Common use of Allocation of Residue Gas and NGLs Clause in Contracts

Allocation of Residue Gas and NGLs. Buyer will determine the Residue Gas and NGLs attributable to Seller on a proportional basis by component using the following definitions and procedures. Additional definitions are in Section A of Exhibit A. From time to time Buyer may make changes and adjustments in its allocation methods to improve accuracy or efficiency.

Appears in 2 contracts

Samples: Gas Purchase Contract (Pedevco Corp), Gas Purchase Contract (Pedevco Corp)

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Allocation of Residue Gas and NGLs. Buyer will determine the Residue Gas and NGLs attributable to Seller on a proportional basis by component using the following definitions and procedures. .. Additional definitions are in Section A of Exhibit A. From time to time Buyer may make changes and adjustments in its allocation methods to improve accuracy or efficiency.

Appears in 1 contract

Samples: Gas Purchase Contract (Starboard Resources, Inc.)

Allocation of Residue Gas and NGLs. Buyer will determine the Residue Gas residue gas and NGLs attributable to Seller on a proportional basis by component using the following definitions and procedures. Additional definitions are in Section A of Exhibit A. From time to time Buyer may make changes and adjustments in its allocation methods to improve accuracy or efficiency.

Appears in 1 contract

Samples: Gas Purchase Contract (Approach Resources Inc)

Allocation of Residue Gas and NGLs. Buyer will determine the Residue Gas and NGLs attributable to Seller on a proportional basis by component using the following definitions and procedures. Additional definitions are in Section A of Exhibit A. From time to time Buyer may make changes and adjustments in its allocation methods methods, other than fixed percentages below, to improve accuracy or efficiency.

Appears in 1 contract

Samples: Gas Purchase Contract (Evolution Petroleum Corp)

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Allocation of Residue Gas and NGLs. Buyer will determine the Residue Gas and NGLs attributable to Seller on a proportional basis by component using the following definitions and procedures. Additional definitions are in Section A of Exhibit A. From time to time Buyer may make changes and adjustments in its allocation methods to if it believes it will improve accuracy or efficiency.

Appears in 1 contract

Samples: Gas Purchase Contract (Cano Petroleum, Inc)

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