Common use of Fixed Rate Basis Clause in Contracts

Fixed Rate Basis. Operator shall charge the Joint Account at the following rates per well per month: See Attached Addenda Drilling Well Rate $___ (Prorated for less than a full month) Producing Well Rate $___

Appears in 2 contracts

Sources: Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)

Fixed Rate Basis. (1) Operator shall charge the Joint Account at the following rates per well well, per month: See Attached Addenda Drilling Well Rate $$ ___ ________. (Prorated for less than a full month) Producing Well Rate $$ ________. (2) Application of Overhead – Fixed Rate Basis shall be as follows:

Appears in 1 contract

Sources: Operating Agreement (West Texas Resources, Inc.)