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Common use of Proceeds of Production Clause in Contracts

Proceeds of Production. Producer shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived by Producer from Producer’s Gas (including all constituents and products thereof) delivered under this Agreement, including, without limitation, royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to such proceeds.

Appears in 3 contracts

Samples: Gas Processing Agreement (Altus Midstream Co), Gas Processing Agreement (Altus Midstream Co), Gas Gathering Agreement (Altus Midstream Co)

Proceeds of Production. Producer shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived by Producer from Producer’s Gas (including all constituents and products thereof) delivered under this Agreement, including, Gas Processing Agreement dated [______________] Between Alpine High Processing LP (Processor) and [_____________] (Producer) without limitation, royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to such proceeds.

Appears in 1 contract

Samples: Gas Processing Agreement (Altus Midstream Co)