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Common use of Plugging and Abandonment Obligations Clause in Contracts

Plugging and Abandonment Obligations. K & R Livestock #1 - Scheduled to be plugged and abandoned before 12/31/2006 as part of agreement with surface owner who has agreed to reimburse EXCO for all costs of plugging and abandonment.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Petroleum Development Corp), Purchase and Sale Agreement (Petroleum Development Corp)

Related Clauses

  • Nature of Participation and Reimbursement Obligations
  • PROCUREMENT OBLIGATIONS
  • Development Obligations
  • Indemnity for Government Obligations
  • The Reimbursement Obligations

Parent Clauses

  • Assumption and Indemnification
  • Representations and Warranties
  • Limitation on Damages
  • SELLER’S REPRESENTATIONS
  • Representations and Warranties of Seller

Sub-Clauses

  • Standard of Operations
  • Buyer’s Obligations
  • Non-Operator's Obligations
  • Ad Valorem, Real Property and Personal Property Taxes
  • APPLICATION OF INDEMNITIES
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