Common use of Plugging and Abandonment Clause in Contracts

Plugging and Abandonment. Neither Seller has abandoned, or agreed to abandon, any ▇▇▇▇▇ included in the Assets since the Effective Time and, to each such Seller’s knowledge, there are no dry holes, or otherwise inactive ▇▇▇▇▇, located on the Lands, other than ▇▇▇▇▇ that have been properly plugged and abandoned.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Plugging and Abandonment. Neither Seller has not abandoned, or agreed to abandon or received any pending demands to abandon, any ▇▇▇▇▇ included in the Assets since the Effective Time and, and to each such Seller’s knowledge, knowledge there are no dry holes, or otherwise inactive ▇▇▇▇▇, holes located on the Lands, other than ▇▇▇▇▇ that have been properly plugged and abandoned.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Linn Energy, LLC)