Natural Gas Rights definition

Natural Gas Rights means the entire right, title, estate and interest of the Corporation in and to the Leases and the Lands set forth and described in Schedule "B", as encumbered by the Permitted Encumbrances;
Sample 1

Examples of Natural Gas Rights in a sentence

  • Per; Name: Marc KellyTitle: Senior Vice PresidentSchedule “B” Purchased AssetsThe Purchased Assets consist of the Assets (as defined in the Sale Agreement, and each subsequent capitalized term herein having the respective meaning as defined therein), including, without limitation, the Petroleum and Natural Gas Rights, the Tangibles, and the Miscellaneous Interests, described in the attachments to this Schedule “B”, but specifically excluding the Excluded Assets.

  • Per: Name: Title: SCHEDULE "B" Purchased Assets The Purchased Assets consist of the Assets (as defined in the Sale Agreement, and each subsequent capitalized term herein having the respective meaning as defined therein), including, without limitation, (i) the Petroleum and Natural Gas Rights; (ii) the Tangibles; and (iii) the Miscellaneous Interests described in the attachments to this Schedule "B".

  • Upon the date on which any Person earns any interest in the Petroleum and Natural Gas Rights comprised in the Properties pursuant to such a farmout agreement, the interest in the portion of the Royalty to the extent it is calculated with reference to production from or otherwise relates to such Petroleum and Natural Gas Rights shall merge in the interest in such Petroleum and Natural Gas Rights and such interest in the Royalty shall thereupon terminate.

  • Notwithstanding anything in this Agreement, the Grantor shall have full right, power and authority to pool or unitize any of the Petroleum and Natural Gas Rights comprised in the Properties with any other Petroleum and Natural Gas Rights without the prior consent of the Royalty Owner, provided that the Grantor, acting in a reasonable and prudent manner, determines that the pooling or unitization and the terms thereof are in accordance with prudent oil and gas industry practises.

  • Notwithstanding anything in this Agreement, the Grantor shall be entitled to enter into farmout agreements with any Person in respect of the Petroleum and Natural Gas Rights comprised in the Properties, whereby such Person may acquire an interest in such Petroleum and Natural Gas Rights in exchange for the payment of capital costs, or other consideration, incurred with a view to exploit such Petroleum and Natural Gas Rights.

  • The adjustments shall constitute an increase or decrease, as the case may be, to the Purchase Price and to the amount allocated to the Petroleum and Natural Gas Rights.

  • Government of British Columbia, Ministry of Energy and Mines, Titles-05-02: “ Managing Co-existing Coal and Petroleum and Natural Gas Rights (Replaces E92-11)” (8 April 2005), online: MEMPR <http://www.em.gov.bc.ca/subwebs/Landsale/InfoLetters/petitles/Titles-05-02.htm> [Titles-05-02].

  • Subject to Article 11, this agreement shall continue in full force and effect for so long as there are Petroleum and Natural Gas Rights to which the NPI applies.

  • No Persons have possession of any Collateral other than (i) Hydrocarbons held by operators engaged with respect to Borrowers' Petroleum and Natural Gas Rights; (ii) the Persons who hold hedge accounts of the Credit Parties other than Coho Canada; (iii) the Credit Parties other than Coho Canada; and (iv) such other Persons identified to the Administrative Agent pursuant to the Security Documents.

  • The amount allocated to Petroleum and Natural Gas Rights in Clause 3.5 shall be increased by the additional amount paid by Purchaser to Vendor pursuant to this Clause.

Related to Natural Gas Rights

  • Petroleum and Natural Gas Rights means the Vendor’s entire interest in those Petroleum Substances underlying the Lands in the respective formations to the extent that the same are described in Schedule “A” and are granted by the Leases, subject to the Permitted Encumbrances, and includes the interest and right of the Vendor in any lands or leases with which those Petroleum Substances have been pooled or unitized;

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Greenhouse Gas Emissions means emissions in terms of tonnes of CO2 equivalent of carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), nitrogen trifluoride (NF3) and sulphur hexafluoride (SF6) determined pursuant to Regulation (EU) No 525/2013 and falling within the scope of this Regulation;

  • Geothermal energy means energy contained in heat that continuously flows outward from the earth that is used as the sole source of energy to produce electricity.

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • Surface Rights means all rights to use the surface of land in connection with the Properties including, without limitation, all rights to enter upon and occupy the surface of land on which the Tangibles and Xxxxx are located and rights to cross or otherwise use the surface of land for access to the Properties;

  • Natural environment means the air, land and water, or any combination or part thereof, of the Province of Ontario; (“environnement naturel”)

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • CO2 means carbon dioxide.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;