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
New Hampshire Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a unique and specialized method used in extracting oil and gas from horizontal wells in the state of New Hampshire. This technology involves the use of proprietary equipment, systems, and processes that are protected by legal restrictions on disclosure. The mechanism behind New Hampshire Proprietary Technology Horizontalel— - Restriction on Disclosure revolves around the innovative design and operation of horizontal wells. Unlike traditional vertical wells, horizontal wells are drilled at an angle, allowing for greater access to oil and gas reserves. This technique enhances the overall efficiency of resource extraction, ensuring optimized production rates. One of the key features of this proprietary technology is its ability to maximize reservoir contact. By drilling horizontally, a larger surface area is exposed to the reservoir, resulting in improved productivity and greater recovery of hydrocarbons. The technology also employs advanced techniques such as hydraulic fracturing (fracking) and multistage stimulation, which further enhance the well's ability to extract resources. To maintain a competitive advantage, the details of New Hampshire Proprietary Technology Horizontalel— - Restriction on Disclosure are safeguarded as trade secrets. This means that companies utilizing this technology are strictly prohibited from disclosing or sharing specific details about the equipment, systems, and processes involved in horizontal well drilling. This restriction ensures that the knowledge and expertise remain confidential, giving companies an edge over their competitors. While the specific types of New Hampshire Proprietary Technology Horizontalel— - Restriction on Disclosure may vary, they generally revolve around the protection of intellectual property. This could include restrictions on disclosing drilling techniques, proprietary technologies used in well completions, specific well bore configurations, and data analysis methodologies. Overall, New Hampshire Proprietary Technology Horizontalel— - Restriction on Disclosure plays a crucial role in the oil and gas industry by safeguarding the intellectual property and competitive advantage of companies operating in the state. Through the implementation of specialized equipment, systems, and processes, this technology promotes efficient and optimal extraction of oil and gas, thereby contributing to the overall development and sustainability of New Hampshire's energy sector.
