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 were set forth Exhibit “A”. In the same manner, the parties shall also own all production of oil and gas from the Contract Area subject to the payment of royalties so the extent of Overriding Royalties and Landowner Royalties which shall be borne as hereinafter set forth. Regardless of which party has contributed the lease(s) and/or oil and gas interest(s) hereto on which royalty is due and payable, 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, to the extent of its such production, the royalty amount stipulated hereinabove and shall hold the other parties free from any liability therefore. 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 shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III B. shall be deemed and assigned or cross-assigned of interests covered hereby.

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 were 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 subject, however, to the payment of royalties so the extent of Overriding Royalties and Landowner Royalties which shall be borne other burdens on production as hereinafter set forthdescribed hereafter. Regardless of which party has contributed the lease(s) and/or oil any Oil and gas interest(s) hereto Gas Lease or Oil and Gas Interest on which royalty is due or other burdens may be payable and payableexcept as otherwise expressly provided in this agreement, 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, to all burdens on its share of the extent of its such production, production from the royalty amount stipulated hereinabove Contract Area and shall indemnify, defend and hold the other parties free from any liability thereforethere for. 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 and assigned an assignment or cross-assigned 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 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 were are set forth in Exhibit “A”. In the same manner, the parties shall also own the Pipeline System, and all production of oil and gas from the Contract Area subject to the payment of royalties, overriding royalties so the extent of Overriding Royalties and Landowner Royalties other payments which shall be borne as hereinafter born by the parties to the extent set forthforth and provided in the attached Exhibit “A”. Regardless of which party has contributed the lease(s) and/or oil and gas interest(s) hereto on which royalty is due and payable, 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, to the extent of its interest in such production, the royalty, overriding royalty amount and other payments stipulated hereinabove in Exhibit “A” and shall hold the other parties free from any liability thereforetherefor. 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 shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III B. shall be deemed and assigned or cross-assigned of interests covered hereby.

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 were are set forth in Exhibit “"A”". In the same manner, the parties Parties shall also own all production of oil Oil and gas Gas from the Contract Area subject subject, however, to the payment of royalties so the extent of Overriding Royalties and Landowner Royalties which shall be borne other burdens on production as hereinafter set forthdescribed hereafter. Regardless of which party Party has contributed the lease(s) and/or oil any Oil and gas interest(s) hereto Gas Lease or Oil and Gas Interest on which royalty is due or other burdens may be payable and payableexcept as otherwise expressly provided in this agreement, each party entitled to receive a share of production of oil and gas from the Contract Area shall bear and Party shall pay or deliver, or cause to be paid or delivered, to all burdens on its share of the extent of its such productionproduction from the Contract Area, the royalty amount stipulated hereinabove and shall indemnify, defend and hold the other parties Parties free from any liability thereforetherefor. No party Party shall ever be responsible, however, 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 Lease shall bear the additional royalty burden attributable to such higher price. Nothing contained in this Article III B. III.B shall be deemed and assigned an assignment or cross-assigned 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.