Common use of ROYALTY SETTLEMENT Clause in Contracts

ROYALTY SETTLEMENT. The United States and any State and any royalty owner § 3186.1 who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator in the case of the operation of a well by a non- unit operator as herein provided for in spe- cial cases, shall make deliveries of such xxx- xxxx share taken in kind in conformity with the applicable contracts, laws, and regula- tions. Settlement for royalty interest not taken in kind shall be made by an operator responsible therefor under existing con- tracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obliga- tions for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating area hereunder, for use in repres- suring, stimulation of production, or increas- ing ultimate recovery, in conformity with a plan of development and operation approved by the AO, a like amount of gas, after settle- ment as herein provided for any gas trans- ferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise be consented to by the AO as con- forming to good petroleum engineering prac- xxxx; and provided further, that such right of withdrawal shall terminate on the termi- nation of this unit agreement. Royalty due the United States shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral land as provided in Section 12 at the rates specified in the respective Federal leases, or at such other rate or rates as may be authorized by law or regulation and ap- proved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age production shall be determined in ac- cordance with the operating regulations as though each participating area were a single consolidated lease.

ROYALTY SETTLEMENT. The United States and any State and any royalty owner § 3186.1 who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator working interest owner in the case of the operation of a well by a non- unit operator working interest owner as herein provided for in spe- cial special cases, shall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty interest not taken in kind shall be made by an operator working interest owners responsible therefor therefore under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties lessees of any land from their respective lease obliga- tions obligations for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating participating area hereunder, for use in repres- suringrepressuring, stimulation of production, or increas- ing increasing ultimate recovery, recovery in conformity with a plan of development and operation approved by the AOAO and the Land Commissioner and the Division, a like amount of gas, after settle- ment settlement as herein provided for any gas trans- ferred transferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise otherwise be consented to by the AO and the Land Commissioner and the Division as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreement. Royalty due the United States shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral Federal land as provided in Section 12 at the rates specified in the respective Federal leaseslease, or at such other rate or rates as may be authorized by law or regulation and ap- proved approved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age average production shall be determined in ac- cordance accordance with the operating regulations as though each participating area were a single consolidated lease. Royalty due on account of State lands shall be computed and paid on the basis of all unitized substances allocated to such lands.

ROYALTY SETTLEMENT. The United States and any State and any royalty owner § 3186.1 who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator in the case of the operation of a well by a non- non-unit operator as herein provided for in spe- cial special cases, shall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty interest not taken in kind shall be made by an operator responsible therefor under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obliga- tions obligations for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating participating area hereunder, for use in repres- suringrepressuring, stimulation of production, or increas- ing increasing ultimate recovery, in conformity with a plan of development and operation approved by the AO, a like amount of gas, after settle- ment settlement as herein provided for any gas trans- ferred transferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise otherwise be consented to by the AO as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreement. Royalty due the United States shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral Federal land as provided in Section 12 at the rates specified in the respective Federal leases, or at such other rate or rates as may be authorized by law or regulation and ap- proved approved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age average production shall be determined in ac- cordance accordance with the operating regulations as though each participating area were a single consolidated lease. 15.

ROYALTY SETTLEMENT. The United States and any States, the Indians, the State ofNew Mexico, and any royalty owner § 3186.1 who is entitled to take in kind a share sliare of the substances substauces now unitized hereunder shall be sltall hereafter be entitled to the right to take in ill kind its share of the unitized substances, and aud Unit Operator, or the non-unit operator tire working interest owner in the case of the tlie operation of a well by a non- unit operator wotking interest owner as herein provided for in spe- cial special cases, shall sliall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty interest not taken in kind shall be made by an operator woriring interest owuers responsible therefor under Iherefore uuder existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month mouth for unitized umtized substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section shall sliall operate to relieve the responsible parties of any land from their respective lease obliga- tions obligations for the payment tlie paynieut of any royalties loyalties due under their leasestheirleases. If gas obtained from lands not subject to this tliis agreement is introduced into any par- ticipating the unit area hereunder, for use in repres- suringrepressuring, stimulation of production, or increas- ing ultimate recovery, increasingultimate recovery in conformity with a plan of development ofdevelopment and operation approved by the AO, and tlie Laud Commissioner and tlie Division, a like amount of gas, after settle- ment settlement as herein provided for any gas trans- ferred transferred from any auy other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry diy gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the tlie approved plan of development and aud operation or as may other- wise otherwise be consented to by the AO AO, and the Land Commissioner and the Division as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that tliat such right of withdrawal ofwithdrawal shall terminate tenninate on the termi- nation temiination of this unit agreementUnit Agreement. Royalty due the on United States aud Indian trust lands shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the tlie basis of the amounts thereof allocated thereofallocated to unitized Fed- eral land as provided in iu Section 12 11 at the rates specified in the respective Federal leaseslease, or at such other rate or rates as may be authorized by law or regulation and ap- proved approved by the AO; provided, that for leases on which the royalty rate depends on the die daily average production per well, said aver- age average production shall be determined in ac- cordance iu accordance with the operating regulations as though each participating die unitized area were a single consolidated lease. Royalty due on account ofState lands sliall be computed and paid on the basis ofall unitized substances allocated to such lands.

