Common use of SELLER'S RESERVATIONS Clause in Contracts

SELLER'S RESERVATIONS. 4.1.1 To operate said Leases and/or Wxxxx free from control by BUYER in such manner as SELLER, in SELLER’s sole 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 no longer deemed to be capable of producing Gas in commercial paying quantities under normal methods of operation by SELLER. 4.1.2 To unitize or pool any of the Leases or portions thereof with other Leases, in such event SELLER’s interest in the unit and the unit Gas attributable to SELLER’s interest shall be subject to and SELLER agrees to take all action necessary to commit such unit Gas attributable to SELLER’s interest to this Agreement. 4.1.3 To retain all liquids and Condensate separated from the Gas by the use of typical volumetric (non-refrigerated) oil and Gas separators prior to the delivery of the Gas to BUYER at the Receipt Point(s) specified herein.

Appears in 2 contracts

Samples: Gas Purchase Agreement (Eagle Rock Energy Partners, L.P.), Gas Purchase Agreement (Eagle Rock Energy Partners, L.P.)

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SELLER'S RESERVATIONS. 4.1.1 To operate said Leases and/or Wxxxx Xxxxx free from control by BUYER in such manner as SELLER, in SELLER’s sole discretion, may deem advisable, including, without limitation, the right to drill new WxxxxXxxxx, to repair and rework old WxxxxXxxxx, and to abandon any Well or surrender any Lease when no longer deemed to be capable of producing Gas in commercial paying quantities under normal methods of operation by SELLER. 4.1.2 To unitize or pool any of the Xxxxx, Leases or portions thereof with other LeasesLeases or Xxxxx, in such event SELLER’s interest in the unit and the unit Gas attributable to SELLER’s interest shall be subject to and SELLER agrees to take all action necessary to commit such unit Gas attributable to SELLER’s interest to this Agreement. 4.1.3 To retain all liquids and Condensate separated from the Gas by the use of typical volumetric (non-refrigerated) oil and Gas separators prior to the delivery of the Gas to BUYER at the Receipt Point(s) specified herein.

Appears in 1 contract

Samples: Gas Purchase Agreement (Cano Petroleum, Inc)

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SELLER'S RESERVATIONS. 4.1.1 To operate said Leases and/or Wxxxx Xxxxx free from control by BUYER in such manner as SELLER, in SELLER’s sole discretion, may deem advisable, including, without limitation, the right to drill new WxxxxXxxxx, to repair and rework old WxxxxXxxxx, and to abandon any Well or surrender any Lease when no longer deemed to be capable of producing Gas in commercial paying quantities under normal methods of operation by SELLER. 4.1.2 To unitize or pool any of the Leases or portions thereof with other Leases, in such event SELLER’s interest in the unit and the unit Gas attributable to SELLER’s interest shall be subject to and SELLER agrees to take all action necessary to commit such unit Gas attributable to SELLER’s interest to this Agreement. 4.1.3 To retain all liquids and Condensate separated from the Gas by the use of typical volumetric (non-refrigerated) oil and Gas separators prior to the delivery of the Gas to BUYER at the Receipt Point(s) specified herein.

Appears in 1 contract

Samples: Gas Purchase Agreement (Cano Petroleum, Inc)

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