Common use of Plugging Obligations Clause in Contracts

Plugging Obligations. Except for ▇▇▇▇▇ listed in Schedule 5.14, there are no dry holes, shut in, or otherwise inactive ▇▇▇▇▇, located on the Assets or lands pooled, communitized, or unitized therewith that Seller has either the obligation to plug and abandon in accordance with an applicable operating agreement or Law or as to ▇▇▇▇▇ for which Seller is not the operator, received a written proposal to plug and abandon.

Appears in 3 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (St Mary Land & Exploration Co), Purchase and Sale Agreement (Legacy Reserves Lp)

Plugging Obligations. Except for ▇▇▇▇▇ listed in on Schedule 5.146.12, there are no dry holes, or shut in, in or otherwise inactive ▇▇▇▇▇, located on the Assets Subject Interests or on lands pooled, communitized, pooled or unitized therewith that Seller has either the obligation to plug and abandon in accordance with an applicable operating agreement or Law or as to therewith, except for ▇▇▇▇▇ for which that, to Seller’s knowledge, have been properly plugged and abandoned or that Seller is not the operator, received a written proposal currently obligated to plug and or abandon.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Parsley Energy, Inc.)

Plugging Obligations. Except for w▇▇▇▇ listed in Schedule 5.14, there are no dry holes, or shut in, in or otherwise inactive w▇▇▇▇, located on the Assets or lands pooled, communitized, pooled or unitized therewith that Seller has either the obligation to plug and abandon in accordance with an applicable operating agreement or Law or as to W▇▇▇▇ for which Seller is not the operator, received a written proposal to plug and abandon.

Appears in 1 contract

Sources: Purchase and Sale Agreement (St Mary Land & Exploration Co)

Plugging Obligations. Except for ▇▇▇▇▇ listed in Schedule 5.14, there are no dry holes, shut in, or otherwise inactive ▇▇▇▇▇, located on the Assets or lands pooled, communitized, or unitized therewith that Seller has either the obligation to plug and abandon in accordance with an applicable operating agreement or Law or as to ▇▇▇▇▇ for which Seller is not the operator, received a written proposal to plug and abandon. All ▇▇▇▇▇ that are shut in or temporarily inactive are in compliance with all applicable Laws for which Seller plans to use such well in the future.

Appears in 1 contract

Sources: Purchase and Sale Agreement (St Mary Land & Exploration Co)

Plugging Obligations. Except for ▇▇▇▇▇ listed in Schedule 5.14, there are no dry holes, or shut in, in or otherwise inactive ▇▇▇▇▇, located on the Assets or lands pooled, communitized, pooled or unitized therewith that Seller has either the obligation to plug and abandon in accordance with an applicable operating agreement or Law or as to ▇▇▇▇▇ for which Seller is not the operator, received a written proposal to plug and abandon.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Abraxas Energy Partners LP)

Plugging Obligations. Except for w▇▇▇▇ listed in Schedule 5.14, there are no dry holes, or shut in, in or otherwise inactive w▇▇▇▇, located on the Assets or lands pooled, communitized, pooled or unitized therewith that Seller has either the obligation to plug and abandon in accordance with an applicable operating agreement or Law or as to ▇▇▇▇▇ for which Seller is not the operator, received a written proposal to plug and abandon.

Appears in 1 contract

Sources: Purchase and Sale Agreement (St Mary Land & Exploration Co)