Common use of Moving Rate Clause in Contracts

Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing on SPUD, Operator shall pay Contractor a sum of $14,000 per twenty-four (24) hour day.

Appears in 5 contracts

Sources: Master Drilling Agreement, Master Drilling Agreement (Mammoth Energy Services, Inc.), Master Drilling Agreement (Mammoth Energy Partners LP)

Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing on SPUD, Operator shall pay Contractor a sum of $14,000 12,400 per twenty-four (24) hour day.

Appears in 5 contracts

Sources: Master Drilling Agreement, Master Drilling Agreement (Mammoth Energy Services, Inc.), Master Drilling Agreement (Mammoth Energy Partners LP)

Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing on SPUDSpud , Operator shall pay Contractor a sum of $14,000 $ per twenty-four (24) hour day.

Appears in 1 contract

Sources: Master Drilling Agreement (Diamondback Energy, Inc.)