Common use of Operating Day Rate Clause in Contracts

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: 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. $ 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 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.

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: 0 12,500± 15,000± $ 15,500 17,500 per day $ 15,500 17,500 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. $ 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 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.

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 4 man crew the operating day rate shall be: 0 12,500± $ 15,500 13.500 RIGS 4, 6, 8 per day $ 15,500 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 and pits are cleaned & wellhead is installedready to be moved off the location. If under the above column “With Drill Pipe” no rates are specified, (he 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 during each twenty-four hour day. $ 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 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.

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: 0 12,500± $ 15,500 per day $ 15,500 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 and pits are cleaned & wellhead is installed. If ready to be moved off the local if under the above column “With Drill Pipe” no rates are specified, (he 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 during each twenty-four hour day. $ 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 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.

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 One Rig Manager and two 5-man crew the crews operating day rate shall be: 0 12,500± From To Without Drill Pipe With Drill Pipe $ 15,500 18,866.00 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. day If under the above column “With Drill Pipe” " no day rates are specified, (he 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. $ 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 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 tolls 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.