Common use of WORK COMMITMENTS Clause in Contracts

WORK COMMITMENTS. (a) Before the seventh anniversary of the effective date of the lease, the lessee shall complete, suspend, or plug and abandon one well that has penetrated to the base of the Kuparuk C interval as observed as the LCU correlative stratigraphic surface seen in the Hemi Springs State 1 well (API No. 50-02921056-00-00) at 7,256 feet measured depth. (b) The lessee shall submit well data, to include at a minimum a mudlog, gamma ray log, resistivity log, and porosity log, before the seventh anniversary of the effective date of the lease, to substantiate adherence to the work commitment terms. Data must be submitted according to the instructions set out in Attachment 1 (c) The work commitment will be considered met if the lessee completes the work as described in (a) and (b) of this paragraph on any of ADLs 393730, 393731, 393732, 393733, 393734, 393735, 393736, 393737, 393738, 393739, 393740, or 393741. (d) If the lessee fails to meet the work commitment set out in this paragraph, this lease will automatically terminate as provided under 11 AAC 83.700 - 11 AAC 83.705

WORK COMMITMENTS. (a) Before the seventh anniversary of the effective date of the lease, the lessee shall complete, suspend, or plug and abandon one well that has penetrated to the base of the Kuparuk C interval as observed as the LCU correlative stratigraphic surface seen in the Hemi Springs State ▇. ▇▇▇▇▇▇▇▇ Bay #1 well (API No. 50-0292105610320007-00-00) at 7,256 7,289 feet measured depth. (b) The lessee shall submit well data, to include at a minimum a mudlog, gamma ray log, resistivity log, and porosity log, before the seventh anniversary of the effective date of the lease, to substantiate adherence to the work commitment terms. Data must be submitted according to the instructions set out in Attachment 1 (c) The work commitment will be considered met if the lessee completes the work as described in (a) and (b) of this paragraph on any of ADLs 393730393709, 393731393710, 393732393711, 393733393712, 393734393713, 393735393714, 393736393715, 393737393716, 393738393717, 393739393718, 393740393719, 393720, 393721, 393722, 393723, 393724, 393725, 393726, 393727, 393728, or 393741393729. (d) If the lessee fails to meet the work commitment set out in this paragraph, this lease will automatically terminate as provided under 11 AAC 83.700 - 11 AAC 83.705