Production Payment Hydrocarbons definition

Production Payment Hydrocarbons means the Hydrocarbons conveyed to Grantee pursuant to Section 1.01 hereof.
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Production Payment Hydrocarbons means the Subject Hydrocarbons conveyed and assigned to Royalty Owner pursuant to Section 1.1.
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Production Payment Hydrocarbons means the Hydrocarbons attributable to the limited royalty in the Subject Interests reserved unto Assignor pursuant to this Assignment and Xxxx of Sale.
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Examples of Production Payment Hydrocarbons in a sentence

  • Grantor shall be in exclusive control and possession of the Production Payment Hydrocarbons gathered at the wellheads and responsible for any loss, damage or injury caused thereby.

  • Grantor shall gather or cause to be gathered all Production Payment Hydrocarbons at the wellheads where produced and transport the same to the Delivery Points.

  • Grantee's Production Payment shall not bear any gas processing, gathering or transportation charges attributable to Production Payment Hydrocarbons, except to the extent provided in Section 1.02 of the Conveyance.

  • All costs and expenses of dehydrating, treating, and compressing Production Payment Hydrocarbons to satisfy such quality requirement shall be borne and paid by Grantor.

  • All Production Payment Hydrocarbons marketed by Grantor on behalf of Grantee shall be sold pursuant to arm's length contracts with parties not affiliated with Grantor, containing terms negotiated by Grantor as a prudent operator.

  • In the event any Production Payment Hydrocarbons are sold by Grantor, on behalf of Grantee, under the terms of any agreement between Grantor and Grantee or any of its affiliates, Grantee shall at all times be entitled to retain the proceeds of such sale and receive direct payment from Grantor's affiliate.

  • Cuba ranked 14th within the Latin American region in public health expenditures per capita in 2002 ($229, based on purchasing power parity exchange rates), with only six countries— the least developed ones in the region — having lower ex- penditures than Cuba.

  • It is recognized that Grantee will look solely to the Production Payment Hydrocarbons for satisfaction and discharge of the Production Payment, and that neither Grantor nor its principal officers is personally or corporately liable for the payment and discharge thereof.

  • All proceeds received by Grantor from the sale of Production Payment Hydrocarbons sold on behalf of Grantee pursuant to the terms hereof are received by Grantor in -1- trust for Grantee and shall be held in trust by Grantor for Grantee; provided, however, Grantor shall pay such proceeds to Grantee by wire transfer to such account as Grantee shall have designated from time to time within seven (7) days after receipt thereof by Grantor.

  • Subject to the provisions of Section 3, the Production Payment Hydrocarbons shall be delivered to the credit of Grantee, free of cost, at the Delivery Points.


More Definitions of Production Payment Hydrocarbons

Production Payment Hydrocarbons means the Hydrocarbons which are attributable to the Production Payment.
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Production Payment Hydrocarbons means the Hydrocarbons conveyed to Production Payment Owner pursuant to this Conveyance and shall include Scheduled Volumes and Make-Up Volumes as the same may be adjusted from time to time as set forth in Sections 1 and 2 hereof and in the Purchase Agreement, which shall accrue or be attributable to the Production Payment; provided, however, that Production Payment Hydrocarbons shall not include (I) Non-Consent Hydrocarbons where the Working Interest Owner is the non-consenting party or (ii) Lease Use Hydrocarbons.
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Production Payment Hydrocarbons. Subject Hydrocarbons," "Subject Interests," and "Subject Wells," as such terms are defined and used in the Original Conveyxxxx are hereby amended, effective as of the Effective Time, in order to take into account and recognize the addition of Additional Exhibit A hereto to the end of Exhibit A as attached to the Original Conveyance, and all other direct or indirect references in the Original Conveyance shall likewise be considered amended in order to take into account and recognize the addition of Additional Exhibit A hereto to the end of Exhibit A as attached to the Original Conveyance.
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Production Payment Hydrocarbons has the meaning given to such term in the applicable Conveyance.
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Production Payment Hydrocarbons means the Dedication Percentage of the NRI Percentage of all Hydrocarbons in and under and that may be produced from (or, to the extent pooled or unitized, allocated to) any Subject Interest between the Initial Time and the Termination Time.
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Related to Production Payment Hydrocarbons

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Production Payments and Reserve Sales means the grant or transfer by the Company or a Restricted Subsidiary to any Person of a royalty, overriding royalty, net profits interest, production payment (whether volumetric or dollar denominated), partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or a Restricted Subsidiary.

  • 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;

  • CO2 means carbon dioxide.

  • State-certified production means a qualified production

  • 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.

  • Minerals means any and all ores (and concentrates derived therefrom) and minerals, precious and base, metallic and non-metallic, in, on or under the Property which may lawfully be explored for, mined and sold.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other burdens upon, measured by or payable out of oil, gas or mineral production.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Non-Methane Hydrocarbons (NMHC means the sum of all hydrocarbon air pollutants except methane.

  • Feedstock means any controlled substance or new substance that undergoes chemical transformation in a process in which it is entirely converted from its original composition and whose emissions are insignificant,