Subsequent to spudding Clause Samples
The 'Subsequent to spudding' clause defines the obligations or actions that must occur after the initial drilling of a well has commenced, known as 'spudding.' Typically, this clause outlines timelines, reporting requirements, or operational steps that follow the start of drilling, such as notifying stakeholders or commencing certain work phases. Its core function is to ensure that all parties are clear on the sequence of events and responsibilities that arise immediately after drilling begins, thereby promoting coordination and reducing the risk of misunderstandings or delays.
Subsequent to spudding. If such termination occurs after the spudding of the well, Operator shall pay Contractor (1) the amount for all applicable rates and all other charges and reimbursements due to Contractor; but in no event shall such sum, exclusive of reimbursements due, be less than would have been earned for N/A days at the applicable rate “Without Drill Pipe” and the actual amount due for drill pipe used in accordance with the above rates; or (2) at the election of Contractor and in lieu of the foregoing, Operator shall pay Contractor for all expenses reasonably and necessarily incurred and to be incurred by reason of this Contract and by reason of such premature termination plus a lump sum of $N/A provided, however, if this Contract is for a term of more than one well or for a period of time. Operator shall pay Contractor, in addition to the above, the Force Majeure Rate less any unnecessary labor from the date of termination until the end of the term or
Subsequent to spudding. If work is terminated by Operator after spudding the well, Operator shall pay Contractor the Turnkey Price less the amount calculated pursuant to the proration formula specified in Appendix A, plus payment for work performed at the applicable daywork rates.
Subsequent to spudding. If such termination occurs after the spudding of the well, Operator shall pay Contractor (1) the amount for all applicable rates and all other charges and reimbursements due to Contractor, but in no event shall such sum, exclusive of reimbursements due, be less than would have been earned for 30 days at the applicable rate “Without Drill Pipe” and the actual amount due for drill pipe used in accordance with the above rates; ________________________________________________________________________________________.
Subsequent to spudding. If such termination occurs after the spudding of the first well, Operator shall pay Contractor (1) the amount for all applicable daywork rates and all other charges and reimbursements due to Contractor; and (2) demobilization fee.