Unit Operator. 6.1 Reserve Oil and Gas Company is hereby designated the Unit Operator, and by signing this instrument as Unit Operator, it agrees and consents to accept the duties and obligations of Unit Operator for the operation, development and production of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interests in Unitized Substances, and the term “Working Interest Owner”, when used herein, shall include or refer to the Unit Operator as the owner of a working interest when such an interest is owned by it.
Appears in 2 contracts
Sources: Unit Agreement (Resaca Exploitation, Inc.), Unit Agreement (Resaca Exploitation, Inc.)