Excess Funds and Cost Overruns-Intangible Drilling Costs. Any estimated IDCs (which are the IDCs set forth on the AFE Exhibit) prepaid by Developer with respect to any well that exceed Operator’s price specified in sub-section (a) above for the Intangible Drilling Costs of the well (i.e., the actual IDCs) shall be retained by Operator. This excess of estimated IDCs as reflected on the AFE Exhibit over the actual price of the IDCs for the well shall be applied, in proportion to the share of the Working Interest owned by the Developer in the xxxxx, to:
Appears in 3 contracts
Samples: Drilling and Operating Agreement (Atlas Resources Series 28-2010 L.P.), Drilling and Operating Agreement (Atlas Resources Series 28-2010 L.P.), Drilling and Operating Agreement (Atlas Resources Public #17-2008 (B) L.P.)
Excess Funds and Cost Overruns-Intangible Drilling Costs. Any estimated IDCs (which are the IDCs set forth on the AFE Exhibit) prepaid by Developer with respect to any well that exceed Operator’s price specified in sub-section (a) above for the Intangible Drilling Costs of the well (i.e., the actual IDCs) shall be retained by Operator. This excess of estimated IDCs as reflected on the AFE Exhibit over the actual price of the IDCs for the well shall be applied, in proportion to the share of the Working Interest owned by the Developer in the xxxxxwxxxx, to:
Appears in 1 contract
Samples: Drilling and Operating Agreement (Atlas Resources Public #17-2007 (A) L.P.)
