Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 14 contracts
Samples: Operating Agreement (Alamo Energy Corp.), Operating Agreement (EV Energy Partners, LP), Operating Agreement (Belden & Blake Corp /Oh/)
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material those Materials shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operationsoperators. The accumulation of surplus stocks shall be avoided.
Appears in 6 contracts
Samples: Joint Operating Agreement, Participation Agreement (New Source Energy Partners L.P.), Operating Agreement (RICHFIELD OIL & GAS Co)
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use use; and is reasonably practical and consistent with efficient and economical operations. The the accumulation of surplus stocks shall be avoided.
Appears in 4 contracts
Samples: Unit Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.)
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IVparagraph 3. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operationsoperations will be charged. The accumulation of surplus stocks shall be avoidedminimized at all times.
Appears in 3 contracts
Samples: Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.)
Material. Material purchased or furnished by the Operator for use on the Joint Property in the conduct of Joint Operations as provided under Section IVIV (Material Purchases, Transfers, and Dispositions). Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and or is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 3 contracts
Samples: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)
Material. Material Material, equipment, and supplies purchased or furnished by Operator Operator, for use on of the Joint Property joint property. So far as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and it is reasonably practical and consistent with efficient and economical operations. The operation, only such material shall be purchased for or transferred to the joint property as required for immediate use, and the accumulation of surplus stocks shall be avoidedavoided wherever possible.
Appears in 2 contracts
Samples: Joint Operating Agreement (Canada Southern Petroleum LTD), Joint Operating Agreement (Magellan Petroleum Corp /De/)
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. [V Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. operations The accumulation of surplus stocks shall be avoided.
Appears in 2 contracts
Samples: Sale Agreement, Sale of Properties (West Texas Resources, Inc.)
Material. Material Materials purchased or furnished by the Operator for use on the Joint Property in the conduct of Joint Operations as provided under Section IV. Only such Material Materials shall be purchased for or transferred to the Joint Property as may be required for immediate use and or is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 2 contracts
Samples: Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp), Operating Agreement (Anadarko Petroleum Corp)
Material. Material Material, equipment, and supplies purchased or furnished by Operator Operator, for use on of the Joint Property as provided under Section IVjoint property. Only So far all reasonably practical and consistent with efficient and economical operation, only such Material material shall be purchased for or transferred to the Joint Property joint property as may be required for immediate use use, and is reasonably practical and consistent with efficient and economical operations. The the accumulation of surplus stocks shall be avoidedavoided wherever possible.
Appears in 1 contract
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Such Material shall will only be purchased for or transferred to the Joint Property as may be required for immediate use and as is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall of such Material will be avoided.
Appears in 1 contract
Samples: Master Operating Agreement (Mainland Resources Inc.)
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be maybe required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 1 contract
Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)
Material. Material purchased or furnished by Operator Operator, for use on of the Joint Property joint property. So far as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and it is reasonably practical and consistent with efficient and economical operations. The operation, only such material shall be purchased for or transferred to the joint property as required for immediate use, and the accumulation of surplus stocks shall be avoided.
Appears in 1 contract
Material. Material purchased or furnished by the Manager of Operations or Contract Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 1 contract
Samples: Joint Development Agreement (Independence Energy Corp.)
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of excessive surplus stocks shall be avoided.
Appears in 1 contract
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only So far as it is reasonably practical and consistent with efficient and economical operation of the Facilities, only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operationsuse. The accumulation of surplus stocks shall be avoided.
Appears in 1 contract
Samples: Operating Agreement (Enterprise Products Partners L P)
Material. Material purchased or furnished by Operator for use on the Joint Property joint property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably reasonable practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 1 contract
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 1 contract
Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.
Appears in 1 contract
