Common use of OWNER INVENTORIES Clause in Contracts

OWNER INVENTORIES. Subject to the terms of the Agreement to which this Accounting Procedure is attached, the Owner may conduct a physical inventory at reasonable times at its sole cost and risk after giving the Operator at least ninety (90) days prior written notice. The Owner inventory report shall be furnished to the Operator in writing within ninety (90) days of completing the inventory fieldwork.

Appears in 2 contracts

Sources: Well Services Agreement (Vanguard Natural Resources, LLC), Well Services Agreement (Vanguard Natural Resources, LLC)