Common use of Overhead - Major Construction Clause in Contracts

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00:

Appears in 3 contracts

Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Golden Lane Participation Agreement (New Source Energy Corp), Operating Agreement (New Source Energy Corp)

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Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, or in the dismantling for abandonment of platforms and related production facilities, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead Overhead based on the following rates for any Major Construction project in excess of $50,000.00:25,000.00

Appears in 2 contracts

Samples: Operating Agreement (Beta Oil & Gas Inc), Operating Agreement (Beta Oil & Gas Inc)

Overhead - Major Construction. To compensate the Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.0025,000.00:

Appears in 1 contract

Samples: Master Operating Agreement (Mainland Resources Inc.)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00:25,000.

Appears in 1 contract

Samples: Operating Agreement (Egpi Firecreek, Inc.)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset or in the abandonment of fixed assets and any associated reclamation required for the exploration; development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead Overhead based on the following rates for any Major Construction project in excess of $50,000.00:25,000

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.0075,000.00:

Appears in 1 contract

Samples: Operating Agreement (RICHFIELD OIL & GAS Co)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00100,000.00: Account for overhead based on the following rates for any Major Construction project in excess of $5000.00:

Appears in 1 contract

Samples: Operating Agreement (West Texas Resources, Inc.)

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Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a is fixed asset required for the development and operation of the Joint Property, or in the dismantling for abandonment of platforms and related production facilities, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead Overhead based on the following rates for fur any Major Construction project in excess of $50,000.00:$ 325,000 A If the Operator absorbs the engineering, design and drafting costs related to the project

Appears in 1 contract

Samples: Joint Operating Agreement (West Texas Resources, Inc.)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00:$ ___: See Attached Addenda

Appears in 1 contract

Samples: Operating Agreement (EV Energy Partners, LP)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead Overhead based on the following rates for any Major Construction project in excess of $50,000.00project:

Appears in 1 contract

Samples: Operating Agreement (Enterprise Products Partners L P)

Overhead - Major Construction. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00:Joint

Appears in 1 contract

Samples: Operating Agreement (Belden & Blake Corp /Oh/)

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