Calculation of Royalty. The Working Interest Owner in each Tract shall calculate the royalty for that Tract: (a) on the total amount of Production Allocation Substances produced from the Well, and (b) at the rate under the Lease or pursuant to the Mines and Minerals Act, as the case may be, and shall pay or deliver to the Royalty Interest Owner in the Tract a royalty share of production based on the amount of Production Allocation Substances allocated to the Tract.
Appears in 4 contracts
Samples: Production Allocation Unit Agreement, Production Allocation Unit Agreement, Production Allocation Unit Agreement
Calculation of Royalty. The Working Interest Owner in each Tract shall calculate the royalty for that Tract:
(a) : on the total amount of Production Allocation Substances produced from the Well, and
(b) and at the rate under the Lease or pursuant to the Mines and Minerals Act, as the case may be, and shall pay or deliver to the Royalty Interest Owner in the Tract a royalty share of production based on the amount of Production Allocation Substances allocated to the Tract.
Appears in 4 contracts
Samples: Production Allocation Unit Agreement, Production Allocation Unit Agreement, Production Allocation Unit Agreement
