Drilling Schedule Clause Samples

Drilling Schedule. (a) The Commitment ▇▇▇▇▇ must be drilled within two years of the Effective Date. If the Carried Well Costs incurred as of the second anniversary of the Effective Date are less than the Carry Amount as adjusted by operation of this Agreement, STML shall promptly refund to EnCana the difference between the incurred Carried Well Costs as of this date and the adjusted Carry Amount. Further, this Agreement shall terminate and be of no further force or effect two years from the Effective Date except that obligations existing as of this date of termination shall remain binding obligations of the Party subject to such obligations in accordance with the terms hereof. (b) STML will use its best efforts consistent with sound engineering and financial practices to commence Completion operations on each Commitment Well within 90 days of the date the drilling rig is released from the applicable well.
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Drilling Schedule. APH shall deliver a Proposal and file all required permit applications for the first Program Well within thirty (30) days of the date of this Agreement and shall Spud such well within ninety (90) days of receipt of all required permits but not later than March 31, 2014. Thereafter, APH shall Spud a Program Well at intervals of no longer than ninety (90) days from Spudding the previous Program Well, without regard to the status of any prior Program Well, until the expenditure of all Exploration Funds as provided below or Termination as defined below. During such period, but after the Spudding of the third Program Well, APH may extend one such ninety (90) day period by an additional thirty (30) days, by written notice given before the end of such ninety (90) day period and APH may request additional extensions, by written request explaining the reasons therefor and submitted before the end of the period sought to be extended. Owner shall consider each such request and may grant or reject such requests in its discretion, reasonably exercised. In exercising its discretion Owner may consider, in addition to the reasons specified, the general conduct of operations by APH as well as its own interest in the complete and orderly development of the Owner’s Leases. As to each Program Well, once Spudded, APH shall conduct operations as a reasonable and prudent operator, diligently and without unreasonable interruption (any interruption of more than thirty (30) days being conclusively deemed unreasonable), until Completion. APH shall continue to propose, Drill, and Complete Program ▇▇▇▇▇ on the schedule just provided until twenty percent (20%) of its Completion Costs equals the amount of the Exploration Funds. This Section 2.2 shall be subject to availability of costs effective and competent oilfield services at all times.
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Drilling Schedule. If Madoff elects to continue participation in the Well Program pursuant to Section 2(c) above, the Additional ▇▇▇▇▇ shall be drilled, re-entered and completed in accordance with the drill schedule set forth in Exhibit G attached hereto and made a part hereof. If all of the Additional ▇▇▇▇▇ are not re-entered and completed by January 7, 2010, Lakehills will forfeit the Success Fee applicable to the Additional ▇▇▇▇▇ not so completed (as set forth on Exhibit C) and immediately pay such amount to Madoff. Such amount payable to Madoff shall also include any amounts that Madoff previously paid for any of the acreage associated with the Additional ▇▇▇▇▇ not so completed.
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Related to Drilling Schedule

  • Operating Schedule Purchaser shall, be- fore commencing operations, provide in writing an annual Operating Schedule of anticipated major activities and needs for logging Included Timber, such as logging, road maintenance, Scaling, and road construction, including construction staking under B5.212 and material delivery under B5.22. Upon reasonable notice to Forest Service, such schedule shall be subject to modifications necessi- ▇▇▇▇▇ by weather, markets, or other unpredictable circum- stances.

  • Working Schedule The hours and days of work of each employee shall be posted in an appropriate place at least two (2) weeks in advance. The Employer shall, after agreement with the Union, set forth the working schedule of each department, hereinafter referred to as the "Work Schedule". The schedule shall only be altered to meet emergency situations. No employee shall be scheduled to work a split shift unless mutually agreed to.

  • Pricing Schedule 7.1. The Pricing Schedule sets out details of the pricing of the Services. 7.2. The prices in the Pricing Schedule are not to be increased for the period of the Contract. 7.3. Accordingly, the Service Provider may not unilaterally increase the prices in the Pricing Schedule. But nothing in the Contract prevents the Service Provider from improving on the prices in the Pricing Schedule for the purposes of a particular Order.

  • Work Schedule (A) Where an employee has an established schedule, a change in workdays or shifts will be posted no less than 14 calendar days in advance and will reflect at least a two workweek schedule; however, the state will make a good faith effort to reflect a one month schedule. (B) In the event of a declared emergency the notice requirement of this Section may be void. (C) The state will continue to observe the scheduling structures currently in place at each agency and agrees to bargain any change in the overall practice of how schedules are established.

  • Delivery Schedule The Goods specified in the List of Goods are required to be delivered within the acceptable time range (after the earliest and before the final date, both dates inclusive) specified in Section V, Schedule of Requirements. No credit will be given to deliveries before the earliest date, and Tenders offering delivery after the final date shall be treated as non-responsive. Within this acceptable period, an adjustment of [insert the adjustment factor], will be added, for evaluation purposes only, to the Tender price of Tenders offering deliveries later than the “Earliest Delivery Date” specified in Section V, Schedule of Requirements.