Operator’s Charges for Drilling and Completing Xxxxx Sample Clauses

Operator’s Charges for Drilling and Completing Xxxxx. Each oil and gas well that is drilled and completed under this Agreement shall be drilled and completed for an amount equal to the sum of the following items: (i) the Cost of permits, supplies, materials, equipment, and all other items used in the drilling and completion of a well provided by third-parties, or if the foregoing items are provided by Affiliates of the Developer’s Managing General Partner, then those items shall be charged at competitive rates; (ii) fees for third-party services; (iii) fees for services provided by the Developer’s Managing General Partner’s Affiliates, which shall be charged at competitive rates; (iv) an administration and oversight fee at a competitive rate in the area where the well is situated, which is $244,222 per horizontal well in the Marcellus Shale primary area, and $46,122 per horizontal well in the New Albany Shale (Indiana) primary area; and (v) a xxxx-up in an amount equal to 18% of the sum of (i), (ii), (iii) and (iv), above, for the Developer’s Managing General Partner’s services as general drilling contractor as Operator under this Agreement.
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Operator’s Charges for Drilling and Completing Xxxxx. Payment; Completion Determination; Dry Hole Determination; Excess Funds and Cost Overruns-Intangible Drilling Costs; Excess Funds and Cost Overruns-Tangible Costs.
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Operator’s Charges for Drilling and Completing Xxxxx. All oil and gas xxxxx which are drilled and completed under this Agreement shall be drilled and completed on a Cost plus 15% basis. “Cost,” when used with respect to services, shall mean the reasonable, necessary, and actual expenses incurred by Operator on behalf of Developer in providing the services under this Agreement, determined in accordance with generally accepted accounting principles. As used elsewhere, “Cost” shall mean the price paid by Operator in an arm’s-length transaction. The estimated price for each of the xxxxx shall be set forth in an Authority for Expenditure (“AFE”) which shall be attached to this Agreement as an Exhibit, and shall cover all ordinary costs which may be incurred in drilling and completing each well. This includes without limitation, site preparation, permits and bonds, roadways, surface damages, power at the site, water, Operator’s overhead and profit, rights-of-way, drilling rigs, equipment and materials, costs of title examinations, logging, cementing, fracturing, casing, meters (other than utility purchase meters), connection facilities, salt water collection tanks, separators, siphon string, rabbit, tubing, an average of 2,500 feet of gathering line per well in connection with a gas well, and geological and engineering services.
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Operator’s Charges for Drilling and Completing Xxxxx. Each oil and gas well that is drilled and completed under this Agreement shall be drilled and completed for an amount equal to the sum of the following items: (i) the Cost of permits, supplies, materials, equipment, and all other items used in the drilling and completion of a well provided by third-parties, or if the foregoing items are provided by Affiliates of the Developer’s Managing General Partner, then those items shall be charged at competitive rates; (ii) fees for third-party services; (iii) fees for services provided by the Developer’s Managing General Partner’s Affiliates, which shall be charged at competitive rates; (iv) an administration and oversight fee of $15,000 per well, which shall be charged to the Developer’s investors as part of each well’s Intangible Drilling Costs, as that term is defined below and the portion of Tangible Costs, as that term is defined below, paid by the Developer’s investors; and (v) a xxxx-up in an amount equal to 15% of the sum of (i), (ii), (iii) and (iv), above, for the Developer’s Managing General Partner’s services as general drilling contractor as Operator under this Agreement.“Cost” shall mean the price paid by Operator in an arm’s-length transaction. Additionally, if the Developer’s Managing General Partner drills a well for the Developer that the Managing General Partner determines is not an average well in the area because of the well’s depth, complexity associated with either drilling or completion activity or as otherwise determined by the Managing General Partner, the administration and oversight fee of $15,000 per well described in §4.02(d)(1)(iv) of the Developer’s Partnership Agreement may be increased to a competitive rate as determined by the Managing General Partner. The estimated price for drilling and completing each of the xxxxx shall be set forth in an Authority for Expenditure (“AFE”) that shall be attached to this Agreement as an Exhibit, and shall cover all ordinary costs which may be incurred in drilling and completing (or plugging) each well. This includes without limitation, site preparation, permits and bonds, roadways, surface damages, power at the site, water, Operator’s compensation as set forth above, rights-of-way, drilling rigs, equipment and materials, costs of title examinations, logging, cementing, fracturing, casing, meters (other than utility purchase meters), connection facilities, salt water collection tanks, separators, siphon string, rabbit, tubing, an average of 2,500 f...
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Operator’s Charges for Drilling and Completing Xxxxx. Each oil and gas well which is drilled and completed under this Agreement shall be drilled and completed on a Cost plus an unaccountable, fixed payment reimbursement of $15,000 per well for Developer’s Participants’ share of Operator’s general and administrative overhead plus 15% basis. “Cost,” when used with respect to services, shall mean the reasonable, necessary, and actual expenses incurred by Operator on behalf of Developer in providing the services under this Agreement, determined in accordance with generally accepted accounting principles. As used elsewhere, “Cost” shall mean the price paid by Operator in an arm’s-length transaction. The estimated price for each of the xxxxx shall be set forth in an Authority for Expenditure (“AFE”) which shall be attached to this Agreement as an Exhibit, and shall cover all ordinary costs which may be incurred in drilling and completing each well. This includes without limitation, site preparation, permits and bonds, roadways, surface damages, power at the site, water, Operator’s overhead and profit, rights-of-way, drilling rigs, equipment and materials, costs of title examinations, logging, cementing, fracturing, casing, meters (other than utility purchase meters), connection facilities, salt water collection tanks, separators, siphon string, rabbit, tubing, an average of 2,500 feet of gathering line per well, in connection with a gas well, and geological and engineering services.
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Operator’s Charges for Drilling and Completing Xxxxx. Completion Determination
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