ALLOCATION OF COSTS (SINGLE COMPLETION. For the purpose of allocating costs on any well in which the ownership is not the same for the entire depth, the cost of drilling, completing or equipping such well shall be allocated on the following basis: (a) Intangible drilling, completion and material costs (including casing and tubing costs) from the surface to a depth one hundred (100) feet below the base of the completed zone shall be charged to the owners or the PARTIES participating in that zone. (b) Intangible drilling, completion, casing string and material costs, other than tubing costs, from a depth one hundred (100) feet below the base of the completed zone to total depth shall be charged to the owners or the PARTIES participating in the costs to total depth.
Appears in 4 contracts
Sources: Limited Partnership Agreement (Primeenergy Corp), Undivided Interest Agreement (Beta Oil & Gas Inc), Oil and Gas Lease Agreement (Beta Oil & Gas Inc)
ALLOCATION OF COSTS (SINGLE COMPLETION. For the purpose of allocating costs on any well in which the ownership is not the same for the entire depth, the cost of drilling, completing or equipping such well shall be allocated on the following basis:
(a) Intangible drilling, completion and material costs (including casing and tubing costs) from the surface to a depth one hundred (100) feet below the base of the completed zone shall shal1 be charged to the owners or the PARTIES participating in that zone.
(b) Intangible drilling, completion, casing string and material costs, other than tubing costs, from a depth one hundred (100) feet below the base of the completed zone to total depth shall be charged to the owners or the PARTIES participating in the costs to total depth.
Appears in 2 contracts
Sources: Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy K Fund LLC)
ALLOCATION OF COSTS (SINGLE COMPLETION. For the purpose of allocating costs on any well in which the ownership is not the same for the entire depth, the cost of drilling, completing or equipping such well shall be allocated on the following basis:;
(a) Intangible drilling, completion and material costs (including casing and tubing costs) from the surface to a depth one hundred (100) feet below the base of the completed zone shall be charged to the owners or the PARTIES participating in that zone.
(b) Intangible drilling, completion, casing string and material costs, other than tubing costs, from a depth one hundred (100) feet below the base of the completed zone to total depth shall be charged to the owners or the PARTIES participating in the costs to total depth.
Appears in 2 contracts
Sources: Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy K Fund LLC)
ALLOCATION OF COSTS (SINGLE COMPLETION. For the purpose of allocating costs on any well completed in only one zone in which the ownership is not the same for the entire depthdepth or the completion thereof, the cost of drilling, completing or and equipping such well shall be allocated on the following basis:
(a) Intangible drilling, completion and material costs (including casing and tubing costs) from the surface to a depth one hundred (100) feet below the base of the completed zone shall be charged to the owners or the PARTIES Parties participating in that zone.
(b) Intangible drilling, completion, casing string and material costs, other than tubing costs, from a depth of one hundred (100) feet below the base of the completed zone to total depth shall be charged to the owners or the PARTIES Parties participating in the costs to total depth.
Appears in 2 contracts
Sources: Offshore Operating Agreement (Ridgewood Energy L Fund LLC), Offshore Operating Agreement (Ridgewood Enengy K Fund LLC)