Release - Ontology - Multiple 3.6

Below are all of the changes for the Ontology 3.6 Release (Changes in Bold) to be released at 7:00pm on Tuesday 8/27/19.

Oil and Gas:

Additions:

  • Shut-In
    • Shut-In Period is now a Boolean (True/False) Field
    • Shut-In Period Timeframe

Deprecations:

  • Operations
    • Cessation Of Production

Right of Way:

Additions:

  • Line Rights
    • Additional Lines

Gathering and Processing:

No Changes

Master Service Agreement:

Additions:

  • Termination
    • Change of Control
  • Definitions
    • Control
  • Governing Law
    • Venue Description
  • Indemnity
    • Breach of Warranties
  • Party
    • Address
    • Description
    • Designation
    • Name
  • Payment Terms
    • Fee Structure
  • Representations and Warranties
    • Warranty Disclaimer
  • Taxes

Changes:

  • Governing Law
    • Location is now Governing Law State
    • Venue is now Venue County
  • Term
    • Time Period is now Automatic Renewal Duration
    • Duration is now Term Duration

Deprecations:

  • Grantee - Being replaced by Party
    • Address
    • Description
    • Name
  • Grantor - Being replaced by Party
    • Address
    • Description
    • Name
  • Term
    • Term Execution Date

Joint Operating Agreement:

No Changes.

 

 

Was this article helpful?
0 out of 0 found this helpful