Production Allocation Substances definition

Production Allocation Substances has the meaning identified in Alternative [number] below. The alternatives that are not selected have no application to this agreement. Alternative 1(Natural Gas): Natural gas together with associated substances in or obtained from the Production Allocation Zone through the Well, both before and after it has been subjected to any processing, and includes all liquid hydrocarbons other than crude oil;
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Production Allocation Substances means the following substances which are produced from the Production Allocation Zone through the Well: i. any product recovered from or obtained by processing oil sands, and any other product obtained directly or indirectly from such products; and ii. gas dissolved in crude bitumen under initial reservoir conditions and includes any of that gas that evolves as a result of changes in pressure due to human disturbance, but does not include gas produced through chemical alteration of crude bitumen using high temperature, high pressure, a catalyst or otherwise; INSTRUCTION: Fill in the required proposed well log information: formation name, depths, log name, well name and unique well identifier.
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Production Allocation Substances means the following substances which are produced from the Production Allocation Zone through the Well: any product recovered from or obtained by processing oil sands, and any other product obtained directly or indirectly from such products; and gas dissolved in crude bitumen under initial reservoir conditions and includes any of that gas that evolves as a result of changes in pressure due to human disturbance, but does not include gas produced through chemical alteration of crude bitumen using high temperature, high pressure, a catalyst or otherwise;
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Examples of Production Allocation Substances in a sentence

  • In the event that any portion of a Working Interest Owner’s share of Production Allocation Substances allocated to a Tract is deliverable in kind to an owner of a Royalty Interest in respect of that Tract, such Working Interest Owner shall ensure that such royalty delivery obligations are satisfied.

  • Neither this Agreement nor any other agreement or instrument relating to the Production Allocation Zone or Production Allocation Substances shall terminate by reason of suspension of operations for any cause set forth in this clause.

  • Each Lease and any other agreement or instrument relating to the Production Allocation Zone or Production Allocation Substances is hereby amended only to the extent necessary to make it conform to this Agreement.

  • The Working Interest Owners are hereby granted the right to develop and operate the Well for the production of Production Allocation Substances from the Production Allocation Zone in such manner and by such methods as the Working Interest Owners consider necessary and proper.

  • The allocation of production provided for herein shall become effective at 0800 on the first day of the first calendar month which is the earliest of: the month in which production of Production Allocation Substances from the Well commences, or the month following the date of execution and delivery of this Agreement, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area.

  • On and after the Effective Date of this Agreement, the Production Allocation Substances when produced from the Well shall be allocated among the Tracts in accordance with their respective Tract Participation Factors.

  • The Working Interest Owner in each Tract shall calculate the royalty for that Tract: on the total amount of Production Allocation Substances produced from the Well, and at the rate under the Lease or pursuant to the Mines and Minerals Act, as the case may be, and shall pay or deliver to the Royalty Interest Owner in the Tract a royalty share of production based on the amount of Production Allocation Substances allocated to the Tract.

  • If upon the expiry of a period of three months following the giving of any such notice the Well has not recommenced production of Production Allocation Substances, this Agreement shall terminate.

  • Upon reasonable prior notice to the Operator, the Operator shall permit and facilitate any Party or its authorized representative, at all reasonable times and at the Party’s sole risk and expense, to enter upon and have access to the wellsite for the purpose of inspecting equipment or facilities associated with the Well, or for the purpose of inspecting any records of production of Production Allocation Substances from the Well.

  • If upon the expiration of a period of following the giving of any such notice the Well has not recommenced production of Production Allocation Substances, this Agreement shall terminate.