Periodic Inventories, Notice and Representation. At reasonable intervals, inventories shall be taken by Operator of the Joint Account Controllable Material. Written notice of intention to take inventory shall be given by Operator at least thirty (30) days before any inventory is to begin so that Non-Operators may be represented when any inventory is taken. Failure of Non-Operators to be represented at an inventory shall bind Non-Operators to accept the inventory taken by Operator.
Appears in 5 contracts
Samples: Amendment Agreement (Alamo Energy Corp.), Unit Agreement (Resaca Exploitation, Inc.), Operating Agreement (Velocity Oil & Gas, Inc.)
Periodic Inventories, Notice and Representation. At reasonable intervals, inventories shall be taken by Operator of the Joint Account Controllable Material. Written notice of intention to take inventory shall be given by Operator at least thirty (30) days before any inventory is to begin so that Non-Operators may be represented when any inventory is taken. Failure of Non-Operators to be represented at an any inventory shall bind Non-Operators to accept the inventory taken by Operator.
Appears in 5 contracts
Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Operating Agreement (RICHFIELD OIL & GAS Co), Golden Lane Participation Agreement (New Source Energy Corp)
Periodic Inventories, Notice and Representation. At reasonable intervals, inventories shall be taken by Operator of the Joint Account Controllable Material. Written notice of intention to take inventory shall be given by Operator at least thirty (30) days before any inventory is to begin so sO that Non-Operators Operator may be represented when any inventory is taken. Failure of Non-Operators Operator to be represented at an any inventory shall bind Non-Operators Operator to accept the inventory taken by Operator.
Appears in 1 contract
Periodic Inventories, Notice and Representation. At reasonable intervals, inventories shall be taken by Operator of the Joint Account Controllable Material. Written notice of intention to take inventory shall be given by Operator at least thirty (30) days before any inventory is to begin so that Non-Operators may be represented when any inventory is taken. taken Failure of Non-Operators to be represented at an inventory shall bind Non-Operators to accept the inventory taken by Operator.
Appears in 1 contract
Samples: Joint Operating Agreement (West Texas Resources, Inc.)
