Common use of Principles of Accounting Clause in Contracts

Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with generally accepted accounting principles in the petroleum industry and with reasonable supporting documentation for each item in those statements.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (High Plains Gas, Inc.), Share and Pipeline Purchase Agreement (Stone Energy Corp), Purchase and Sale Agreement (Stone Energy Corp)

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Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with generally accepted accounting principles in the petroleum industry United States, and applicable laws, rules and regulations, and with reasonable supporting documentation for each item in those statements.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Kerr McGee Corp /De), Agreement and Plan of Merger (W&t Offshore Inc)

Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with accounting principles generally accepted accounting principles in the petroleum industry industry, consistently applied, and with reasonable supporting documentation for each item in those statementsapplicable laws, rules and regulations.

Appears in 2 contracts

Samples: Purchase Agreement (Centennial Resource Development, Inc.), Purchase Agreement (Centennial Resource Development, Inc.)

Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with generally accepted accounting principles in the petroleum industry industry, and applicable laws, rules and regulations, and with reasonable supporting documentation for each item in those statements.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Parsley Energy, Inc.), Purchase and Sale Agreement (Gasco Energy Inc)

Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with generally accepted accounting principles in the petroleum industry industry, as applicable, and with applicable laws, rules and regulations, and will be accompanied by reasonable supporting documentation for each item in those statements.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Denbury Resources Inc)

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Principles of Accounting. The Preliminary Settlement Statement and the Final Settlement Statement will be prepared in accordance with generally accepted accounting principles in the petroleum industry and with reasonable supporting documentation for each item in those statements.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Mdu Resources Group Inc), Purchase and Sale Agreement (Greka Energy Corp)

Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with accounting principles generally accepted accounting principles in the petroleum industry industry, consistently applied, and with reasonable supporting applicable laws, rules and regulations, and in all cases will include the calculation of each adjustment therein and a copy of all documentation for reasonably available and necessary to support each item in those statementssuch adjustment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carrizo Oil & Gas Inc)

Principles of Accounting. The Preliminary Settlement Statement and Final Settlement Statement will be prepared in accordance with accounting principles generally accepted accounting principles in the petroleum industry industry, consistently applied, and applicable laws, rules and regulations, and with reasonable supporting documentation for each item in those statements.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD)

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