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
Utah Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specific type of technology and restriction surrounding horizontal well drilling methods in the state of Utah. This proprietary technology involves advanced drilling techniques and equipment designed to maximize oil and gas extraction from horizontal wells, which are drilled horizontally rather than vertically. The Utah Proprietary Technology Horizontalel— - Restriction on Disclosure is a safeguard put in place to protect the intellectual property associated with this technology. The restriction on disclosure ensures that the details and specifications of this proprietary technology are not publicly revealed, giving companies utilizing this technology a competitive advantage in the industry. While the specific details of the proprietary technology are not disclosed, there can be different variations or types of this technology based on the individual companies or drilling operations. Each company may have its unique approach and specific modifications to the equipment or techniques, tailoring the technology to their needs and geological conditions. The Utah Proprietary Technology Horizontalel— - Restriction on Disclosure plays a crucial role in encouraging innovation and investment in the state's oil and gas industry. By providing companies the protection and incentive to develop and utilize advanced drilling technologies, it promotes the efficient extraction of hydrocarbons and contributes to the overall growth and productivity of the industry. Companies utilizing Utah Proprietary Technology Horizontalel— - Restriction on Disclosure are at an advantage due to the confidential nature of the technology, allowing them to have a unique selling point in the market. This advantage enables these companies to optimize production, increase well productivity, and reduce costs associated with drilling operations. In summary, Utah Proprietary Technology Horizontalel— - Restriction on Disclosure represents a specialized and confidential drilling technique in the state of Utah. It provides companies a competitive edge in the industry by preserving the secrecy of their proprietary technology for horizontal well drilling operations.
