Operator Responsibilities. (a) The Operator shall conduct and direct and have full control of all operations as permitted and required by this Agreement. Operator shall, in addition to its other obligations hereunder: (i) determine at all times when any well shall be completed, plugged and abandoned or remedial work performed and which sands to complete (whether upon completion of drilling operations or thereafter); (ii) manage and conduct all field operations in connection with drilling, testing, completing, recompleting, equipping, operating and producing of the ▇▇▇▇▇; (iii) maintain all ▇▇▇▇▇, equipment, pipelines and facilities in good working order during the useful life thereof; and (iv) perform the necessary administrative and accounting functions. (b) The decision of Operator shall be final and conclusive, and shall be binding upon all parties. Operator shall conduct all such operations in a good and workmanlike manner, but it shall have no liabilities as Operator to any party for losses sustained, or liabilities incurred, except such as may result from Operator’s gross negligence or willful misconduct.
Appears in 2 contracts
Sources: Drilling and Operating Agreement (Indigo-Energy, Inc.), Drilling and Operating Agreement (Indigo-Energy, Inc.)