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.
Observe implementation standards.2. Don’t breach the instructions.3. Don’t violate the manager’s status.1.Submit to the orders, prove manager’s significance and loyalty to him.2. Demonstrate obedience, discipline, loyalty, fully accept manager’s power (or compete with him).3.
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.
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.
Transaction creators can then specify a voluntary gasprice to advertise how much they are offering for each unit of gas spent.
Any Party may, by notice in writing, require the Operator to provide to that Party copies of records in respect of the production of Production Allocation Substances from the Well, and the Operator shall comply with the notice within 30 days of the date of the notice.
Each Lease 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.