Plugging and Abandonment definition
Plugging and Abandonment and “Plugged and Abandoned” and “Plug and Abandon” and its derivatives mean all plugging, replugging, abandonment and re-abandonment, equipment removal, disposal, or restoration associated with the properties and assets included in or burdened by the Assets, including all plugging and abandonment, dismantling, decommissioning, Remediation, removal, surface and subsurface restoration, site clearance and disposal of the ▇▇▇▇▇, well cellars, fixtures, flowlines, pipelines, structures, and personal property located on or associated with assets and properties included in the Assets and the lands burdened thereby, the removal and capping of all associated flowlines, field connections, transmission, and gathering lines, pit closures, the restoration of the surface, site clearance, any disposal of related waste materials, excluding NORM and asbestos, and obligations to obtain plugging exceptions for any Well with a current plugging exception, all in accordance with all applicable Laws and the requirements of Governmental Authorities, the terms and conditions of the Leases, Surface Rights and Rights of Way and Contracts.
Plugging and Abandonment means all decommissioning activities and obligations as are required by Laws, contracts associated with the Properties, this Agreement or any Governmental Authority and further including all well plugging, replugging and abandonment; facility dismantlement and removal; pipeline and flowline removal; dismantlement and removal of any and all platforms and other property of any kind related to or associated with operations or activities conducted on the Properties; and site clearance, site restoration and site remediation.
Plugging and Abandonment means all plugging, replugging, abandonment, removal, disposal or restoration associated with the Assets, including, but not limited to, all plugging and abandonment, removal, surface restoration (including without limitation wetlands and ▇▇▇▇▇ restoration), site clearance and disposal of the ▇▇▇▇▇, facilities, structures, fixtures and personal property located on or associated with the Assets (whether placed on an Asset prior to or after the Effective Time), the removal and capping of all associated pipelines, gathering lines and flow lines, the restoration of the surface, site clearance, and any disposal of related waste materials, including without limitation naturally occurring radioactive material (NORM) and asbestos, all in accordance with any applicable law, statute, treaty, rule, code, ordinance, regulation, certificate, order, interpretation, license or permit of any governmental body and the terms and conditions of the Leases and other applicable contractual requirements.
Examples of Plugging and Abandonment in a sentence
Buyer shall conduct all Plugging and Abandonment Obligations and all other operations with respect to the Assets in a good and workmanlike manner and in compliance with all Laws, including Environmental Laws and Laws (now or hereafter in effect) relating to the protection of natural resources.
For the removal of doubt, Buyer’s release under this Article 12.4 does not prevent Buyer from asserting the existence of an Alleged Adverse Condition under Article 5.2 for any condition that, as of a date prior to Closing, violates existing Laws with respect to Plugging and Abandonment operations.
In addition to the Assumed Liabilities, upon Closing Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to all ▇▇▇▇▇ (“Buyer’s Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before or after the Effective Time.
Purchaser shall conduct all Plugging and Abandonment Obligations and all other operations with respect to the Assets in a good and workmanlike manner and in compliance with all Laws, including Environmental Laws and Laws (now or hereafter in effect) relating to the protection of natural resources.
EXHIBIT A-3 Easements and Rights-of-Way EXHIBIT B ▇▇▇▇▇/WI/NRI/Allocated Values EXHIBIT C Contracts EXHIBIT D Surface Use Agreements EXHIBIT E Plugging and Abandonment Obligations EXHIBIT F Assignment, ▇▇▇▇ of Sale and Conveyance EXHIBIT G Buyer’s Certificate EXHIBIT H Seller’s Certificate EXHIBIT I FIRPTA Certificate EXHIBIT J Bonds, etc.
