Common use of Operating Clause in Contracts

Operating. Percent (____%) of the cost of Operating the Joint Property exclusive of costs provided under Paragraphs 1 and 9 of Section II, all salvage credits, the value of injected substances purchased for secondary recovery and all taxes and assessments which are levied, assessed and paid upon the mineral interest in and to the Joint Property.

Operating. Percent (____%) of the cost of Operating the Joint Property exclusive of costs provided under Paragraphs 1 and 9 of Section II, all salvage credits, the value of injected substances purchased for secondary recovery and all taxes and assessments which are levied, assessed and paid upon the mineral interest in and to the Joint Property.Property COPAS-1986-OFFSHORE Recommended by the Council of Petroleum Accountants Societies

Operating. Ten Percent (____10%) of the cost of Operating operating the Joint Property exclusive of costs provided under Paragraphs 1 2. and 9 10. of Section II., all salvage credits, the value of injected substances purchased for secondary recovery and all taxes and assessments which are levied, assessed assessed, and paid upon on the mineral interest in and to the Joint Property.

Operating. Percent (____%) of the cost of Operating operating the Joint Property exclusive of costs provided under Paragraphs 1 2 and 9 10 of Section II, all salvage credits, the value of injected substances purchased for secondary recovery and all taxes and assessments which are levied, assessed and paid upon the mineral interest in and to the Joint Property.

Operating. Percent (____%) of the cost of Operating the Joint Property exclusive of costs provided under Paragraphs 1 I and 9 of Section II, all salvage credits, the value of injected substances purchased for secondary recovery and all taxes and assessments which are levied, assessed and paid upon the mineral interest in and to the Joint Property.