Examples of Subject Well in a sentence
In connection with any such conveyance or permanent cessation of production, Grantee shall, on request, immediately prior to such event, execute, acknowledge, and deliver to Grantor a recordable instrument (reasonably acceptable to Grantor) that terminates and releases the Net Profits Interest with respect to any such portion of the Subject Interests or Subject Well, as applicable, to Grantor.
Without limitation of the foregoing, prior to commencement of drilling operations on any Subject Well, El Paso will obtain a drilling title opinion or, in the case of a drillsite which is held by production, conduct such other title review and related due diligence as would be consistent with sound oil and gas field practices for the location and nature of such drillsite and related Subject Well.
While it appears the requisite interviews are usually conducted by panels, as the Personnel Manual requires, it is not clear how panel members are appointed, whether they have any training in conducting interviews, particularly in the behaviorally based interviews the Manual requires, and the extent to which the panels are diverse.
Each such assignment shall identify each Subject Well covered thereby by name, location and API number.
In connection with any such conveyance or permanent cessation of production, Grantee shall, on request, immediately prior to such event, execute, acknowledge, and deliver to Grantor a recordable instrument (reasonably acceptable to Grantor) that terminates and releases the applicable Net Profits Interest (and the Overriding Royalty Interest if applicable) with respect to any such portion of the Subject Interests or Subject Well, as applicable, to Grantor.