Common use of Imbalance Clause in Contracts

Imbalance. To Earthstone’s Knowledge, any imbalance among the owners of the interests in the xxxxx and units included in the Earthstone Properties are consistent with those that are normal and customary in the oil and gas industry, and Section 3.20 of the Earthstone Disclosure Schedule sets forth all material gas imbalances affecting the Earthstone Properties as of the date hereof. To Earthstone’s Knowledge, no condition exists affecting the operation of the Earthstone Properties which has materially impaired, or could reasonably be expected to materially impair, Production from or the operations of the Earthstone Properties.

Appears in 2 contracts

Samples: Exchange Agreement (Earthstone Energy Inc), Exchange Agreement

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Imbalance. To Earthstone’s Knowledge, any imbalance Any Imbalance among the owners of the interests in the xxxxx and units included in the Earthstone Properties are consistent with those that are normal and customary in the oil and gas industry, and Section 3.20 of the Earthstone Disclosure Schedule sets forth all material gas imbalances affecting the Earthstone Properties as of the date hereof. To Earthstone’s Knowledge, no condition exists affecting the operation of the Earthstone Properties which has materially impaired, or could reasonably be expected to materially impair, Production production from or the operations of the Earthstone Properties.

Appears in 1 contract

Samples: Contribution Agreement (Earthstone Energy Inc)

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Imbalance. To Earthstone’s Knowledge, any imbalance Any Imbalance among the owners of the interests in the xxxxx and units included in the Earthstone Properties are consistent with those that are normal and customary in the oil and gas industry, and Section 3.20 of the Earthstone Disclosure Schedule sets forth all material gas imbalances affecting the Earthstone Properties as of the date hereofset forth thereon. To Earthstone’s Buyer Parties’ Knowledge, no condition exists affecting the operation of the Earthstone Properties which has materially impaired, or could reasonably be expected to materially impair, Production production from or the operations of the Earthstone Properties.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Earthstone Energy Inc)

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