Common use of ALLOCATION OF PRODUCTION Clause in Contracts

ALLOCATION OF PRODUCTION. All unitized substances produced under this agreement, except any part thereof used in conformity with good operating practices within the unitized area for drilling, operating, and other production or development purposes, or for repressuring or recycling in accordance with a plan of development and operations that has been approved by the AO, or unavoidably lost shall be deemed to be produced equally on an acreage basis from the several tracts of unitized land, unleased Federal and Indian trust land, if any. Each such tract shall have allocated to it such percentage of said production as the number of acres of such tract bears to the total acres of unitized land, unleased Federal and Indian trust land, if any. There shall be allocated to the working interest owner(s) of each tract of unitized land, in addition, such percentage of the production attributable to the unleased Federal and Indian trust land within the unitized area as the number of acres of such unitized tract included in said unitized area bears to the total acres of unitized land in said unitized area, for the payment of the compensatory royalty specified in section 15 of this agreement. Allocation of production hereunder for purposes other than for settlement of the royalty, overriding royalty, or payment out of production obligations of the respective working interest owners, including compensatory royalty obligations under section 15, shall be prescribed as set forth in the unit operating agreement or as otherwise mutually agreed by the affected parties.

ALLOCATION OF PRODUCTION. All unitized uniti/ed substances produced under this agreement, except any part thereof used in conformity with good operating practices within the unitized area for lor drilling, operating, and other production or development purposes, or for repressuring or nr recycling in accordance with a plan of development and operations that has been approved by the AO, . or unavoidably lost shall be deemed to be produced equally on an acreage basis from the several tracts of unitized uniti/ed land, unleased unlcascd Federal and Indian trust land, if any. Each such tract shall have allocated to it such percentage of said production as the number of acres of such tract bears to the total acres of unitized uniti/ed land, unleased Federal and Indian trust land, if any. There shall be he allocated to the working interest owner(sowners) of each tract of unitized land, in addition, such percentage of the production attributable to the unleased Federal and Indian trust land within the unitized uniti/ed area as the number of acres of such unitized uniti/ed tract included in said unitized uniti/ed area bears to the total acres of unitized uniti/ed land in said unitized uniti/ed area, for the payment of the ol'ihe compensatory royalty specified in section 15 of this agreement. Allocation of production hereunder for purposes other than for settlement of the royaltyroyally, overriding royalty, or payment out of production obligations of the respective working interest owners, including compensatory royalty royally obligations under section 15, . shall be he prescribed as set forth in the unit operating agreement or as otherwise mutually agreed by the affected partiesallotted parlies.

ALLOCATION OF PRODUCTION. All unitized substances produced under this agreement, except any part thereof used pan thereofused in conformity with good operating practices within the unitized area for drilling, operating, and other production or development purposes, or for repressuring or recycling in accordance with a plan of development and operations that has been approved by the tlie AO, or unavoidably lost shall sltall be deemed to be produced equally on oil an acreage basis from the several tracts of unitized ofunitized land, unleased tmleased Federal and Indian trust land, if any. Each such tract shall sltall have allocated to it such percentage of said production as the number of acres of such tract bears to the total acres of unitized land, unleased Federal Fedetal and Indian trust land, if any. There shall sltall be allocated to the working wotking interest owner(sowneffs) of each tract of unitized landluiitized laud, in addition, such percentage of the tlie production attributable to the unleased Federal and Indian Indiau trust land laud within the unitized umtized area as the die number of acres ofacres of such unitized tract included in said unitized area bears to the total acres of unitized ofunitized land in said unitized umtized area, for the payment of the ofthe compensatory royalty specified in iu section 15 of this agreement. Allocation of production hereunder for purposes proposes other than titan for settlement of the royalty, overriding royalty, or payment out of production obligations of the respective working interest owners, including compensatory royalty obligations under raider section 15, shall be prescribed as set forth in the unit miit operating agreement or as otherwise mutually agreed mutuallyagreed by the affected parties.

ALLOCATION OF PRODUCTION. All unitized substances produced under this agreement, except any part thereof used thereofused in conformity with good operating practices within the unitized area for drilling, operating, and other production or development purposes, or for repressuring or recycling in accordance with a plan of development and operations that has been approved by the AO, or unavoidably lost shall be deemed to be produced equally on an acreage basis from the several tracts of unitized land, unleased Federal and Indian trust land, if anyifany. Each such tract shall have allocated to it such percentage of said production as the number of acres of such tract bears to the total acres of unitized land, unleased Federal and Indian trust land, if any. There shall be allocated to the working interest owner(s) of each tract of unitized land, in addition, such percentage of the production attributable to the unleased Federal and Indian trust land within the unitized area as the number of acres of such unitized tract included in said unitized area bears to the total acres of unitized land in said unitized area, for the payment of the compensatory royalty specified in section 15 of this agreement. Allocation of production hereunder for purposes other than for settlement of the royalty, overriding royalty, or payment out of production obligations of the respective working interest owners, including compensatory royalty obligations under section 15, shall be prescribed as set forth in the unit operating agreement or as otherwise mutually agreed by the affected parties.: