INTEREST IN COSTS AND PRODUCTION. A. Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties, provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 25% gross revenues. No such royalty or overriding royalty will be paid to PDC or its affiliates.
Appears in 4 contracts
Samples: Drilling and Operating Agreement (PDC 2004-a Limited Partnership), Drilling and Operating Agreement (PDC 2005-a Limited Partnership), Drilling and Operating Agreement (Rockies Region 2007 Lp)
INTEREST IN COSTS AND PRODUCTION. A. Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royaltiesroyalties which may range from 12.5% to 22.00% of gross revenues, provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 2520% gross revenues. No such royalty or overriding royalty will be paid to PDC or its affiliates.
Appears in 3 contracts
Samples: Drilling and Operating Agreement (PDC 2002 B LTD Partnership), Drilling and Operating Agreement (PDC 2002 C LTD Partnership), Drilling and Operating Agreement (PDC 2002 D LTD Partnership)
INTEREST IN COSTS AND PRODUCTION. A. Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royaltiesroyalties , provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 25% gross revenues. No such royalty or overriding royalty will be paid to PDC or its affiliates.
Appears in 2 contracts
Samples: Drilling and Operating Agreement (PDC 2004-C Limited Partnership), Drilling and Operating Agreement (Rockies Region Private LP)
INTEREST IN COSTS AND PRODUCTION. A. Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties, provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 2520% gross revenues. No such royalty or overriding royalty will be paid to PDC or its affiliates.
Appears in 2 contracts
Samples: Drilling and Operating Agreement (PDC 2003-D Lp), Drilling and Operating Agreement (PDC 2003-a Lp)
INTEREST IN COSTS AND PRODUCTION. A. Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties, provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 2520% of gross revenues. No such royalty or overriding royalty will be paid to PDC or its affiliates.
Appears in 1 contract
INTEREST IN COSTS AND PRODUCTION. A. Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to lo non-affiliated parties of royalties and overriding royalties, provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 25% gross revenues. No such royalty or overriding royalty will be paid to PDC or its affiliates.
Appears in 1 contract
Samples: Drilling and Operating Agreement (PDC 2004-D Limited Partnership)
