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
Montana Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specific type of advanced drilling technology used in the oil and gas industry. This technology enables the horizontal drilling of wells, allowing for the extraction of oil and gas from reservoirs that would otherwise be difficult to access. The Montana Proprietary Technology Horizontalel— - Restriction on Disclosure is characterized by its innovative design and operational efficiency. It is designed to overcome the limitations of conventional vertical drilling methods, increasing overall production and resource recovery rates. Horizontal drilling involves the drilling of a well bore at various angles from the vertical axis. This technique allows operators to intersect multiple layers of oil and gas-bearing formations, maximizing the contact area with the reservoir. The technology is particularly beneficial in unconventional reservoirs, such as shale formations, where vast amounts of oil and gas are trapped in low-permeability rock. Montana Proprietary Technology Horizontalel— - Restriction on Disclosure employs advanced drilling equipment and techniques to ensure accurate well bore placement, precise directional control, and reduced environmental impact. This technology utilizes specialized drilling bits, down hole motors, and measurement tools to guide the well bore along the desired path. One of the key features of Montana Proprietary Technology Horizontalel— - Restriction on Disclosure is its ability to optimize production rates. By accessing a larger area of the reservoir, this technology allows for increased flow rates, ultimately boosting overall production. Moreover, it reduces the number of wells required to extract the same amount of resources, minimizing the surface footprint and associated environmental impact. To ensure the competitiveness and intellectual property protection, Montana Proprietary Technology Horizontalel— - Restriction on Disclosure is subject to specific restrictions on disclosure. The proprietary nature of the technology necessitates confidentiality agreements and non-disclosure agreements between involved parties, protecting trade secrets and ensuring exclusive use and knowledge of the technology by authorized entities. In summary, Montana Proprietary Technology Horizontalel— - Restriction on Disclosure is an advanced drilling technology that enables efficient extraction of oil and gas from unconventional reservoirs. By utilizing horizontal drilling techniques, this technology maximizes production rates, reduces environmental impact, and protects intellectual property through confidentiality agreements.
