Planned Well definition
Examples of Planned Well in a sentence
The Parties shall work (at their own cost and expense) together in good faith to obtain such Permits as are necessary to drill and complete each Planned Well and construct the required extensions of the System to each Planned Separator Facility (and each Planned Well, as applicable) as expeditiously as reasonably practicable, all as provided in this Agreement.
From time to time, Producer may provide notice to Midstream Co that Producer has accelerated the Target On-Line Date for a Planned Well or Planned Separator Facility (any such Well or Separator Facility, an “Additional/Accelerated Well”).
From time to time, Producer may provide notice to Midstream Co that Producer (i) has delayed the Target On-Line Date for a Planned Well or Planned Separator Facility, (ii) subject to Section 3.2(d), anticipates eliminating a Planned Well or Planned Separator Facility from its development plans and the Development Report, or (iii) anticipates shutting in a Well or Separator Facility that has been producing.
If Shipper so pays Gatherer and later completes a Well at such Planned Well Pad, or if such facilities are later used to connect a completed Well at a different Planned Well Pad or for a third party, Gatherer shall refund to Shipper such amount paid by Shipper, and Shipper shall retransfer such rights and facilities to Gatherer.
The Parties shall (each at its own cost and expense) work together in good faith to obtain such Permits as are necessary to drill and complete each Planned Well and Planned Separator Facility and construct and install the required Modifications of the System to provide Services for all Dedicated Production from each Planned Separator Facility and each Planned Well, as applicable, as expeditiously as reasonably practicable, all as provided in this Agreement.
Such Connection Notice shall be deemed to have been given for each such Planned Well 180 Days prior to such Target Completion Date.
Gatherer shall provide Shipper notice promptly upon Gatherer’s becoming aware of any reason to believe that it may not be able to connect a Planned Well Pad to the Gathering System by the Target Completion Date therefor or to otherwise complete all facilities necessary to provide the full scope of Services with respect to all Dedicated Production from ▇▇▇▇▇ on such Planned Well Pad by the Target Completion Date therefor.
As soon as Midstream Co determines that an expansion of the Individual System or connection of a Planned Well or Planned Separator Facility to the System will not be economic or that continuing to provide Services at existing facilities has been rendered uneconomic, Midstream Co shall communicate the same to Producer.
Such Connection Notice shall be deemed to have been given for each such Planned Well 180 Days prior to such Target Commencement Date.
Antero Water shall provide Producer notice promptly upon Antero Water’s becoming aware of any reason to believe that it may not be able to connect a Planned Well Pad to the Fresh Water System by the Target Commencement Date therefor or to otherwise complete all facilities necessary to provide the full scope of Fresh Water Services with respect to the Fresh Water Delivery Points at such Planned Well Pad by the Target Commencement Date therefor.