This provision is for an Agreement where there is the expectation that one or more horizontal wells may be drilled within the Contract Area. This section addresses the drilling of Horizontal Wells and that they shall remain the sole property and information of the Operator
Maine Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specialized drilling technique used in the state of Maine that involves the use of proprietary technology to extract oil and gas from underground reserves in a horizontal manner. This innovative method allows for increased production rates and efficiency compared to traditional vertical drilling methods. The proprietary technology used in these horizontal wells is not publicly disclosed or shared due to the restriction on disclosure. This means that the specific details, techniques, and equipment used in these horizontal wells are kept confidential and are not disclosed to the public. By keeping this technology proprietary, companies operating in Maine gain a competitive advantage in the oil and gas industry. By implementing this technology, they can maximize the extraction of natural resources and enhance their overall operational efficiency. However, it is important to note that the term "Maine Proprietary Technology Horizontalel— - Restriction on Disclosure" does not imply that there are different types of this technology. Instead, it refers to the overall concept of utilizing proprietary technology in horizontal drilling and restricting the disclosure of specific details regarding the technology used. Overall, the Maine Proprietary Technology Horizontalel— - Restriction on Disclosure plays a significant role in the state's oil and gas industry, enabling greater productivity and operational efficiency while safeguarding the unique drilling techniques from public knowledge and potentially unauthorized use or replication by competitors.Maine Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specialized drilling technique used in the state of Maine that involves the use of proprietary technology to extract oil and gas from underground reserves in a horizontal manner. This innovative method allows for increased production rates and efficiency compared to traditional vertical drilling methods. The proprietary technology used in these horizontal wells is not publicly disclosed or shared due to the restriction on disclosure. This means that the specific details, techniques, and equipment used in these horizontal wells are kept confidential and are not disclosed to the public. By keeping this technology proprietary, companies operating in Maine gain a competitive advantage in the oil and gas industry. By implementing this technology, they can maximize the extraction of natural resources and enhance their overall operational efficiency. However, it is important to note that the term "Maine Proprietary Technology Horizontalel— - Restriction on Disclosure" does not imply that there are different types of this technology. Instead, it refers to the overall concept of utilizing proprietary technology in horizontal drilling and restricting the disclosure of specific details regarding the technology used. Overall, the Maine Proprietary Technology Horizontalel— - Restriction on Disclosure plays a significant role in the state's oil and gas industry, enabling greater productivity and operational efficiency while safeguarding the unique drilling techniques from public knowledge and potentially unauthorized use or replication by competitors.
