Common use of Additional Development Clause in Contracts

Additional Development. As part consideration for entering into and acquiring rights under the terms of this Agreement, with legal description Operator grants Participant the right, if then available and not otherwise taken, (on the same, or other negotiated terms that are not lesser than the terms of this Agreement), to participate in any additional ▇▇▇▇▇ (“Subsequent ▇▇▇▇▇”) which Operator may elect to drill or re-complete on the South 40 Leases described herewith as the ▇.▇. ▇▇▇▇ "18-1", being the Wl/2 of the NW1/4 of Section 18, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, Texas, containing Forty (South 40) acres only more or less (see also Exhibit “A”, Section B, Description of Lands hereto for further reference). At any time after the Prospect Well or ▇▇▇▇▇ have been drilled and completed or plugged and abandoned, as the case may be, upon mutual election by Operator and Participants to drill an additional Subsequent Well or ▇▇▇▇▇ on the South 40 Leases described herein this section, any additional drilling/re-entry activity to take place on the Leases, as proposed by Operator, subsequent of ▇▇▇▇▇, shall not be subject to the payout provisions provided for in this Agreement, shall not be drilled under the terms of turnkey arrangements, unless the same shall be proposed by Operator to Participant. Operator, other than described herein section II. 1) shall not maintain a “carried interest” in Subsequent ▇▇▇▇▇ and each Participant shall pay and be responsible for their proportionate share of any and all costs, to the extent of their after payout interests, for the drilling of the Subsequent ▇▇▇▇▇. For development selection regarding Subsequent ▇▇▇▇▇, the following formations, not all inclusive, are available for consideration in the South 40 acreage. Glorietta, Upper Clearfork, ▇▇▇▇▇, Lower Clearfork, Witchita Albany, Detrital Zone, Devonian, Fusselman.

Additional Development. As part consideration for entering into and acquiring rights under the terms of this Agreement, with legal description Operator grants Participant the right, if then available and not otherwise taken, (on the same, or other negotiated terms that are not lesser than the terms of this Agreement), to participate in any additional ▇w▇▇▇▇ (“Subsequent ▇W▇▇▇▇”) which Operator may elect to drill or re-complete on the South 40 Leases described herewith as the ▇.J.▇. ▇▇▇▇ "18-1", being the Wl/2 of the NW1/4 of Section 18, ▇B▇▇▇▇ ▇-▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, Texas, containing Forty (South 40) acres only more or less (see also Exhibit “A”, Section B, Description of Lands hereto for further reference). At any time after the Prospect Well or ▇W▇▇▇▇ have been drilled and completed or plugged and abandoned, as the case may be, upon mutual election by Operator and Participants to drill an additional Subsequent Well or ▇W▇▇▇▇ on the South 40 Leases described herein this section, any additional drilling/re-entry activity to take place on the Leases, as proposed by Operator, subsequent of ▇w▇▇▇▇, shall not be subject to the payout provisions provided for in this Agreement, shall not be drilled under the terms of turnkey arrangements, unless the same shall be proposed by Operator to Participant. Operator, other than described herein section II. 1) Operator shall not maintain a “carried interest” in Subsequent ▇W▇▇▇▇ and each Participant shall pay and be responsible for their proportionate share of any and all costs, to the extent of their after payout interests, for the drilling of the Subsequent ▇W▇▇▇▇. For development selection regarding Subsequent ▇W▇▇▇▇, the following formations, not all inclusive, formations are available for consideration in the South 40 acreage. Glorietta, Upper Clearfork, ▇T▇▇▇▇, Lower Clearfork, Witchita Albany, Detrital Zone, Devonian, Fusselman.