Common use of Produced Materials and Wastes Clause in Contracts

Produced Materials and Wastes. Buyer acknowledges that the Assets have been utilized for the purposes of exploration, development and production of oil and gas and associated hydrocarbons. Waste materials therefrom, including, without limitation, crude oil, and gases with associate wastes and chemicals, produced water and injected waters with associated chemicals, compounds and by products and drilling fluids and associated chemicals, compounds and drill cuttings, may have been spilled or disposed of on-site or off-site through methods such as, but not limited to, pit closures, burial, line or well failures, land farming, land spreading, surface pits and underground injection. Buyer acknowledges that such activities may have produced conditions regarded as environmentally adverse. In addition, some production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "NORM"). In this regard, Buyer expressly understands and agrees that NORM may affix or attach itself to the inside of wxxxx, materials and equipment as scale or in other forms, and that said wxxxx, materials and equipment located on the properties may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Further, Buyer acknowledges that as a result of the historic operations of these Assets, NORM may be present in air, water or soil on or near the sites and that Sellers and/or the Purchased Companies may be unaware of the presence of some or all of such NORM. Buyer hereby releases each Seller from any liability with respect to any such adverse environmental condition. Buyer agrees to dispose of or discharge, or cause the Purchased Companies to dispose of or discharge, all waste (including but not limited to produced water, crude oil, drilling fluids and other waste) generated in connection with the ownership or operation of the Assets in accordance with all applicable Laws.

Produced Materials and Wastes. Buyer acknowledges that the Core Assets have been utilized for the purposes of exploration, development and production of oil and oil, gas and associated hydrocarbonsother minerals. Waste Hazardous materials and waste materials therefrom, including, without limitation, asbestos, crude oil, and gases with associate wastes and chemicals, produced water and injected waters with associated chemicals, compounds and by by-products and drilling fluids and associated chemicals, compounds and drill cuttings, paints, solvents and other chemicals may have been spilled or disposed of on-site or off-site through methods such as, but not limited to, pit closures, burial, line or well failures, land farming, land spreading, surface pits pits, underground injection and underground injectionother releases. Buyer acknowledges that such activities may have produced conditions regarded as environmentally adverse. In addition, some production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "“NORM"”). In this regard, Buyer expressly understands and agrees that NORM may affix or attach itself to the inside of wxxxx, materials and equipment as scale or in other forms, and that said wxxxx, materials and equipment located on the properties may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Further, Buyer acknowledges that that, as a result of the historic operations of these Core Assets, NORM may be present in air, water or soil on or near the sites and that Sellers and/or the Purchased Companies may be unaware of the presence of some or all of such NORM. Effective upon the Closing, Buyer hereby releases releases, and shall defend, indemnify and hold harmless, each member of the Seller Group from any liability with respect to any such adverse environmental conditioncondition related to or arising out of the ownership or operation at any time of the Core Assets, including, without limitation, any and all Environmental Defects and Environmental Claims. Buyer agrees to dispose of or discharge, or that after the Closing it shall cause the Purchased Companies to store, transport, dispose of or of, discharge, remediate and otherwise handle all waste (including but not limited to produced water, crude oil, drilling fluids fluids, NORM, solvents, asbestos and other waste) generated in connection with the ownership or operation of the Core Assets in accordance with all applicable Laws.

Produced Materials and Wastes. Buyer acknowledges that the Assets have been utilized for the purposes of exploration, development and production of oil and oil, gas and associated hydrocarbonsother minerals. Waste Hazardous materials and waste materials therefrom, including, without limitation, asbestos, crude oil, and gases with associate associated wastes and chemicals, produced water and injected waters with associated chemicals, compounds and by by-products and drilling fluids and associated chemicals, compounds and drill cuttings, paints, solvents and other chemicals may have been spilled or disposed of on-site or off-site through methods such as, but not limited to, pit closures, burial, line or well failures, land farming, land spreading, surface pits pits, underground injection and underground injectionother releases. Buyer acknowledges that such activities may have produced conditions regarded as environmentally adverse. In addition, some production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "“NORM"”). In this regard, Buyer expressly understands and agrees that NORM may affix or attach itself to the inside of wxxxx, materials and equipment as scale or in other forms, and that said wxxxx, materials and equipment located on the properties may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Further, Buyer acknowledges that that, as a result of the historic operations of these the Assets, NORM may be present in air, water or soil on or near the sites and that Sellers and/or the Purchased Companies Seller may be unaware of the presence of some or all of such NORM. Effective upon the Closing, Buyer hereby releases releases, and shall defend, indemnify and hold harmless, each member of the Seller Group from any liability with respect to any such adverse environmental conditioncondition related to or arising out of the ownership or operation at any time of the Assets after the Effective Time, including, without limitation, any and all Environmental Defects and Environmental Claims. Buyer agrees to that after the Closing it shall store, transport, dispose of or of, discharge, or cause the Purchased Companies to dispose of or discharge, remediate and otherwise handle all waste (including but not limited to produced water, crude oil, drilling fluids fluids, NORM, solvents, asbestos and other waste) generated in connection with the ownership or operation of the Assets in accordance with all applicable Laws.

Produced Materials and Wastes. Buyer acknowledges that the Pine Mountain Assets have been utilized for the purposes of exploration, development and production of oil and gas and associated hydrocarbonsgas. Waste materials therefrom, including, without limitation, asbestos, crude oil, and gases with associate wastes and chemicals, produced water and injected waters with associated chemicals, compounds and by by-products and drilling fluids and associated chemicals, compounds and drill cuttings, may have been spilled or disposed of on-site or off-site through methods such as, but not limited to, pit closures, burial, line or well failures, land farming, land spreading, surface pits and underground injection. Buyer acknowledges that such activities may have produced conditions regarded as environmentally adverse. In addition, some production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "“NORM"”). In this regard, Buyer expressly understands and agrees that NORM may affix or attach itself to the inside of wxxxx, materials and equipment as scale or in other forms, and that said wxxxx, materials and equipment located on the properties may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Further, Buyer acknowledges that that, as a result of the historic operations of these Pine Mountain Assets, NORM may be present in air, water or soil on or near the sites and that Sellers and/or the Purchased Companies may be unaware of the presence of some or all of such NORM. Buyer hereby releases each member of the Seller Group from any liability with respect to any such adverse environmental condition. Buyer agrees to dispose of or discharge, or cause the Purchased Companies Asset Company to dispose of or discharge, all waste (including but not limited to produced water, crude oil, drilling fluids and other waste) generated in connection with the ownership or operation of the Pine Mountain Assets in accordance with all applicable Laws.