Common use of Operations Subsequent to Completion of the Xxxxx Clause in Contracts

Operations Subsequent to Completion of the Xxxxx. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee of $275 per month for each well being operated under this Agreement, proportionately reduced to the extent the Developer owns less than 100% of the Working Interest in the xxxxx. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the xxxxx and related pipelines and facilities. If a third-party serves as the actual operator of the well, then this fee shall be $25 above the actual third-party operator's monthly charges. The $25 will be retained by Operator each month for reviewing the costs and expenses charged by the third-party operator and monitoring the third-party operator's accounting and production records for the well on behalf of the Developer. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the xxxxx; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be paid by the Developer in proportion to the share of the Working Interest owned by the Developer in the xxxxx. Any well which is temporarily abandoned or shut-in continuously for the entire month shall not be considered a producing well for purposes of determining the number of xxxxx in the month subject to the operating fee.

Operations Subsequent to Completion of the Xxxxx. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee of at a competitive rate in the area where the well is situated, which is $275 975 per month for each productive well being operated under this Agreementin the Marcellus Shale in western Pennsylvania and $1,500 per month for each productive well in the New Albany Shale in Indiana. The operating fees shall be proportionately reduced, proportionately reduced on a well-by-well basis to the extent the Developer owns less than 100% of the Working Interest in the xxxxxa well. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the xxxxx and related pipelines and facilities. If a third-party serves as the actual operator of the well, then this fee shall be $25 above the actual third-party operator's monthly charges. The $25 will be retained by Operator each month for reviewing the costs and expenses charged by the third-party operator and monitoring the third-party operator's accounting and production records for the well on behalf of the Developer. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the xxxxx; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be invoiced by Operator to the Developer on a monthly basis, and shall be paid by the Developer within ten (10) business days after notice from Operator that the additional amounts are due and owing in proportion to the share of the Working Interest owned by the Developer in the xxxxx. Any well which that is temporarily abandoned or shut-in continuously for the an entire calendar month shall not be considered a producing well for purposes of determining the number of xxxxx in the month subject to the operating fee.

Operations Subsequent to Completion of the Xxxxx. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee of $275 392 per month for each well being operated under this Agreement, which operating fee shall be proportionately reduced reduced, on a well-by-well basis to the extent the Developer owns less than 100% of the Working Interest in the xxxxxa well. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the xxxxx and related pipelines and facilities. If a third-party serves as the actual operator of the well, then this fee shall be $25 above the actual third-party operator's monthly charges. The $25 will be retained by Operator each month for reviewing the costs and expenses charged by the third-party operator and monitoring the third-party operator's accounting and production records for the well on behalf of the Developer. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the xxxxx; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be invoiced by Operator to the Developer on a monthly basis, and shall be paid by the Developer within ten (10) business days after notice from Operator that the additional amounts are due and owing in proportion to the share of the Working Interest owned by the Developer in the xxxxx. Any well which that is temporarily abandoned or shut-in continuously for the an entire calendar month shall not be considered a producing well for purposes of determining the number of xxxxx in the month subject to the operating fee.

Operations Subsequent to Completion of the Xxxxx. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee of $275 362 per month for each well being operated under this Agreement, which operating fee shall be proportionately reduced reduced, on a well-by-well basis to the extent the Developer owns less than 100% of the Working Interest in the xxxxxa well. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the xxxxx and related pipelines and facilities. If a third-party serves as the actual operator of the well, then this fee shall be $25 above the actual third-party operator's monthly charges. The $25 will be retained by Operator each month for reviewing the costs and expenses charged by the third-party operator and monitoring the third-party operator's accounting and production records for the well on behalf of the Developer. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the xxxxx; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be invoiced by Operator to the Developer on a monthly basis, and shall be paid by the Developer within ten (10) business days after notice from Operator that the additional amounts are due and owing in proportion to the share of the Working Interest owned by the Developer in the xxxxx. Any well which that is temporarily abandoned or shut-in continuously for the an entire calendar month shall not be considered a producing well for purposes of determining the number of xxxxx in the month subject to the operating fee.

Operations Subsequent to Completion of the Xxxxx. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee of $275 285 per month for each well being operated under this Agreement, proportionately reduced to the extent the Developer owns less than 100% of the Working Interest in the xxxxx. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the xxxxx and related pipelines and facilities. If a third-party serves as the actual operator of the well, then this fee shall be $25 above the actual third-party operator's monthly charges. The $25 will be retained by Operator each month for reviewing the costs and expenses charged by the third-party operator and monitoring the third-party operator's accounting and production records for the well on behalf of the Developer. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the xxxxx; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be paid by the Developer in proportion to the share of the Working Interest owned by the Developer in the xxxxx. Any well which is temporarily abandoned or shut-in continuously for the entire month shall not be considered a producing well for purposes of determining the number of xxxxx in the month subject to the operating fee.

Operations Subsequent to Completion of the Xxxxx. Beginning with the month in which a well drilled under this Agreement begins to produce, Operator shall be entitled to an operating fee of $275 per month for each well being operated under this Agreement, proportionately reduced to the extent the Developer owns less than 100% of the Working Interest in the xxxxx. This fee shall be in lieu of any direct charges by Operator for its services or the provision by Operator of its equipment for normal superintendence and maintenance of the xxxxx and related pipelines and facilities. If Also, this fee shall not be received by Operator if a third-party serves as the actual operator of the well, then in which case Operator's duties under this fee Agreement with respect to the well shall be $25 above the actual third-party operator's monthly charges. The $25 will be retained by Operator each month for consist of reviewing the costs and expenses charged by the third-party operator and monitoring the third-party operator's accounting and production records for the well on behalf of the Developer. The operating fees shall cover all normal, regularly recurring operating expenses for the production, delivery and sale of natural gas, including without limitation: (i) well tending, routine maintenance and adjustment; (ii) reading meters, recording production, pumping, maintaining appropriate books and records; (iii) preparing reports to the Developer and government agencies; and (iv) collecting and disbursing revenues. The operating fees shall not cover costs and expenses related to the following: (i) the production and sale of oil; (ii) the collection and disposal of salt water or other liquids produced by the xxxxx; (iii) the rebuilding of access roads; and (iv) the purchase of equipment, materials or third party services; which, subject to the provisions of sub-section (c) of this Section 6, shall be paid by the Developer in proportion to the share of the Working Interest owned by the Developer in the xxxxx. Any well which is temporarily abandoned or shut-in continuously for the entire month shall not be considered a producing well for purposes of determining the number of xxxxx in the month subject to the operating fee.