Drilling Standard Clause Samples
The Drilling Standard clause sets the minimum technical and operational requirements that must be met during drilling activities under a contract. It typically outlines the industry standards, best practices, and specific procedures that the contractor must follow, such as safety protocols, equipment specifications, and quality benchmarks. By establishing clear expectations for drilling performance, this clause ensures that work is conducted safely, efficiently, and in compliance with regulatory and contractual obligations, thereby reducing the risk of accidents, substandard work, or disputes over quality.
Drilling Standard. ▇▇▇▇▇▇▇▇▇ shall drill or caused to be drilled, at ▇▇▇▇▇▇▇▇▇’▇ sole cost and expense, each of the Development ▇▇▇▇▇ in a diligent manner in accordance with the Reasonably Prudent Operator Standard.
Drilling Standard. Chesapeake shall drill or cause to be drilled, at its sole cost and expense (as between the Parties), each of the Development ▇▇▇▇▇ in a diligent manner in accordance with the Reasonably Prudent Operator Standard, subject to Assignor’s limited rights as a non-operator of those Development ▇▇▇▇▇ of which neither Assignor nor one of its Affiliates is the operator; provided, however, that when and where neither Assignor nor one of its Affiliates is the operator of a Development Well and Assignor has elected to participate as a non-operator in the drilling of such Development Well, Assignor shall use commercially reasonable efforts to exercise its contractual rights with respect to the operator of such Development Well to cause such operator to drill such Development Well in accordance with the Reasonably Prudent Operator Standard.