Common use of Interests of Parties in Costs and Production Clause in Contracts

Interests of Parties in Costs and Production. Unless changed by other provisions, all costs and liabilities incurred in operations under this agreement shall be borne and paid, and all equipment and materials acquired in operations on the Contract Area shall be owned, by the parties as their interests are set forth in Exhibit “A.” In the same manner, the parties shall also own all production of Oil and Gas from the Contract Area subject, however, to the payment of royalties and other burdens on production as described hereafter. Regardless of which party has contributed any Oil and Gas Lease or Oil and Gas Interest on which royalty or other burdens may be payable and except as otherwise expressly provided in this agreement, each party shall pay or deliver, or cause to be paid or delivered, all burdens on its share of the production from the Contract Area and shall indemnify, defend and hold the other parties free from any liability there for. No party shall ever be responsible, on a price basis higher than the price received by such party, to any other party’s lessor or royalty owner, and if such other party’s lessor or royalty owner should demand and receive settlement on a higher price basis, the party contributing the affected Lease shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III.B. shall be deemed an assignment or cross-assignment of interests covered hereby, and in the event two or more parties contribute to this agreement jointly owned Leases, the parties’ undivided interests in said Leaseholds shall be deemed separate leasehold interests for the purposes of this agreement.

Interests of Parties in Costs and Production. Unless changed by other provisions, all costs and liabilities incurred in operations under this agreement shall be borne and paid, and all equipment and materials acquired in operations on the Contract Area shall be owned, by the parties as their interests are were set forth in Exhibit “A.” A”. In the same manner, the parties shall also own all production of Oil oil and Gas gas from the Contract Area subject, however, subject to the payment of royalties so the extent of Overriding Royalties and other burdens on production Landowner Royalties which shall be borne as described hereafterhereinafter set forth. Regardless of which party has contributed any Oil the lease(s) and/or oil and Gas Lease or Oil and Gas Interest gas interest(s) hereto on which royalty or other burdens may be payable is due and except as otherwise expressly provided in this agreementpayable, each party entitled to receive a share of production of oil and gas from the Contract Area shall bear and shall pay or deliver, or cause to be paid or delivered, all burdens on to the extent of its share of such production, the production from the Contract Area royalty amount stipulated hereinabove and shall indemnify, defend and hold the other parties free from any liability there fortherefore. No party shall ever be responsible, however, on a price basis higher than the price received by such party, to any other party’s lessor or royalty owner, and if such other party’s lessor or royalty owner should demand and receive settlement on a higher price basis, the party contributing the affected Lease lease shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III.B. III B. shall be deemed an assignment and assigned or cross-assignment assigned of interests covered hereby, and in the event two or more parties contribute to this agreement jointly owned Leases, the parties’ undivided interests in said Leaseholds shall be deemed separate leasehold interests for the purposes of this agreement.

Interests of Parties in Costs and Production. Unless changed by other provisions, all costs and liabilities incurred in operations under this agreement Agreement shall be borne and paid, and all equipment and materials acquired in operations on the Contract Area shall be owned, by the parties as their interests are set forth in Exhibit “A.” A”. In the same manner, the parties shall also own the Pipeline System, and all production of Oil oil and Gas gas from the Contract Area subject, however, subject to the payment of royalties, overriding royalties and other burdens on production as described hereafterpayments which shall be born by the parties to the extent set forth and provided in the attached Exhibit “A”. Regardless of which party has contributed any Oil the lease(s) and/or oil and Gas Lease or Oil and Gas Interest gas interest(s) hereto on which royalty or other burdens may be payable is due and except as otherwise expressly provided in this agreementpayable, each party entitled to receive a share of production of oil and gas from the Contract Area shall bear and shall pay or deliver, or cause to be paid or delivered, all burdens on to the extent of its share of interest in such production, the production from the Contract Area royalty, overriding royalty and other payments stipulated in Exhibit “A” and shall indemnify, defend and hold the other parties free from any liability there fortherefor. No party shall ever be responsible, however, on a price basis higher than the price received by such party, to any other party’s lessor or royalty owner, and if any such other party’s lessor or royalty owner should demand and receive settlement on a higher price basis, the party contributing the affected Lease lease shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III.B. shall be deemed an assignment or cross-assignment of interests covered hereby, and in the event two or more parties contribute to this agreement jointly owned Leases, the parties’ undivided interests in said Leaseholds shall be deemed separate leasehold interests for the purposes of this agreement.

Interests of Parties in Costs and Production. Unless changed by other provisions, all costs and liabilities incurred in operations under this agreement shall be borne and paid, and all equipment and materials acquired in operations on the Contract Area shall be owned, by the parties Parties as their interests are set forth in Exhibit “A.” "A". In the same manner, the parties Parties shall also own all production of Oil and Gas from the Contract Area subject, however, to the payment of royalties and other burdens on production as described hereafter. Regardless of which party Party has contributed any Oil and Gas Lease or Oil and Gas Interest on which royalty or other burdens may be payable and except as otherwise expressly provided in this agreement, each party Party shall pay or deliver, or cause to be paid or delivered, all burdens on its share of the production from the Contract Area Area, and shall indemnify, defend and hold the other parties Parties free from any liability there fortherefor. No party Party shall ever be responsible, on a price basis higher than the price received by such partyParty, to any other party’s Party's lessor or royalty owner, and if such other party’s Party's lessor or royalty owner should demand and receive settlement on a higher price basis, the party Party contributing the affected Lease shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III.B. III.B shall be deemed an assignment or cross-assignment of interests covered hereby, and in the event two or more parties Parties contribute to this agreement jointly owned Leases, the parties’ Parties' undivided interests in said Leaseholds shall be deemed separate leasehold interests for the purposes of this agreement.

Interests of Parties in Costs and Production. a. Unless changed by other provisions, all costs and liabilities incurred in operations under this agreement shall be borne and paid, and all equipment and materials acquired in operations on the Contract Area shall be owned, by the parties as their interests are set forth in Exhibit “A.” A”. In the same manner, the parties shall also own all production of Oil oil and Gas gas from the Contract Area subject, however, subject to the payment of royalties and such other burdens on production as described hereafterto the extent such royalty and burdens are borne proportionately by all co-owners of the lease. Any such burden not common to the interest of the parties shall be borne by the party whose interest is burdened therewith. b. Regardless of which party has contributed any Oil the lease(s) and/or oil and Gas Lease or Oil and Gas Interest gas interest(s) hereto on which royalty or other burdens may be payable is due and except as otherwise expressly provided in this agreementpayable, each party entitled to receive a share of production of oil and gas from the Contract Area shall bear and shall pay or deliver, or cause to be paid or delivered, all burdens on to the extent of its share of interest in such production, the production from the Contract Area royalty amount stipulated hereinabove and shall indemnify, defend and hold the other parties free from any liability there fortherefor. No party shall ever be responsible, however, on a price basis higher than the price received by such party, to any other party’s lessor or royalty owner, and if any such other party’s lessor or royalty owner should demand and receive settlement on a higher price basis, the party contributing the affected Lease lease shall bear the additional royalty burden attributable to such higher price. . c. Nothing contained in this Article III.B. Section 3.1 shall be deemed an assignment or cross-assignment of interests covered hereby, and in the event two or more parties contribute to this agreement jointly owned Leases, the parties’ undivided interests in said Leaseholds shall be deemed separate leasehold interests for the purposes of this agreement.