Description

Table of Contents

1. FOREWORD
2. MODEL FORM INTERPRETATION
   1. GENERAL PROVISIONS
      1. DEFINITIONS
      2. STATEMENTS AND BILLINGS
      3. ADVANCES AND PAYMENTS BY NON-OPERATORS
      4. ADJUSTMENTS
      5. EXPENDITURE AUDITS
      6. AFFILIATES
      7. APPROVAL BY PARTIES
      8. AMENDMENT OF RATES
   2. METHOD OF CHARGES TO JOINT ACCOUNT
      1. FIXED RATE
      2. COSTS
   3. COSTS INCURRED ON THE JOINT PROPERTY
      1. RENTALS AND ROYALTIES
      2. LABOR
      3. MATERIAL
      4. TRANSPORTATION
      5. SERVICES
      6. EQUIPMENT FURNISHED BY THE OPERATOR
      7. DAMAGES AND LOSSES TO JOINT PROPERTY
      8. TAXES AND PERMITS
      9. INSURANCE
      10. COMMUNICATIONS
      11. ECOLOGICAL AND ENVIRONMENTAL
      12. ABANDONMENT AND RECLAMATION
   4. COSTS INCURRED OFF THE JOINT PROPERTY
      1. FACILITIES
      2. ECOLOGICAL AND ENVIRONMENTAL
      3. LEGAL EXPENSE
      4. TRAINING
      5. ENGINEERING, DESIGN, AND DRAFTING
   5. OVERHEAD
      1. OVERHEAD—DRILLING AND PRODUCING OPERATIONS
      2. OVERHEAD—MAJOR CONSTRUCTION AND CATASTROPHES
   6. MATERIAL PURCHASES, TRANSFERS, AND DISPOSITIONS
      1. DIRECT PURCHASES
      2. TRANSFERS
      3. DISPOSITION OF SURPLUS
      4. SPECIAL PRICING PROVISIONS
   7. INVENTORIES OF CONTROLLABLE MATERIAL
      1. DIRECTED INVENTORIES
      2. NON-DIRECTED INVENTORIES
3. COMPARISON MATRIX