Common use of Apportioning of Costs and Miscellaneous Receipts Clause in Contracts

Apportioning of Costs and Miscellaneous Receipts. Where property, or any other thing, for which an operating cost is allowable or a miscellaneous receipt is assessable, is only used partially in conducting petroleum operations in the contract area, only that proportion of the cost or the receipt which relates to the conduct of petroleum operations in the contract area shall be allowed as an operating cost or assessed as a miscellaneous receipt.

Apportioning of Costs and Miscellaneous Receipts. Where property, or any other thing, for which an operating cost is allowable or a miscellaneous receipt is assessable, is only used partially in conducting petroleum operations activities in the contract area, only that proportion of the cost or the receipt which relates to the conduct of petroleum operations activities in the contract area shall be allowed as an operating cost or assessed as a miscellaneous receipt.