Common use of Royalty Payment on Residue Gas Clause in Contracts

Royalty Payment on Residue Gas. On residue gas or gas remaining after separation, extraction or processing operations, Lessee shall pay Lessor twenty-two and one half percent (22.5%) of the proceeds of sale or of the market value thereof, whichever is higher.

Royalty Payment on Residue Gas. On residue gas or gas remaining after separation, extraction or processing operations, Lessee shall pay Lessor twenty-two and one half five percent (22.525%) of the proceeds of sale or of the market value thereof, whichever is higher.