Common use of Contractor’s In-Hole Equipment Clause in Contracts

Contractor’s In-Hole Equipment. Operator shall assume liability at all times for damage to or destruction of Contractor’s in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool Joints, and Operator shall reimburse Contractor for the value of any such loss or damage; the value to be determined by agreement between Contractor and Operator as current repair costs or 100 percent of current like kind replacement cost of such equipment delivered to the well site.

Contractor’s In-Hole Equipment. Operator shall assume liability at all times for damage to or destruction of Contractor’s in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool Jointsjoints, and Operator shall reimburse Contractor for the value of any such loss or damage; the value to be determined by agreement between Contractor and Operator as current repair costs or 100 percent of current like kind new replacement cost of such equipment delivered to the well site.

Contractor’s In-Hole Equipment. Operator shall assume liability at all times for damage to or destruction of Contractor’s 's in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool Jointsjoints, and Operator shall reimburse Contractor for the value of any such loss or damage; the value to be determined by agreement between Contractor and Operator as current repair costs or 100 percent of current like replacement in kind replacement cost of such equipment delivered to the well siteand condition.

Contractor’s In-Hole Equipment. Operator shall assume liability at all times for damage to or destruction of Contractor’s in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool Jointsjoints, and Operator shall reimburse Contractor for the value of any such loss or damage; ;: the value to be determined by agreement between Contractor and Operator as current repair costs or 100 percent of current like kind new replacement cost of such equipment delivered to the well site.

Contractor’s In-Hole Equipment. Operator shall assume liability at all times for damage to or destruction of Contractor’s in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool Jointsjoints, and Operator shall reimburse Contractor for the value of any such loss or damage; the value to be determined by agreement between Contractor and Operator as current repair costs or 100 percent of current like kind replacement cost of such equipment delivered to the well site.

Contractor’s In-Hole Equipment. Operator shall assume liability at all times for damage to or destruction of Contractor’s 's in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool Jointsjoints, and Operator shall reimburse Contractor for the value of any such loss or damage; the value to be determined by agreement between Contractor and Operator as current repair costs or 100 percent of current like kind new replacement cost of such equipment delivered to the well site.