Taking Production in Kind Sample Clauses

Taking Production in Kind. Each party shall have the right to take in kind or separately dispose of its proportionate share of all Gas produced from the Contract Area, exclusive of production which may be used in development and producing operations and in preparing and treating Oil and Gas for marketing purposes and production unavoidably lost. Any extra expenditure incurred in the taking in kind or separate disposition by any party of its proportionate share of the production shall be borne by such party. Any party taking its share of production in kind shall be required to pay for only its proportionate share of such part of Operator’s surface facilities which it uses. To the extent reasonably possible, the parties will agree on the joint marketing of the oil produced from the Contract Area. Each party shall execute such division orders and contracts as may be necessary for the sale of its interest in production from the Contract Area, and, except as provided in Article VII.B., shall be entitled to receive payment directly from the purchaser thereof for its share of all production. If any party fails to make the arrangements necessary to take in kind or separately dispose of its proportionate share of the Oil produced from the Contract Area, Operator shall have the right, subject to the revocation at will by the party owning it, but not the obligation, to purchase such Oil or sell it to others at any time and from time to time, for the account of the non-taking party. Any such purchase or sale by Operator may be terminated by Operator upon at least ten (10) days written notice to the owner of said production and shall be subject always to the right of the owner of the production upon at least ten (10) days written notice to Operator to exercise at any time its right to take in kind, or separately dispose of, its share of all Oil not previously delivered to a purchaser. Any purchase or sale by Operator of any party’s share of Oil shall be only for such reasonable periods of time as are consistent with the minimum needs of the industry under the particular circumstances, but in no event for a period in excess of one (1) year without the consent of all of the parties hereto. Any such sale by Operator shall be in a manner commercially reasonable under the circumstances. The sale or delivery by Operator of a non-taking party’s share of Oil under the terms of any existing contract of Operator shall not give the non-taking party any interest in or make the non-taking party a party to sa...
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Taking Production in Kind. Gas Balancing Terms Attached
Sample 1Sample 2
Taking Production in Kind. Each Party shall take in kind and separately dispose of its share of the oil and/or condensate and gas produced and saved from the Contract Area.
Sample 1
Taking Production in Kind. (Select One of the Two Options)
Sample 1
Taking Production in Kind. Non-Operators authorize Operator, as their agent and attorney-in-fact, to negotiate, execute and manage oil and gas purchase contracts with first purchasers and other leases and contracts necessary for normal and prudent operations. Operator is to exercise prudent judgment in the negotiation and execution of any oil and gas purchase contract should it become necessary to negotiate new contracts or agreements. This Agreement and all leases covered by same are subject to the provisions of applicable oil and gas purchase contracts, Operator and Non-Operators agree to permit on-site inspection of operations by oil and gas purchaser representatives.
Sample 1
Taking Production in Kind. Each party shall take in kind or separately dispose of its proportionate share of all oil and gas produced from the Contract Area. Any extra expenditure incurred in the taking in kind or separate disposition by any party of its proportionate share of the production shall be borne by such party. Any party taking its share of production in kind shall be required to pay for only its proportionate share of such part of Operator's surface facilities which it uses. Each party shall execute division orders and contracts as may be necessary for the sale of its interest in production from the Contract Area, and, except as provided in Article VII hereof, shall be entitled to receive payment directly from the purchaser thereof for its share of production. In the event any party shall fail to make the arrangements necessary to take in kind or separately dispose of its proportionate share of the oil and gas produced from the Contract Area, Operator shall have the right, subject to the revocation at will by the party owning it, to act as such party's agent for the purpose of selling it to others at any time and from time to time, for the account of the non-taking party at the contract price agreed to by Operator and the purchaser thereof. Any sale by Operator of any other party's share of oil or gas shall be only for such reasonable periods of time consistent with industry needs, but in no event for a period of more than one (1) year. Operator shall under no circumstances make a sale into interstate commerce of any other party's share of gas production without first giving such party thirty (30) days notice of such intended sale.
Sample 1
Taking Production in Kind. Each Party may take in kind or separately dispose of its proportionate share of all oil produced from the Unit Area, exclusive of production which may be used in development and producing operations and in preparing and treating oil and gas for marketing purposes and production unavoidably lost. Any extra expenditure incurred in the taking in kind or separate disposition by any Party of its proportionate share of the production shall be borne by such party. Any Party taking its share of production in kind shall be required to pay for only its proportionate share of such part of Unit Operator's surface facilities which it uses. Any Party taking its share of production in kind shall provide a comprehensive plan approved by the Unit Operator for such taking in kind. Unit Operator's approval shall not be unreasonably withheld. Each Party shall execute such division orders and contracts as may be necessary for the sale of its interest in production from the Unit Area, and except as provided otherwise herein shall be entitled to receive payment directly from the purchaser thereof for its share of all production.
Sample 1
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Related to Taking Production in Kind

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