The Denver-Julesburg Basin

Wednesday, April 19th, 2023 and is filed under Uncategorized

Energy Independence

The DJ Basin, also known as the Denver-Julesburg Basin, is a major oil and gas producing region located in the central United States. The basin covers an area of approximately 70,000 square miles (181,300 square kilometers) across parts of Colorado, Wyoming, Nebraska, and Kansas.

The DJ Basin is known for its unconventional oil and gas reserves, particularly its shale oil and gas formations. These formations have become increasingly profitable in recent years due to advances in hydraulic fracturing and horizontal drilling technologies, which have made it easier and more cost-effective to extract oil and gas from these unconventional reserves.

The DJ Basin is home to several major oil and gas companies, including Anadarko Petroleum, Noble Energy, and Encana Corporation. In 2018, the DJ Basin produced approximately 660,000 barrels of oil per day and 3.2 billion cubic feet of natural gas per day.

Overall, the DJ Basin is a significant contributor to the United States’ domestic energy production, and its unconventional reserves have helped to fuel the country’s recent surge in oil and gas production. However, like all fossil fuel production, the exploitation of the DJ Basin’s resources also has potential environmental impacts and may contribute to climate change. Therefore, it is important for companies and policymakers to consider the potential risks and benefits of oil and gas production in the region and work towards developing sustainable energy solutions that can mitigate these risks.

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Recipient – Registrant on www.EaglenNaturalResources.com

Disclosing Party – Lexstar Energy, DBA Eagle Natural Resources

Effective Date – Date of Registration

  1. Definitions.

(a) Disclosing Party and Recipient. The party disclosing Confidential Information is referred to as the “Disclosing Party,” and the party receiving Confidential Information is referred to as the “Recipient.”

(b) Confidential Information. “Confidential Information” means all information (whether in oral, written or electronic form) relating to the business, business relationship between disclosing party and recipient, personnel, marketing, customers, finances, products or services of the Disclosing Party, and includes confidential information received by the Disclosing Party from third parties.

  1. Permitted Use of Confidential Information.The Recipient must not use the Disclosing Party’s Confidential Information for any purpose without the explicit written approval of the Disclosing Party.
  2. Protect Confidential Information.The Recipient will keep the Disclosing Party’s Confidential Information confidential, and will also cause its directors, officers, employees and agents to keep the Disclosing Party’s Confidential Information confidential. The Recipient will take all necessary steps (including those steps that the Recipient takes to protect its own information that it regards as confidential) to maintain the confidentiality of the Disclosing Party’s Confidential Information.
  3. No Disclosure.The Recipient will not disclose the Confidential Information to any third party, nor the fact that it has obtained the Confidential Information, without the explicit written approval of the Disclosing Party.
  4. Legal Compulsion to Disclose Confidential Information.If the Recipient receives notice indicating that it may or will be legally required to disclose any of the Disclosing Party’s Confidential Information, it will notify the Disclosing Party promptly in writing so that the Disclosing Party may seek a protective order or other appropriate remedy, or waive compliance with this Agreement. If a protective order or other remedy is not obtained for whatever reason, or if the Disclosing Party waives compliance with this Agreement, the Recipient will disclose no more than that portion of the Confidential Information required to be disclosed.
  5. No Transfer.The Disclosing Party retains exclusive rights to its Confidential Information, and does not grant or transfer any right or license to the Recipient, except as set out in this Agreement.
  6. Return or Destruction.Within five business days of a request by the Disclosing Party:

(a) the Recipient will return to the Disclosing Party all materials in physical form (including any notes, summaries or memoranda relating to or derived from those materials by the Recipient) that contain the Disclosing Party’s Confidential Information or, at the Disclosing Party’s option, the Recipient may certify in writing that it has destroyed all such materials permanently and confidentially; and

(b) the Recipient will certify in writing that it has destroyed permanently all materials in electronic form (including emails and including any notes, summaries or memoranda relating to or derived from those materials by the Recipient) that contain the Disclosing Party’s Confidential Information.

  1. Disclosing Party Not Liable.The Recipient acknowledges that the Disclosing Party, its directors and its officers will have no liability to the Recipient resulting from the use of the Confidential Information by the Recipient.
  2. Non‑money Remedies.The Recipient acknowledges that money damages would not be a sufficient remedy for a breach of this Agreement, and that any court having jurisdiction may grant injunctive relief for an actual or threatened breach of any of the provisions of this Agreement, in addition to any other remedy available to the Disclosing Party.
  3. Integration.This Agreement constitutes the entire agreement between the parties relating to its subject matter. No amendment or waiver of this Agreement is binding unless agreed to in writing by the parties.
  4. Governing Law.This Agreement is governed by the laws in effect in the State of Texas.