Common use of Competitive Rates and Use of Affiliates Clause in Contracts

Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges shall not exceed the prevailing rates in the area and the rate of the charges shall be agreed on by the parties in writing before drilling operations are commenced, and the work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 4 contracts

Samples: Joint Operating Agreement, Golden Lane Participation Agreement (New Source Energy Partners L.P.), Operating Agreement (New Source Energy Corp)

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Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges therefor shall not exceed the prevailing rates in the area and the rate of the such charges shall be agreed on upon by the parties in writing before drilling operations are commenced, and the such work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 3 contracts

Samples: Operating Agreement (Explortex Energy Inc.), Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)

Competitive Rates and Use of Affiliates. All xxxxx drilled on and other operations in the Contract Area shall be drilled and/or performed on a competitive contract basis at the usual rates prevailing in the area. If it Operator so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges shall not exceed the prevailing rates in the area area, and the rate of the charges shall be agreed on upon by the parties Parties in writing before drilling operations are commenced. Additionally, and the work shall be performed by Operator under the same substantially similar general terms and conditions as are customary and usual in the area in contracts of area, if any, for agreements with independent contractors who are doing that do work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 2 contracts

Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)

Competitive Rates and Use of Affiliates. All xxxxx wxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxxwxxxx, but its charges therefor shall not exceed the prevailing rates in the area and the rate of the such charges shall be agreed on upon by the parties in writing before drilling operations are commenced, and the such work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 2 contracts

Samples: Operating Agreement (EV Energy Partners, LP), Operating Agreement (Belden & Blake Corp /Oh/)

Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges therefore shall not exceed the prevailing rates in the area and the rate of the such charges shall be agreed on upon by the parties in writing before drilling operations are commenced, and the such work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 1 contract

Samples: Farmout Agreement (PetroSouth Energy Corp.)

Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Unit Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Unit Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges therefor shall not exceed the prevailing rates in the area and the rate of the such charges shall be agreed on upon by the parties in writing before drilling operations are commenced, and the such work shall be performed by Unit Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors contracts who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Unit Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 1 contract

Samples: Antelope Creek Unit Operating Agreement (Petroglyph Energy Inc)

Competitive Rates and Use of Affiliates. All xxxxx wxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxxwxxxx, but its charges therefor shall not exceed the prevailing rates in the area and the rate of the such charges shall be agreed on upon by the parties in writing before drilling operations are commenced, and the such work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed perforated or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 1 contract

Samples: Operating Agreement (American Standard Energy Corp.)

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Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges therefore shall not exceed the prevailing rates in the area and the rate of the such charges shall be agreed on upon by the parties in writing before drilling operations are commenced, and the such work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates Affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry. Nothing herein shall be construed as being a Turnkey Agreement.

Appears in 1 contract

Samples: Operating Agreement (Egpi Firecreek, Inc.)

Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges shall not exceed the prevailing rates in the area and the rate of the those charges shall be agreed on in writing by the parties in writing Parties, before drilling operations are commenced, and the work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties Affiliates of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 1 contract

Samples: Operating Agreement (West Texas Resources, Inc.)

Competitive Rates and Use of Affiliates. All xxxxx drilled on the Contract Area shall be drilled on a competitive contract basis at the usual rates prevailing in the area. If it so desires, Operator may employ its own tools and equipment in the drilling of xxxxx, but its charges therefor shall not exceed the prevailing rates in the area and the rate of the charges shall be agreed on by the parties in writing before drilling operations are commenced, and the such work shall be performed by Operator under the same terms and conditions as are customary and usual in the area in contracts of independent contractors who are doing work of a similar nature. All work performed or materials supplied by affiliates or related parties of Operator shall be performed or supplied at competitive rates, pursuant to written agreement, and in accordance with customs and standards prevailing in the industry.

Appears in 1 contract

Samples: Operating Agreement (Megawest Energy Corp.)

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