Oil and Gas Assets definition

Oil and Gas Assets means those assets comprising the Company’s property and equipment as set forth in the Financial Statements.

Oil and Gas Assets means assets and properties used in the Oil and Gas Business.

Oil and Gas Assets means (a) any and all Oil and Gas Properties; (b) any and all properties now or hereafter pooled or unitized with Oil and Gas Properties; (c) any and all presently existing or future unitization, communitization, or pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations, rules or other official acts of any federal, state or other governmental body, agency or authority) that affect any Oil and Gas Property; (d) any and all operating agreements, contracts and other agreements, including production sharing contracts and agreements, that relate to any Oil and Gas Property or the production, sale, purchase, exchange or processing, handling, storage, transporting or marketing of Hydrocarbons from or attributable to any Oil and Gas Property; (e) any and all Hydrocarbons in and under and which may be produced and saved from, or are attributable to, any Oil and Gas Property, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to any Oil and Gas Property; (f) all tenements, hereditaments, appurtenances and properties in any manner appertaining, belonging, affixed or incidental to any Oil and Gas Property and (g) all properties, rights, titles, interests and estates described or referred to above, including any and all property, real or personal, immovable or immovable, that is now owned or hereafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any Oil and Gas Property or other property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be taken to such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, field separators, liquid extraction plants, plant compressors, pumps, pumping units, sales and flow lines, gathering systems, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, steam generation facilities, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes licenses and other surface and subsurface rights, together with all additions, substitutions, replacements, acc...

Examples of Oil and Gas Assets in a sentence

• To illustrate these candidates, consider the following very small problem:C1 : {c11 : a − b ≤ 10}C2 : {c21 : b − a ≤ −15}∨ {c22 : c − a ≤ −25}C3 : {c31 : b − c ≤ 10}C4 : {c41 : a − c ≤ 20}Clearly there is no complete solution to this problem, since c21 conflicts with c11, and c22 conflicts with the constraint induced by the transitive composition of c11 and c31.

• This Agreement does not govern: (a) the funding, development or operation of any equipment, fixtures or other assets located downstream of the outlet flange of the relevant custody transfer meter (or, in the case of Hydrocarbon liquids, downstream of the outlet flange in the tanks) located on or in the vicinity of the Leases in the Subject Oil and Gas Assets; or (b) the marketing or sale of oil and gas products from the Subject Oil and Gas Assets, all of which are outside the scope of this Agreement.

• This Agreement shall govern the respective rights and obligations of the Development Parties with respect to the funding, development and operation of the Subject Oil and Gas Assets.

• To eliminate the revenues and direct operating expenses associated with the Oil and Gas Assets.

• To the extent EOC or EPC serves as operator under any Third Party Operating Agreement, such Person is hereby designated and agrees to serve as operator under such Third Party Operating Agreement and to operate the Subject Oil and Gas Assets covered by such Third Party Operating Agreement in accordance with the terms and conditions thereof, subject (in each case) to the terms of this Agreement.

More Definitions of Oil and Gas Assets

Oil and Gas Assets means all of the following, to the extent located within the East Texas/North Louisiana Area:

Oil and Gas Assets means all of the following, to the extent located within the Appalachian Area:

Oil and Gas Assets means the Crude Oil and Natural Gas Properties and natural gas processing facilities of Abraxas and/or any of Abraxas' Restricted Subsidiaries.

Oil and Gas Assets means the Petroleum and Natural Gas Rights, the Tangibles and the Miscellaneous Interests;

Oil and Gas Assets means all of the following, to the extent located within the Option Area:

Oil and Gas Assets means all of the following, as applicable:

Oil and Gas Assets means the Brooken Pipeline as described on Schedule 2.25, all easements and or right-of-way agreements covering the Brooken Pipeline, and all other properties, rights and interests owned, legally or beneficially, by Company as of the Effective Time which are associated with the Brooken Pipeline.