Unit Operators Clause Samples
The Unit Operators clause designates a specific party or entity responsible for managing and operating a jointly owned unit, such as an oil and gas field or other shared resource. This clause typically outlines the powers, duties, and limitations of the unit operator, including authority to make operational decisions, manage expenditures, and report to the other co-owners. By clearly assigning operational control and delineating responsibilities, the clause ensures efficient management of the unit and helps prevent disputes among co-owners regarding day-to-day operations.
Unit Operators. If regular overtime is required in the Operating Assistant classification, the order of call out shall be as follows:
Unit Operators. Unit Operator shall comply with the Workmen's Compensation law of the state in which the Unit Area is located. Unit Operator shall also maintain in force at all times with respect to operations hereunder such other insurance, if any, as may be required by law. In addition, Unit Operator shall maintain such other insurance, if any, as is described in Exhibit 5 hereto attached or as is Approved from time to time by the Parties. Unit Operator shall carry no other insurance for the benefit of the Parties except as above specified. Upon written request of any Party, Unit Operator shall furnish evidence of insurance carried by it with respect to operations hereunder.