Operating Day Rate Sample Clauses

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 12,500± $ 15,500 per day $ 15,500 per day Using Operator’s drill pipe $ per day. The rate will begin when the drilling unit is rigged up at the drilling location, or positioned over the location during marine work, and ready to commence operations; and will cease when the rig and pits are cleaned & wellhead is installed. If under the above column “With Drill Pipe” no rates are specified, (he rate per twenty-four hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATE PER 24-HOUR DAY Straight Hole Size Grade $ per ft. $ per ft. $ per ft. Directional or Uncontrollable Deviated Hole Size Grade $ per ft. $ per ft. $ per ft. Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds 6 degrees or when the change of angle exceeds 3 degrees per one hundred feet. Drill pipe shall be considered in use not only when in actual use but also while it is being picked up or laid down. When drill pipe is standing in the xxxxxxx, it shall not be considered in use, provided, however, that if Contractor furnishes special strings of drill pipe, drill collars, and handling tools as provided for in Exhibit “A”, the same shall be considered in use at all times when on location or until released by Operator. In no event shall fractions of an hour be considered in computing the amount of time drill pipe is in use but such time shall be computed to the nearest hour, with thirty minutes or more being considered a full hour and less than thirty minutes not to be counted.
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Operating Day Rate. Contractor shall be paid an Operating Day Rate of payable from the commencement date and at all times during the term of the Agreement, except when specially otherwise provided for in this Agreement.
Operating Day Rate. US$ 750 per hour. The Operating Day Rate shall commence from the day following the day on which Contractor notifies Zion in writing that the Drilling Unit is rigged-up over the well and Zion's representative deems that the Drilling Unit is ready to begin operations pursuant to the Procedures, following the completion of the Drilling Unit acceptance test, provided that Zion will conclude such acceptance test within 1 (one) day of notification of the Contractor as aforesaid (such one (1) day period not to include any time necessary for repair of any deficiencies brought to the Contractor's attention in the course of the acceptance test and necessary to bring the Drilling Unit up to specification). Nippling up of the B.O.P. shall take place after the satisfactory completion of the acceptance test with the installation time to be paid for at the Operating Day Rate. Subject as otherwise provided herein, the Operating Day Rate shall continue until Zion's representative informs the Contractor that operations pursuant to the Procedures are completed, the drill string has been removed from the hole and is laid down, the B.O.P. stack has been dismantled and removed from the base, the xxxxxxx has been lowered and the mud pits have been cleaned (such day the "Procedures Termination Date").
Operating Day Rate. FOR WORK PERFORMED PER TWENTY-FOUR (24) HOUR DAY WITH 4 MAN CREW THE OPERATING DAY RATE SHALL BE: DEPTH INTERVALS FROM TO WITHOUT DRILL PIPE WITH DRILL PIPE $ 13.500 RIGS 4, 6, 8 PER DAY $ 13.500 RIGS 4, 6, 8 PER DAY $ 12.500 RIGS 1, 2 PER DAY $ 12.500 RIGS 1, 2 PER DAY $ PER DAY $ PER DAY USING OPERATOR’S DRILL PIPE $ ______________ PER DAY. THE RATE WILL BEGIN WHEN THE DRILLING UNIT IS RIGGED UP AT THE DRILLING LOCATION, OR POSITIONED OVER THE LOCATION DURING MARINE WORK, AND READY TO COMMENCE OPERATIONS; AND WILL CEASE WHEN THE RIG IS READY TO BE MOVED OFF THE LOCATION. IF UNDER THE ABOVE COLUMN “WITH DRILL PIPE” NO RATES ARE SPECIFIED, THE RATE PER TWENTY-FOUR HOUR DAY WHEN DRILL PIPE IS IN USE SHALL BE THE APPLICABLE RATE SPECIFIED IN THE COLUMN “WITHOUT DRILL PIPE” PLUS COMPENSATION FOR ANY DRILL PIPE ACTUALLY USED AT THE RATES SPECIFIED BELOW, COMPUTED ON THE BASIS OF THE MAXIMUM DRILL PIPE IN USE AT ANY TIME CURING EACH TWENTY-FOUR HOUR DAY. DRILL PIPE RATE PER 24-HOUR DAY STRAIGHT HOLE SIZE GRADE DIRECTIONAL OR UNCONTROLLABLE DEVIATED HOLE SIZE GRADE $ PER FT. $ PER FT. $ PER FT. $ PER FT. $ PER FT. $ PER FT. DIRECTIONAL OR UNCONTROLLED DEVIATED HOLE WILL BE DEEMED TO EXIST WHEN DEVIATION EXCEEDS __________ DEGREES OR WHEN THE CHANGE OF ANGLE EXCEEDS __________ DEGREES PER ONE HUNDRED FEET. DRILL PIPE SHALL BE CONSIDERED IN USE NOT ONLY WHEN IN ACTUAL USE BUT ALSO WHILE IT IS BEING PICKED UP OR LAID DOWN. WHEN DRILL PIPE IS STANDING IN THE XXXXXXX, IT SHALL NOT BE CONSIDERED IN USE. PROVIDED, HOWEVER, THAT IF CONTRACTOR FURNISHES SPECIAL STRINGS OF DRILL PIPE, DRILL COLLARS, AND HANDLING TOOLS AS PROVIDED FOR IN EXHIBIT “A”, THE SAME SHALL BE CONSIDERED IN USE AT ALL TIMES WHEN ON LOCATION OR UNTIL RELEASED BY OPERATOR. IN NO EVENT SHALL FRACTIONS OF AN HOUR BE CONSIDERED IN COMPUTING THE AMOUNT OF TIME DRILL PIPE IS IN USE BUT SUCH TIME SHALL BE COMPUTED TO THE NEAREST HOUR, WITH THIRTY MINUTES OR MORE BEING CONSIDERED A FULL HOUR AND LESS THAN THIRTY MINUTES NOT TO BE COUNTED.
Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: DEPTH INTERVALS See 23.2 FROM TO WITHOUT DRILL PIPE WITH DRILL PIPE $ per day per day ---------- ---------- --------------- --------------- $ per day per day ---------- ---------- --------------- --------------- $ per day per day ---------- ---------- --------------- --------------- Using Operator's drill pipe $ per day --------------- If under the above column "With Drill Pipe" no day rates are specified, the daywork rate per twenty-four hour day when drill pipe is in use shall be the applicable daywork rate specified in the column "Without Drill Pipe" plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATES PER 24-HOUR DAY DIRECTIONAL OR STRAIGHT HOLE SIZE GRADE UNCONTROLLABLE DEVIATED HOLE SIZE GRADE $ per ft. $ per ft. ------------------------- ---------- --------- ------------------------- ---------- ---------- $ per ft. $ per ft. ------------------------- ---------- --------- ------------------------- ---------- ---------- $ per ft. $ per ft. ------------------------- ---------- --------- ------------------------- ---------- ---------- Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds __________ degrees or when the change of angle exceeds __________ degrees per one hundred feet. Drill pipe shall be considered in use not only when in actual use but also while it is being picked up or laid down. When drill pipe is standing in the derrxxx, xx shall not be considered in use, provided, however, that if Contractor furnishes special strings of drill pipe, drill collars, and handling tools as provided for in Exhibit "A", the same shall be considered in use at all times when on location or until released by Operator. In no event shall fractions of an hour be considered in computing the amount of time drill pipe is in use but such time shall be computed to the nearest hour, with thirty minutes or more being considered a full hour and less than thirty minutes not to be counted. Operating rate will begin when the drilling unit is rigged up at the drilling location, or positioned over the location during marine work, and ready to commence operations; and will cease when the rig is ready to be moved off the location.
Operating Day Rate. For work performed per twenty-four (24) hour day with FOUR (4) man crew The operating day rate shall commence at the time the 1st collar is picked up to go into the hole and be: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 TD $14,500.00 per day $14,500.00 per day The rate will begin when the drilling unit is rigged up at the drilling location, and ready to commence operations; and will cease when the rig is ready to be moved off location. If under the above column “With Drill Pipe” no rates are specified, the rate per twenty-dour hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATE PER 24-HOUR DAY Straight Hole Size Grade Directional or Size Grade Uncontrollable Deviated Hole $ per ft. $ per ft $ per ft. $ per ft $ per ft. $ per ft Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds degrees or when the change of angle exceeds degrees per hundred feet.

Related to Operating Day Rate

  • Business Day Adjustment If the day by which a payment is due to be made is not a Business Day, that payment shall be made by the next succeeding Business Day unless that next succeeding Business Day falls in a different calendar month, in which case that payment shall be made by the Business Day immediately preceding the day by which such payment is due to be made.

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Interest Rate Determination (a) The Administrative Agent shall give prompt notice to the Borrower and the Lenders of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.11(a) or (b), and, if applicable, the rate for the purpose of determining the applicable interest rate under Section 2.11(c).

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

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