Common use of Geological Data Clause in Contracts

Geological Data. Prior to the Payout Date, El Paso shall, subject to their reasonable availability and the limitations of confidentiality undertakings with co-owners or other third parties, at Ramshorn's cost and expense furnish Ramshorn and its duly authorized agents and representatives, including its advisers and consultants (herein collectively referred to as its "Agents"), copies of all electric and other logs of the Subject ▇▇▇▇▇. Prior to the Payout Date, Ramshorn and its Agents shall also have access to all records regarding all cores, cuttings, and other geological, well and production data secured from operations on the Subject ▇▇▇▇▇. Ramshorn shall not have access to any seismic data in El Paso's possession. After the Payout Date, Ramshorn and its representatives shall have access to all records regarding production data, future capital investment plans, marketing arrangements, processing arrangements and any other data necessary, as determined by Ramshorn in its reasonable discretion, to evaluate Ramshorn's After Payout Overriding Royalty Interest. All information furnished to Ramshorn pursuant to this Section 6.5 is confidential and for the sole benefit of Ramshorn and shall not be shown or disclosed by Ramshorn to any Person except as provided in the Confidentiality Agreement dated April 23, 2003, by and between El Paso and Ramshorn Brothers, Inc.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Nabors Industries LTD), Purchase and Sale Agreement (Nabors Industries LTD)

Geological Data. Prior to the Payout Date, El Paso shall, subject to their reasonable availability and the limitations of confidentiality undertakings with co-owners or other third parties, at Ramshorn's cost and expense furnish Ramshorn and its duly authorized agents and representatives, including its advisers and consultants (herein collectively referred to as its "Agents"), copies of all electric and other logs of the Subject ▇▇▇▇▇Wells. Prior to the Payout Date, Ramshorn and its Agents shall also have ▇▇▇▇ access to all records regarding all cores, cuttings, and other geological, well and production data secured from operations on the Subject ▇▇▇▇▇Wells. Ramshorn shall not have access to any seismic data in El Paso's possession'▇ ▇▇ssession. After the Payout Date, Ramshorn and its representatives shall have access to all records regarding production data, future capital investment plans, marketing arrangements, processing arrangements and any other data necessary, as determined by Ramshorn in its reasonable discretion, to evaluate Ramshorn's After Payout Overriding Royalty Interest. All information furnished to Ramshorn pursuant to this Section 6.5 is confidential and for the sole benefit of Ramshorn and shall not be shown or disclosed by Ramshorn to any Person except as provided in the Confidentiality Agreement dated April 23, 2003, by and between El Paso and Ramshorn BrothersInvestments, Inc.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Vermejo Minerals Corp)