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 residue gas and NGLs NGL’s 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 of efficiency.

Appears in 2 contracts

Samples: Gas Purchase Contract (Cano Petroleum, Inc), Gas Purchase Contract (Cano Petroleum, 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 efficiencyefficiency to the extent changes do not have a material financial impact on Seller.

Appears in 1 contract

Samples: Gas Purchase Contract (South Texas Oil Co)

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)

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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 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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