More Definitions of Plugging and Abandonment
Plugging and Abandonment and “Plugged and Abandoned” and its derivatives mean all plugging, replugging, abandonment, re-plugging and re-abandonment, equipment removal, disposal, or restoration associated with the properties and assets included in or burdened by the Company Oil and Gas Properties, including all plugging and abandonment, dismantling, decommissioning, remediation, removal, surface and subsurface restoration, site clearance and disposal of the W▇▇▇▇, well cellars, fixtures, flowlines, pipelines, structures, and personal property located on or associated with assets and properties included in the Company Oil and Gas Properties and the lands burdened thereby, the removal and capping of all associated flowlines, field transmission, and gathering lines, pit closures, the restoration of the surface, site clearance, any disposal of related waste materials and obligations to obtain plugging exceptions for any Well with a current plugging exception, and any other similar obligations imposed under all Laws and the requirements of Governmental Entity, the terms and conditions of the Oil and Gas Leases, the surface rights and the Contracts.
Plugging and Abandonment means all decommissioning activities and obligations as are required by Laws, contracts associated with the Properties, this Agreement, and prudent business practices (expressly including such activities described and defined as of the Effective Time and as may be amended thereafter, in 30 Code of Federal Regulations 250.1700 et seq.) and further including all well plugging, replugging and abandonment; platform dismantlement and removal; facility dismantlement and removal; pipeline and flowline removal; dismantlement and removal of all other property of any kind related to or associated with operations or activities conducted on the Properties; site clearance site restoration and site remediation.
Plugging and Abandonment means any and all costs, expenses and obligations associated with plugging and abandonment of all ▇▇▇▇▇, decommissioning of all facilities, and clearing and restoration of all sites, in each case included in, or associated with, the Assets, in accordance with and in compliance with all laws, rules and regulations of all governmental authorities having jurisdiction, regardless of the fact that plugging and abandonment, decommissioning, site clearance or restoration operations are not completed or that additional costs and expenses are required to complete any such operations. In addition, Plugging and Abandonment shall include any and all costs, expenses and obligations arising out of Environmental Laws (including, without limitation, any compliance or non-compliance therewith, any Adverse Environmental Conditions, and the disposal, release, discharge or emission of Hydrocarbons, hazardous substances, hazardous wastes, hazardous materials, solid wastes, or pollutants into the Environment), known or unknown, with respect to the Assets, regardless of whether such obligations or liabilities arose prior to, on, or after the Effective Date. Buyer expressly agrees to assume the risk that the Assets may contain waste materials, including, without limitation, naturally occurring radioactive materials, Hydrocarbons, hazardous substances, hazardous wastes, hazardous materials, solid wastes, or other pollutants.
Plugging and Abandonment means the plugging, replugging, abandonment, removal, disposal, seafloor restoration and remediation obligations which are required for ▇▇▇▇▇ drilled or other operations conducted pursuant to this Agreement. Such obligations shall include, but not be limited to, all necessary and proper plugging and abandonment and/or removal and disposal of the ▇▇▇▇▇, structures, and equipment located on or associated therewith, the necessary and proper capping and burying, if required, of all associated flow lines, and any necessary disposal of naturally occurring radioactive material ("NORM").
Plugging and Abandonment means the permanent plugging of a well, the removal of its associated production
Plugging and Abandonment means all plugging, replugging, abandonment, equipment removal, disposal or restoration associated with the ▇▇▇▇▇ on or connected to Platform Grace, including, but not limited to, all plugging and abandonment, removal, surface or seabed restoration, disposal of the ▇▇▇▇▇ and personal property located on Platform Grace (whether drilled or placed on Platform Grace or the MMS Lease prior to or after the Closing Date), and any disposal of related waste materials, all in accordance with Applicable Laws and the terms and conditions of the MMS Lease and Unit Agreement, and the orders of Governmental Authorities.
Plugging and Abandonment means all decommissioning, dismantlement and removal activities and obligations with respect to the Properties as are required by Laws, Contracts, this Agreement (expressly including such activities described and defined as of the Effective Time and as may be amended thereafter, in 30 Code of Federal Regulations 250.1700 et seq.) and further including all well plugging, replugging and abandonment; platform dismantlement and removal; facility dismantlement and removal; pipeline and flowline removal; dismantlement and removal of all other property of any kind related to or associated with operations or activities conducted on the Properties; and associated site clearance, site restoration and site remediation and other activities associated therewith.