daywork drilling contract

daywork drilling contract
A drilling contract under which the drilling contractor is compensated on the basis of the amount of time spent in drilling operations. Essentially, the lease owner hires the drilling rig and its staff to work under his direction. Broad discretion is given to the contracting party to give instructions to the drilling contractor as to how to conduct drilling operations. The courts impose broad liability upon the contracting party as a result of his broad discretion

Black's law dictionary. . 1990.

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  • daywork drilling contract — A drilling contract under which the drilling contractor is compensated on the basis of the amount of time spent in drilling operations. Essentially, the lease owner hires the drilling rig and its staff to work under his direction. Broad… …   Black's law dictionary

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