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: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 15,000± $17,500 per day $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. 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 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: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 15,000± $17,500 per day $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. 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 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: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 15,000± 12,500± $17,500 15,500 per day $17,500 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 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 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: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 15,000± 12,500± $17,500 15,500 per day $17,500 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 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 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.