Common use of Enterra Acquisitions and Farmouts Clause in Contracts

Enterra Acquisitions and Farmouts. (i) Enterra hereby agrees that working interests in any assets with production it acquires in the future which require additional drilling (Enterra’s Acquired Interests) will be farmed out to XXX on the basis that XXX will pay 100% of all costs allocable to Enterra’s Acquired Interests (including any required tie-ins and facility costs related to such additional drilling) to earn 70% of Enterra’s Acquired Interests in the producing zones of the spacing units of all new xxxxx drilled and Enterra retains a carried interest of 30% of Enterra’s Acquired Interests.

Enterra Acquisitions and Farmouts. (i) Enterra hereby agrees that working interests in any assets with production it acquires in the future which require additional drilling (Enterra’s AEnterra=s Acquired InterestsInterests@) will be offered to be farmed out to XXX on the basis that XXX will pay 100% of all costs allocable to Enterra’s =s Acquired Interests (including any required tie-ins and facility costs related to such additional drilling) to earn 70% of Enterra’s =s Acquired Interests in the producing zones of the spacing units of all new xxxxx drilled and Enterra retains a carried interest of 30% of Enterra’s =s Acquired Interests.

Enterra Acquisitions and Farmouts. (i) Enterra hereby agrees that working interests in any assets with production it acquires in the future which require additional drilling (“Enterra’s Acquired Interests”) will be offered to be farmed out to XXX JXX on the basis that XXX JXX will pay 100% of all costs allocable to Enterra’s Acquired Interests (including any required tie-ins and facility costs related to such additional drilling) to earn 70% of Enterra’s Acquired Interests in the producing zones of the spacing units of all new xxxxx wxxxx drilled and Enterra retains a carried interest of 30% of Enterra’s Acquired Interests.

Enterra Acquisitions and Farmouts. (i) Enterra hereby agrees that working interests in any assets with production it acquires in the future which require additional drilling (“Enterra’s Acquired Interests”) will be offered to be farmed out to XXX on the basis that XXX will pay 100% of all costs allocable to Enterra’s Acquired Interests (including any required tie-ins and facility costs related to such additional drilling) to earn 70% of Enterra’s Acquired Interests in the producing zones of the spacing units of all new xxxxx drilled and Enterra retains a carried interest of 30% of Enterra’s Acquired Interests.