Common use of Subject Interests Clause in Contracts

Subject Interests. Exhibit A contains a correct and complete description of the Subject Interests owned by Futures and to be conveyed to PEC hereunder, and the Subject Interests are correctly described in Exhibit A. The only operating agreements or other agreements affecting the Subject Interests are those set forth and described in Exhibit A. The Subject Interests entitle Futures to receive not less than the undivided interests set forth in Exhibit A as "Net Revenue Interests" of all indicated hydrocarbons produced, saved, and marketed from the lands covered thereby and all xxxxx located thereon through the plugging, abandonment, and salvage of such xxxxx. Futures' proportionate obligation to bear costs and expenses relating to the development of and operations on the leases, land, and xxxxx thereon is not, and, through the plugging, abandonment, and salvage of such xxxxx, will not be, greater than the "Working Interests" set forth in Exhibit A. Exhibit A contains a correct and complete list of each person or entity who owns a working interest in any of the property covered by the Subject Interests, the extent of such working interest, the net revenue interest of such person or entity, each person who holds a royalty interest in such property, and the extent of such royalty interest.

Subject Interests. Exhibit A contains a correct and complete description of the Subject Interests owned by Futures and to be conveyed to PEC Springbank hereunder, and the Subject Interests are correctly described in Exhibit A. The only operating agreements or other agreements affecting the Subject Interests are those set forth and described in Exhibit A. The Subject Interests entitle Futures to receive not less than the undivided interests set forth in Exhibit A as "Net Revenue Interests" of all indicated hydrocarbons produced, saved, and marketed from the lands covered thereby and all xxxxx located thereon through the plugging, abandonment, and salvage of such xxxxx. Futures' 's proportionate obligation to bear costs and expenses relating to the development of and operations on the leases, land, and xxxxx thereon is not, and, through the plugging, abandonment, and salvage of such xxxxx, will not be, greater than the "Working Interests" set forth in Exhibit A. Exhibit A contains a correct and complete list of each person or entity who owns a working interest in any of the property covered by the Subject Interests, the extent of such working interest, the net revenue interest of such person or entity, each person who holds a royalty interest in such property, and the extent of such royalty interest.

Subject Interests. Exhibit A contains a correct and complete description of the Subject Interests owned by Futures Southstar and to be conveyed to PEC DCC hereunder, and the Subject Interests are correctly described in Exhibit A. The only operating agreements or other agreements affecting the Subject Interests are those set forth and described in Exhibit A. The Subject Interests entitle Futures Southstar to receive not less than the undivided interests set forth in Exhibit A as "Net Revenue Interests" of all indicated hydrocarbons produced, saved, and marketed from the lands covered thereby and all xxxxx located thereon through the plugging, abandonment, and salvage of such xxxxx. Futures' Southstar's proportionate obligation to bear costs and expenses relating to the development of and operations on the leases, land, and xxxxx thereon is not, and, through the plugging, abandonment, and salvage of such xxxxx, will not be, greater than the "Working Interests" set forth in Exhibit A. Exhibit A contains a correct and complete list of each person or entity who owns a working interest in any of the property covered by the Subject Interests, the extent of such working interest, the net revenue interest of such person or entity, each person who holds a royalty interest in such property, and the extent of such royalty interest.

Subject Interests. Exhibit A contains a correct and complete description of the Subject Interests owned by Futures and to be conveyed to PEC GSC hereunder, and the Subject Interests are correctly described in Exhibit A. The only operating agreements or other agreements affecting the Subject Interests are those set forth and described in Exhibit A. The Subject Interests entitle Futures to receive not less than the undivided interests set forth in Exhibit A as "Net Revenue Interests" of all indicated hydrocarbons produced, saved, and marketed from the lands covered thereby and all xxxxx located thereon through the plugging, abandonment, and salvage of such xxxxx. Futures' 's proportionate obligation to bear costs and expenses relating to the development of and operations on the leases, land, and xxxxx thereon is not, and, through the plugging, abandonment, and salvage of such xxxxx, will not be, greater than the "Working Interests" set forth in Exhibit A. Exhibit A contains a correct and complete list of each person or entity who owns a working interest in any of the property covered by the Subject Interests, the extent of such working interest, the net revenue interest of such person or entity, each person who holds a royalty interest in such property, and the extent of such royalty interest.