Description

Table of Contents

1. FOREWORD
2. Specimen, Form 606 COPAS – 1986
3. INTERPRETATION
4. GENERAL PROVISIONS
   1. Definitions
   2. Statements and Billings
   3. Advances and Payments by Nonoperators
   4. Adjustments
   5. Audits
   6. Approval by Nonoperators
5. DIRECT CHARGES
   1. Rentals and Royalties
   2. Labor
   3. Employee Benefits
   4. Material
   5. Transportation
   6. Services
   7. Equipment and Facilities Furnished by Operator
   8. Damages and Losses to Joint Property
   9. Legal Expense
   10. Taxes
   11. Insurance
   12. Communications
   13. Ecological and Environmental
   14. Abandonment and Reclamation
   15. Other Expenditures
6. OVERHEAD
   1. GENERAL
      1. Overhead – Drilling and Producing Operations
      2. Overhead – Major Construction
      3. Overhead – Catastrophe
      4. Amendment Of Rates
7. PRICING OF JOINT ACCOUNT MATERIAL PURCHASES, TRANSFERS AND DISPOSITIONS
   1. Purchases
   2. Transfers And Dispositions
   3. Premium Prices
   4. Warranty Of Material Furnished By Operator
8. INVENTORIES
   1. Periodic Inventories, Notice And Representation
   2. Reconciliation And Adjustment Of Inventories
   3. Special Inventories
   4. Expense Of Conducting Inventories
9. Introduction
10. Background