boundaries of the appropriate Lands and Units; (b) all drilling and completion of the Wxxxx and all development and operations of the Properties have been conducted in all respects in material compliance with applicable laws, ordinances, rules, regulations, permits, and judgments, orders and decrees of any court or governmental body or agency, including but not limited to Environmental Laws; and (c) no Well is subject to penalties on allowables after the date hereof because of any production in violation of applicable laws, rules, regulations, permits or judgments, orders or decrees of any court or governmental entity which would prevent such Well from being entitled to its full legal and regular allowance from and after the date hereof as prescribed by any court or governmental entity.

Wxxxx. Schedule 4.10 sets forth the status as of March 1, 2006 of each of the Wxxxx included in the Assets. The mechanical condition of such Wxxxx does not deviate materially from the well bore schematics made available to Buyer in the data room.

Wxxxx. (i) With respect to all Wxxxx drilled and completed by the Seller, and (ii) with respect to all Wxxxx drilled and completed by any person not the Seller, to Seller’s Knowledge, all such Wxxxx, with respect to clauses (i) and (ii), have been drilled and completed within the limits permitted by all applicable Leases or Contracts.

Wxxxx. All oil, condensate or natural gas wxxxx, water source wxxxx, and water and other types of injection wxxxx either located on the Oil and Gas Properties or used or held for use in connection with the Oil and Gas Properties under a Surface Contract, whether producing, operating, shut-in or temporarily abandoned (the “Wxxxx”).

Wxxxx. To the best knowledge of Seller, the Wxxxx set forth in Schedule 2 (the “Existing Wxxxx”) are the only wxxxx located on the Lands that have not been plugged and abandoned as of the Effective Time.

Wxxxx. (a) Section 2.1(d) of the Seller Disclosure Schedule sets forth a true, correct and complete list of all Wxxxx owned by the Sellers for use in connection with the Business as of the Execution Date. All Wxxxx operated by the Sellers and, to the Knowledge of the Sellers, all Wxxxx operated by third parties in which the Sellers have a working interest, have been drilled and completed at locations, and within the limits, permitted by Governmental Body, all applicable leases, contracts, and pooling, spacing or unit agreements. Section 2.1(d) of the Seller Disclosure Schedule indicates the Wxxxx in which any Seller is the operator of as of the Execution Date. There is no pending vote, or any outstanding request for a vote (whether written or oral), to have any Seller removed as operator of any of the Wxxxx for which any Seller is currently designated as the operator. (b) No Well is subject to penalties on allowables due to overproduction prior to the Execution Date or any other violation of Law. (c) Except as set forth on Section 5.18(c) of the Seller Disclosure Schedule, there are no Wxxxx that: (i) Seller is currently obligated by any applicable Law or Contract to currently plug, dismantle or abandon; or (ii) have been plugged, dismantled, or abandoned in a manner that does not comply in all respects with applicable Law or Contract. (d) Section 5.18(d) of the Seller Disclosure Schedule contains a list of all Wxxxx operated by Sellers that are inactive as of the Execution Date. All Wxxxx included in the Purchased Assets that are being utilized as water supply or salt water disposal wxxxx are properly permitted and equipped for such operations.

Wxxxx. To Seller’s Knowledge, (i) all wxxxx have been drilled and completed within the limits permitted by all applicable Leases and Contracts, (ii) no well is subject to penalties on allowables after the Effective Time because of any overproduction or any other violation of Laws, and (iii) there are not any wxxxx, equipment or other facilities located on the Assets that (A) Seller or the operator of the Oil and Gas Properties is obligated by any Laws or contract to currently plug, dismantle and/or abandon, or (B) have been plugged, dismantled or abandoned in a manner that does not comply in all material respects with Laws. To Seller’s Knowledge, all currently producing Wxxxx are in an operable state of repair adequate to maintain normal operations in accordance with the methods and practices of a prudent operator of oil and gas properties in Kxxxxx County, Texas, ordinary wear and tear excepted, and, without limiting the foregoing, do not contain junk or other obstructions which could reasonably be expected to materially interfere with drilling, completion, and recompletion, stimulation, or other operations on, with respect to, or affecting the Assets.

Wxxxx. To Seller’s knowledge, (i) all of the wxxxx in which Seller has an interest by virtue of its ownership in the Assets have been drilled and completed within the boundaries of the related Subject Interest or within the limits otherwise permitted by contract, pooling or unit agreement, and by Law, and (ii) all drilling and completion of the wxxxx included in each Subject Interest and all development and operations on such Subject Interest are being conducted in compliance in all material respects with all applicable Laws and permits, and judgments, orders and decrees of any Governmental Authority. To Seller’s knowledge, no well included on any Subject Interest is subject to material penalties on allowables after the date hereof because of any overproduction or any other violation of applicable Laws or permits or judgments, orders or decrees of any Governmental Authority that would prevent in any material respect such well from being entitled to its full legal and regular allowable from and after the date hereof as prescribed by any Governmental Authority. Notwithstanding anything herein provided to the contrary, this Section 5.19 does not apply to environmental matters (for which Section 5.13 is applicable).

Wxxxx. Xxxxx Manufacturing Corp.