05.07.2009
The sum of lease operating costs, production taxes, G&A expenses, and oil and gas depreciation, depletion, and amortization.
Operating committee of a JOA in an oil and gas exploration operation that meet at regular intervals to decide on budgets and workplans
This document makes the farmee a party to the operating agreement and amends the participating interests of the parties
An agreement between parties who own a working interest in a well that sets out responsibilities and duties of the operator and non operators, including drilling the test well and subsequent wells, and sharing of expenses and accounting methods