Back Costs definition

Back Costs the costs incurred by the Operator, including those costs incurred by the Operator on behalf of the Contracting Party, for work associated with this Contract prior to the date it is coming into force , including drawing up time, expenses in terms of the Operator’s Staff and for the funding of overseas visits of representatives of the DRC.
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Back Costs means the Percentage Interest share attributable to each of the P2123 Farmed Interests of all costs Accrued in respect of P2123 prior to Completion of the assignment of the P2123 Farmed Interests (such amounts being agreed prior to the Effective Date to be £31,135 in respect to the SWR P2123 Farmin Interest and £17,513 in respect of the Petro P2123 Farmin Interest);
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Back Costs means such past costs and seismic costs relating to the Earn-in Wells as set out in Schedule 4
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Examples of Back Costs in a sentence

  • During the Program Term, the Parties agree to drill and pay for their respective Working Interest Share of (a) the Costs to Casing Point of the Program W▇▇▇▇, (b) if GASCO elects to participate in the Completion of a Program Well, the Completion Costs of such Program Well, and (c) if GASCO elects to participate in the Recompletion, Rework or Plugging Back of a Program Well, the Recompletion, Reworking or Plugging Back Costs of such Program Well.

  • Berkley shall pay Northrock the Back Costs within 30 days of execution of the Letter Farmout Agreement.

  • If GASCO receives an invoice or a reimbursement relating to Costs to Casing Point, Completion Costs and Recompletion, Reworking or Plugging Back Costs after the expiration of the 120 day period referenced in this Section 3.2(f), the Parties shall account for such invoice or reimbursement, by invoicing or crediting, as applicable, in the same manner as provided in connection with excess Actual Well Costs and Overpayment Amounts.

  • Berkley has satisfied the Back Costs in the amount of $470,640.95.

  • After preparation of a design for the Recompletion, Rework or Plugging Back of a Program Well to be Recompleted, Reworked and/or Plugged Back, GASCO shall furnish to NFR an AFE for the Recompletion, Reworking or Plugging Back Costs of such Program Well and a Cash Call in the amount of NFR’s Working Interest Share of such AFE.

  • Berkley shall be responsible for a 32.5% share of all costs incurred after the date of this agreement and not included in the Earning Operations, the Tulita Seismic or the Back Costs.


More Definitions of Back Costs

Back Costs the costs paid by the Contractor, including expenses incurred by the Operator on behalf of the Contractor, for work related to the contract before its Effective Date, including text preparation costs, Operator’s staff as well as financing of visits of representatives of “DRC”.
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Back Costs is defined in Section 9.1.
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