Reservations of Seller. A. Seller, as a reasonable and prudent operator, hereby expressly reserves the following rights with respect to Seller's Gas Reserves and the Leases subject hereto:
1) The right to use the Gas produced from the Leases prior to delivery to Buyer/Processor for the following purposes:
a) For fuel in the development and operation of the Leases from which the Gas is produced;
b) For delivery to the lessors of the Leases of the Gas if such lessors are entitled to use or take such Gas in kind under the terms of the Leases;
c) For fuel in the operation of the facilities which Seller may install in order to deliver Gas hereunder in accordance with the terms hereof.
2) The right to pool or unitize the Leases (or-any portion thereof) with other lands and leases so long as such action does not reduce Seller's Gas Reserves. In the event of any such pooling or unitization, the Agreement will cover Seller's interest in the pool or unit and the Gas attributable thereto to the extent that such interest is derived from Seller's Gas Reserves.
B. Seller shall provide to Buyer/Processor all necessary information whereby Buyer/Processor can make the proper allocation herein called for or required by Buyer/Processor's normai and customary accounting practices or required by Buyer/Processor's normal and customary contract administration practices, when different vintages of Gas are being delivered through a single Point of Delivery.
C. Seller shall operate the Leases free of any control by Buyer/Processor, including without limitation the right to make farmouts of any lease subject to this Agreement, and to abandon any well and surrender any lease when Seller deems the same no longer capable of producing Gas in commercial quantities under normal methods of operation. Seller shall not be required to produce any well or xxxxx in any manner which in its sole judgment and discretion would not constitute good operating practice, nor shall Seller be obligated to drill additional xxxxx or to deepen, repair or rework any existing xxxxx.
Reservations of Seller. Except as otherwise provided, Seller reserves the following rights with respect to its Gas and Seller’s Properties from which Gas is produced, and sufficient Gas produced from Seller’s Properties to satisfy such rights:
Reservations of Seller. Seller reserves the following rights with respect to its interests in the oil and gas properties committed by Seller to Buyer under this Contract together with sufficient gas to satisfy those rights: (a) To operate the oil and gas properties free from control by Buyer as Seller in Seller’s sole discretion deems advisable, including without limitation the right, but never the obligation, to drill new xxxxx, to repair and rework old xxxxx, renew or extend, in whole or in part, any oil and gas lease covering any of the committed properties, and to abandon any well or surrender any oil and gas lease, in whole or in part, when Seller no longer deems it capable of producing gas in paying quantities under normal methods of operation.
Reservations of Seller. Seller reserves the following rights under this Agreement:
2.4.1. to pool or unitize the Leases with other leases in the same field, provided that all Gas attributable to Seller’s interest in any unit so formed shall, to the extent of Seller’s interest in the Leases, be deemed subject to this Agreement;
2.4.2. to use Gas in developing and operating the Leases or any unit in which the leases are unitized or pooled and for fulfilling obligations to the lessors Under the Leases for domestic fuel;
2.4.3. to retain all liquid hydrocarbons separated from the Gas prior to the delivery to Buyer by the use of conventional mechanical gas/oil field separators of the type in use, if any, as of the date of this Agreement;
2.4.4. to operate and control the Xxxxx xxx a reasonable and prudent operator in accordance with standard industry practices free from any control by Buyer and as determined by Seller, in its sole discretion;
2.4.5. to cease production as to, or abandon, Xxxxx which are not producing in paying Quantities.
Reservations of Seller. 3.1 Seller reserves the following rights:
(a) To operate the leases free from any control by Buyer in such manner as Seller, in Seller’s discretion, may deem advisable, including without limitation the right to drill new wxxxx, to repair and rework old wxxxx, and to abandon any well or surrender any lease when it no longer is deemed by Seller to be capable of producing gas in paying quantities under normal methods of operation; provided, however, that in the event Seller should terminate or surrender any of the leases, written notice of same shall be given to Buyer within thirty (30) days thereafter.
(b) (**)
(c) To use gas produced from the leases for developing and operating the leases and for fulfilling obligations to the lessors in the leases for domestic fuel maintenance.
Reservations of Seller. Seller reserves the following rights under this Agreement:
(a) to pool or unitize any of the Leases with other leases in the same field, provided that all Gas attributable to Seller's interest in any unit so formed shall, to the extent of Seller's interest in the Leases, be deemed subject to this Agreement; and
(b) to use Gas aboveground in developing and operating any of the Leases and for fulfilling obligations, if any, to the lessors under the Leases for domestic fuel.
Reservations of Seller. 1. Seller hereby expressly reserves the right to use gas produced from leaseholds and/or lands subject hereto for:
(a) Above ground lease use including but not limited to drilling, development and operation of such leaseholds and/or lands including compressors and/or other equipment necessary to cause the delivery of gas to Buyer hereunder; and
(b) Delivery to the lessors in Seller’s leases of the gas which such lessors are entitled to use under the original terms of such leases. Any gas so used by Seller shall be taken by Seller prior to its delivery to Buyer.
2. Seller hereby expressly reserves the right to produce, control, manage and operate the wxxxx, leaseholds and/or lands dedicated hereunder as Seller deems appropriate in its sole-judgment, including the right to use gas for any efficient, modern, or improved method for increased production. Seller shall also have the sole-judgment right to surrender or abandon any lease and/or lands dedicated hereunder, provided that before any such lease and/or lands are taken out of service for any reason whatsoever, Seller shall at its sole risk, cost and expense, first disconnect same from Buyer’s facilities.
Reservations of Seller. 3.1 Seller reserves the following rights:
(a) To operate the leases free from any control by Buyer in such manner as Seller, in Seller’s discretion, may deem advisable, including without limitation the right to drill new wxxxx, to repair and rework old wxxxx, and to abandon any well or surrender any lease when it no longer is deemed by Seller to be capable of producing gas in paying quantities under normal methods of operation; provided, however, that in the event Seller should terminate or surrender any of the leases, written notice of same shall be given to Buyer within thirty (30) days thereafter.
(b) To pool or unitize the leases with other leases in the same field, and in the event of such pooling or unitizing, this Contract shall cover and apply to Seller’s interest in the unit and the gas attributable thereto.
(c) To use gas produced from the leases for developing and operating the leases and for fulfilling obligations to the lessors in the leases for domestic fuel maintenance.
Reservations of Seller. Seller reserves the following rights:
(a) To operate Seller’s property free from any control by Buyer in such manner as Seller, in Seller’s sole discretion, may deem advisable, including without limitation, the right to drill new xxxxx, to repair and rework old xxxxx and to abandon any well or surrender any lease or portion thereof.
(b) To use gas produced from the leases for drilling, gas-lifting, developing and operating Seller’s leases subject hereto, for the operation of Seller’s pipelines, water stations, compressors, camps and other miscellaneous uses incident to the operation of Seller’s leases and to fulfill obligations to the lessor thereof, or as to royalty obligations, if any.
(c) To unitize any of Seller’s leases with other properties of Seller and of others in which event this Agreement will cover the interest owned or controlled by Seller in such unit attributable to the leases and xxxxx in the field. It is, however, agreed and understood that in exercising such reserved and discretionary rights, Seller will act as a reasonably prudent operator would act under the same or similar circumstances.
Reservations of Seller
