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
Nebraska Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specialized drilling method used in the state of Nebraska that involves unique technology and stringent rules regarding the sharing of information. This advanced drilling technique has been developed to extract oil and gas from shale rock formations, maximizing production while minimizing environmental impact. The Nebraska Proprietary Technology — Horizontal Well employs a horizontal drilling approach, where wells are drilled vertically first and then turned horizontally to access oil and gas reserves. This technique allows for greater exposure to the shale reservoir and offers higher production potential compared to traditional vertical drilling methods. However, what sets Nebraska's proprietary technology apart is its strict restriction on disclosure. As part of protecting trade secrets and maintaining a competitive advantage, companies utilizing this technology are required to restrict the sharing of specific drilling techniques, well design, and operational details. This restriction ensures that the unique and proprietary aspects of the drilling process are not disclosed to competitors or the public. By limiting the disclosure of proprietary technology, companies operating in Nebraska can maintain their technological edge and potentially reduce the risk of imitation and competition. This restriction allows them to fully capitalize on the benefits of horizontal drilling without giving away their strategic advantages. Named variations of Nebraska Proprietary Technology Horizontalel— - Restriction on Disclosure might include specific proprietary techniques developed by individual companies operating in Nebraska. For instance, some companies might have their own unique drilling formulas, well completion methods, or fracturing techniques that fall under the broader category of Nebraska Proprietary Technology. Such variations could be named based on the company's name or a specific brand associated with their proprietary technology. In conclusion, Nebraska Proprietary Technology Horizontalel— - Restriction on Disclosure is an innovative drilling method utilized in the state of Nebraska to extract oil and gas from shale formations. By implementing strict secrecy measures, companies can safeguard their proprietary techniques and maintain a competitive edge in the industry.
