ROYALTY ON PRODUCTION. Except for oil, gas, and associated substances used on the leased area for development and production or unavoidably lost, the lessee shall pay to the state as a royalty percent in amount or value of the oil, gas, and associated substances saved, removed, or sold from the leased area and of the gas from the leased area used on the leased area for extraction of natural gasoline or other products.
ROYALTY ON PRODUCTION. (a) The Lessee agrees t o pay the lessor a royalt y of tha t percent i n amount or value of production saved, removed or sold from the leased area as determined by the slidin g scale royalt y formula as follows . When the quarterl y value of production, adjusted fo r inflation , i s less than or equal t o $13.236229 million , a royalt y of 16.66667 percent i n amount or value of production saved, removed or sold wil l be due on the unadjusted value or amount of production. When the adjusted quarterl y value of production i s equal t o or greater than $13.236230 million , but less than or equal to $1662.854082 million , the royalt y percent due on the unadjusted value or amount of production i s given by Rj = b[Ln (Vj/S)] where Rj = the percent royalt y tha t i s due and payable on the unadjusted amount or value of al l production saved, removed or sold i n quarter j b = 10.0 Ln = natura l logarith m V j = the value of production i n quarter j , adjusted fo r inflation , i n million s of dollar s S = 2.5 When the adjusted quarterl y value of production i s equal to or greater than $1662.854083 million , a royalt y of 65.00000 percent i n amount or value of production saved, removed or sold wil l be due on the unadjusted quarterl y value of production. Thus, i n no instance wil l the quarterl y royalt y due exceed 65.00000 percent i n amount or value of quarterl y production saved, removed or sold .
ROYALTY ON PRODUCTION. (a) Thii bmuim I'jhuil IIU» n fimd iijiiUj. if pn,,,.i in •••«•> m • if pm rlwnti»n aawidi nmovtii, ot said turn tha Umam4 a»aa» Gas of all kinds (except helium) is subject to royalty. The Lessor shall determine whether production royalty shall be paid in amount or value.
ROYALTY ON PRODUCTION. Lessee shall pay a total royalty for the Leased Area of TWELVE AND ONE-HALF PERCENT (12 – 1/2%) in amount or value of the Oil, Gas, and Associated Substances saved, removed, or sold from the Leased Area and of the Gas from the Leased Area used on the Leased Area for extraction of natural gasoline or other products.
ROYALTY ON PRODUCTION. (a) The Lessee shal l pay a fixe d royalty of 16~2/ 3 percent i n amount or value of pro• ductio n saved, removed, or sol d from the leased area. Gas of al l kinds (except helium) is subject to royalty . The Lessor shal l determine whether production royalty shal l be paid i n amount or value .
ROYALTY ON PRODUCTION. (a) The state's royalty share of production from the lease is not subject to lien and shall be paid to the state, free and clear of all costs including costs incurred for exploration, production, transmission, or transportation, and regardless of whether the costs are incurred on or off the lease.
ROYALTY ON PRODUCTION. Upon commencing production of valuable minerals from the Property, Lessee shall pay Owner a royalty on production in accordance with the following schedule: Price of Gold Percentage Royalty $450.00 or less 2.5% NSR $450.01 to $500.00 3.0% NSR $500.01 or greater 3.5% NSR The term “net smelter returns” shall mean the gross value of ores or concentrates shipped to a smelter or other processor (as reported on the smelter settlement sheet) less the following expenses actually incurred and borne by Lessee:
ROYALTY ON PRODUCTION. Upon commencing production of valuable minerals from the Property, Lessee shall pay Owner a royalty on production in accordance with the following schedule: Average Gold Price Net Smelter Return $250.00 (less than or equal to) 2.0% $250.01 to $300.00 2.5% $300.01 to $350.00 3.0% $350.01 to $400.00 3.5% $400.01 and above 4.0%
ROYALTY ON PRODUCTION. Upon commencing production of valuable minerals from the Property, Lessee shall pay Owner a royalty on production in accordance with the following schedule: Average Gold Price Net Smelter Return $250.00 (less than or equal to) 2.0% $250.01 to $300.00 2.5% $300.01 to $350.00 3.0% $350.01 to $400.00 3.5% $400.01 and above 4.0% -- The term “net smelter returns” shall mean the gross value of ores or concentrates shipped to a smelter or other processor (the term “gross value” referring to the gross units of the metals out-turned by the refiner or smelter, as reported on the refinery and smelter settlement sheets, multiplied by the appropriate price per unit of the out-turned metals), less the following expenses actually incurred and borne by Lessee:
ROYALTY ON PRODUCTION. 22.1. The Consortium shall pay to the State a Royalty on the Total Production of Hydrocarbons (after deducting the quantities referred to in this Article) at rate of 12.5% in the case of Crude Oil and 5% in case of Natural Gas.