ROYALTY SETTLEMENT. The United States and any States, the Indians, the State of New Mexico, and any royalty owner § 3186.1 who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator working interest owner in the case of the operation of a well by a non- unit operator working interest owner as herein provided for in spe- cial special cases, . shall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty interest not taken in kind shall be made by an operator working interest owners responsible therefor therefore under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obliga- tions obligations for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating the unit area hereunder, for use in repres- suringrepressunng, stimulation of production, or increas- ing increasing ultimate recovery, recovery in conformity with a plan of development and operation approved by the AO, and the Land Commissioner and the Division, a like amount of gas, after settle- ment settlement as herein provided for any gas trans- ferred transferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; , provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise otherwise be consented to by the AO AO, and the Land Commissioner and the Division as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreementUnit Agreement. Royalty due the on United States and Indian trust lands shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral land as provided in Section 12 11 at the rates specified in the respective Federal leaseslease, or at such other rate or rates as may be authorized by law or regulation and ap- proved approved by the AO; , provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age average production shall be determined in ac- cordance accordance with the operating regulations as though each participating the unitized area were a single consolidated lease. Royalty due on account of State lands shall be computed and paid on the basis of all unitized substances allocated to such lands.

ROYALTY SETTLEMENT. The United States Slates and any State and any royalty royally owner § 3186.1 who is entitled to take lake in kind a share of the substances now unitized uniti/ed hereunder shall be hereafter be he entitled to the right to take in kind its share of the unitized uniti/ed substances, and Unit Operator, or the non-unit operator working interest owner in the case of case'of the operation of a well by a non- unit operator working interest owner as herein provided for in spe- cial special cases, shall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty royally interest not taken in kind shall be made by an operator working interest owners responsible therefor therefore under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last Iasi day of each month for unitized uniti/ed substances produced dur- ing during the preceding calendar month; : provided, however, that nothing in this section shall operate to relieve the responsible parties panics of any land from their respective lease obliga- tions obligations for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating the unit area hereunder, for use in repres- suringrepressuring, stimulation of production, or increas- ing increasing ultimate recovery, recovery in conformity with a plan of development and operation approved by the AOAO and the Division, a like amount of gas, after settle- ment settlement as herein provided for (or any gas trans- ferred transferred from any other participating area and with appropriate deduction for loss from any cause, may be he withdrawn from the formation into which the gas is introduced, royalty royally free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise otherwise be consented to by the AO AO. and the Division as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreementUnit Agreement. Royalty due the on United States and Indian trust lands shall be he computed as provided in 30 .10 CFR Group 200 and paid in value or delivered in kind as to In all unitized uniti/ed substances on the basis of the amounts thereof allocated to unitized Fed- eral uniti/ed land as provided in Section 12 I I at the rates specified .specified in the respective Federal leaseslease, or at such other rate or rates as may be authorized by law or regulation and ap- proved approved by the AO; : provided, that for lor leases on which the royalty rate depends on the daily average production per well, said aver- age average production shall be determined in ac- cordance accordance with the operating regulations as though each participating the uniti/ed area were a single consolidated lease.

