Aresco
NOVEMBER 30, 2023
What sets intangible drilling costs apart is their intangible nature, as they are related to activities and services essential for the drilling process but do not involve the acquisition of physical assets like drilling rigs or equipment.
The Energy Law Blog
MARCH 30, 2017
25] In addition, the operator was unable to move a drilling rig onto the wellsite due to weather in February 2004, and as a result, the operator had to pay standby time for the rig. [26] 21] Prior to spudding the well, the operator faced weather delays and was required to obtain a CUA permit. [22] However, art.
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