Common use of Production Report and Lease Operating Statements Clause in Contracts

Production Report and Lease Operating Statements. Within 25 ------------------------------------------------- days after the end of each calendar month, (i) a report setting forth, for such calendar month, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto and incurred for such calendar month, and (ii) a drilling schedule for the next 180 days for all Oil and Gas Properties which the Borrower or any Subsidiary owns or controls or in which the Borrower or any Subsidiary participates.

Production Report and Lease Operating Statements. Within 25 ------------------------------------------------- days after the end of each calendar month, (i) a report setting forth, for such calendar month, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto and incurred for such calendar month, and (ii) a drilling schedule for the next 180 days for all Oil and Gas Properties which the Borrower or any Subsidiary owns or controls or in which the Borrower or any Subsidiary participates. Each bi-weekly report shall set forth, for each day of that period, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales).