Common use of NON-DIRECTED INVENTORIES Clause in Contracts

NON-DIRECTED INVENTORIES. A. OPERATOR INVENTORIES Physical inventories that are not requested by the Non-Operators may be performed by the Operator, at the Operator’s discretion. The expenses of conducting such Operator-initiated inventories shall not be charged to the Joint Account.

Appears in 3 contracts

Samples: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)

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NON-DIRECTED INVENTORIES. A. OPERATOR INVENTORIES Physical inventories that are not requested by the Non-Operators Owner may be performed by the Operator, at the Operator’s discretion. The expenses of conducting such Operator-initiated inventories shall not be charged to the Joint Well Account.

Appears in 2 contracts

Samples: Well Services Agreement (Vanguard Natural Resources, LLC), Well Services Agreement (Vanguard Natural Resources, LLC)

NON-DIRECTED INVENTORIES. A. OPERATOR XXXRATOR INVENTORIES Physical inventories that are not requested by the Non-Operators may be performed by the Operator, at the Operator’s 's discretion. The expenses of conducting such Operator-initiated inventories shall not be charged to the Joint Account.

Appears in 2 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC)

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NON-DIRECTED INVENTORIES. A. OPERATOR INVENTORIES Physical Periodic physical inventories that are not requested by the Non-Operators Operator may be performed by the Operator, Operator at the Operator’s discretion. The expenses of conducting such Operator-initiated Operator inventories shall not be charged to the Joint Account.

Appears in 1 contract

Samples: Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp)

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