Common use of ALLOCATION OF PRODUCTION ALLOCATION SUBSTANCES Clause in Contracts

ALLOCATION OF PRODUCTION ALLOCATION SUBSTANCES. Tract Participations Each Tract has a Tract Participation Factor as shown on Exhibit “A”. Allocation Among Tracts On and after the Effective Date of this Agreement, the Production Allocation Substances when produced from the Well shall be allocated among the Tracts in accordance with their respective Tract Participation Factors. Subject to clause 4.1, the amount of Production Allocation Substances so allocated to each Tract, and only that amount, shall be deemed conclusively to have been produced from the Tract. Allocation Among Parties The Production Allocation Substances allocated to a Tract shall be allocated among the Working Interest Owners in that Tract in accordance with their respective Working Interests in the Tract as set forth in Exhibit “A”. The Working Interest Owner in each Tract shall account to the Royalty Interest Owner in that Tract, in accordance with clause 6.1, for any royalty payable or deliverable to that Royalty Interest Owner in respect of the Production Allocation Substances allocated to that Tract pursuant to clause 4.2.

ALLOCATION OF PRODUCTION ALLOCATION SUBSTANCES. Tract Participations Each Tract has a Tract Participation Factor as shown on Exhibit “A”. Allocation Among Tracts On and after the Effective Date of this Agreement, the Production Allocation Substances when produced from the Well shall be allocated among the Tracts in accordance with their respective Tract Participation Factors. Subject to clause 4.16.1, the amount of Production Allocation Substances so allocated to each Tract, and only that amount, shall be deemed conclusively to have been produced from the Tract. Allocation Among Parties The Production Allocation Substances allocated to a Tract shall be allocated among the Working Interest Owners in that Tract in accordance with their respective Working Interests in the Tract as set forth in Exhibit “A”. The Working Interest Owner in each Tract shall account to the Royalty Interest Owner in that Tract, in accordance with clause 6.1, for any royalty payable or deliverable to that Royalty Interest Owner in respect of the Production Allocation Substances allocated to that Tract pursuant to clause 4.2.