ROYALTY SETTLEMENT. The United States State of New Mexico and any State and any royalty owner § 3186.1 who is all Royalty Owners who, under existing contracts, are entitled to take in kind a share of the substances now produced from any Tract unitized hereunder hereunder, shall be hereafter be entitled to the right to take in kind its their share of the unitized substancesUnitized Substances allocated to such Tract, and Unit Operator, or the non-unit operator in the case of the operation of a well by a non- unit operator as herein provided for in spe- cial cases, Operator shall make deliveries of such xxx- xxxx Royalty share taken in kind in conformity with the applicable contracts, laws, laws and regula- tionsregulations. Settlement for royalty interest Royalty Interests not taken in kind shall be made by an operator Working Interest Owners responsible therefor therefore under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances Unitized Substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section herein contained shall operate to relieve the responsible parties lessees of any land from their respective lease obliga- tions obligations for the payment of any royalties Royalty due under their leases, except that such Royalty shall be computed in accordance with the terms of this Unit Agreement. If gas obtained from lands not subject to this agreement Agreement is introduced into any par- ticipating area hereunder, the Unitized Formation for use in repres- suringpressure maintenance, stimulation of production, or increas- ing increasing ultimate recovery, which shall be in conformity with a plan of development and operation first approved by the AO, Commissioner and the Division a like amount of gas, after settle- ment as herein provided for any gas trans- ferred from any other participating area and with less appropriate deduction deductions for loss from any cause, cause may be withdrawn from the formation into which the gas is was introduced, royalty free as to dry gas, but not as to any the products which may be extracted therefrom; provided that such withdrawal shall be at pursuant to such time conditions and formula as may be provided in the prescribed or approved plan of development and operation or as may other- wise be consented to by the AO as con- forming to good petroleum engineering prac- xxxxCommissioner; and Division provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreement. If liquefied petroleum gases obtained from lands or formations not subject to this agreement be injected into the Unitized Formation for the purpose of increasing ultimate recover, which shall be in conformance with a plan first approved by the Commissioner and Division; part or all of such liquefied petroleum gases may be withdrawn royalty free pursuant to such conditions and formula as may be prescribed or approved by the Commissioner and Division. Royalty due the United States on account of State lands shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof all Unitized Substances allocated to unitized Fed- eral land as provided in Section 12 at the rates specified in the respective Federal leases, or at such other rate or rates as may be authorized by law or regulation and ap- proved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age production shall be determined in ac- cordance with the operating regulations as though each participating area were a single consolidated leaselands.

ROYALTY SETTLEMENT. The United States and any States, the Indians, the State and any royalty owner § 3186.1 who w'ho is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator working interest owner in the case of the ofthe operation of a well by a non- unit operator working interest owner as herein provided for in spe- cial special cases, shall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty interest not taken in kind shall be made by an operator working interest owners responsible therefor therefore under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any ofany land from their respective lease obliga- tions obligations for the payment of any ofany royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating the unit area hereunder, for use in repres- suringrepressuring, stimulation of production, or increas- ing increasing ultimate recovery, recovery in conformity with a plan of development and operation approved by the AOAO and the Land Commissioner and the Division, a like amount of gas, after settle- ment settlement as herein provided for any gas trans- ferred transferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise otherwise be consented to by the AO and the I-and Commissioner and the Division as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreementUnit Agreement. Royalty due on the United States and Indian trust lands shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral Federal land as provided in Section 12 11 at the rates specified in the respective Federal leaseslease, or at such other rate or rates as may be authorized by law law' or regulation and ap- proved approved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age average production shall be determined in ac- cordance accordance with the operating regulations as though each participating the unitized area were a single consolidated lease. Royally due on account of State lands shall be computed and paid on the basis ofall unitized substances allocated to such lands.

ROYALTY SETTLEMENT. The United States and any State and any royalty owner § 3186.1 owner, who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator in the case of the operation of a well by a non- non-unit operator as herein provided for in spe- cial special cases, shall make deliveries of such xxx- xxxx royalty share taken in kind in conformity with the applicable contracts, laws, and regula- tionsregulations. Settlement for royalty interest not taken in kind shall be made by an operator responsible therefor therefore under existing con- tractscontracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obliga- tions obligations for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating participating area hereunder, for use in repres- suringrepressuring, stimulation of production, or increas- ing increasing ultimate recovery, in conformity with a plan of development and operation approved by the AOpursuant to Section 10, a like amount of gas, after settle- ment settlement as herein provided for any gas trans- ferred transferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise otherwise be consented to by the AO AO, the Land Commissioner, and the Division as con- forming conforming to good petroleum engineering prac- xxxxpractice; and provided further, that such right of withdrawal shall terminate on the termi- nation termination of this unit agreement. Royalty due the United States shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral Federal land as provided in Section 12 at the rates specified in the respective Federal leases, or at such other rate or rates as may be authorized by law or regulation and ap- proved approved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age average production shall be determined in ac- cordance accordance with the operating regulations as though each participating area were a single consolidated lease.