Common use of Exploratory Well Clause in Contracts

Exploratory Well. A well proposed and drilled as an Exploratory Operation [including, but not limited to, a substitute well for an Exploratory Well abandoned under Article 10.1.4 (AFE Overruns and Substitute Well)].

Appears in 2 contracts

Sources: Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp), Operating Agreement (Anadarko Petroleum Corp)