Common use of Operations Subsequent to Completion of the ▇▇▇▇▇ Clause in Contracts

Operations Subsequent to Completion of the ▇▇▇▇▇. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee at a competitive rate in the area where the well is situated, which is $975 per month for each productive well in the Marcellus Shale in western Pennsylvania and $1,500 per month for each productive well in the New Albany Shale in Indiana. The operating fees shall be proportionately reduced, on a well-by-well basis to the extent the Developer owns less than 100% of the Working Interest in a well. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the ▇▇▇▇▇ and related pipelines and facilities. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the ▇▇▇▇▇; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be invoiced by Operator to the Developer on a monthly basis, and shall be paid by the Developer within ten (10) business days after notice from Operator that the additional amounts are due and owing in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇. Any well that is temporarily abandoned or shut-in continuously for an entire calendar month shall not be considered a producing well for purposes of determining the number of ▇▇▇▇▇ in the month subject to the operating fee.