Common use of Severed Substances Clause in Contracts

Severed Substances. All severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, petroleum, natural gas liquids, condensate, products, liquids and other hydrocarbons and other minerals or materials of every kind and description produced from the Oil and Gas Properties and either (a) in storage tanks on the Effective Date or (b) sold on or after the Effective Date (the “Substances”).

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Cano Petroleum, Inc), Agreement for Purchase and Sale (Toreador Resources Corp)

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Severed Substances. All severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, petroleum, natural gas liquids, condensate, products, liquids and other hydrocarbons and other minerals or materials of every kind and description produced from the Oil and Gas Properties and either (a) in storage tanks on the Effective Date, (b) in pipelines on the Effective Date or (bc) sold on or after the Effective Date (the "Substances").

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Nuevo Energy Co), Agreement for Purchase and Sale (Bellwether Exploration Co)

Severed Substances. All severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, petroleum, natural gas liquids, condensate, products, liquids and other hydrocarbons and other minerals or materials of every kind and description produced from the Oil and Gas Properties and either (a) in storage tanks on the Effective Date Time or (b) sold on or after the Effective Date Time (the “Substances”).

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Resaca Exploitation, Inc.), Agreement for Purchase and Sale (Resaca Exploitation, Inc.)

Severed Substances. All severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, petroleum, natural gas liquids, condensate, products, liquids and other hydrocarbons and other minerals or materials of every kind and description either produced and sold from the Oil and Gas Properties and either (a) in storage tanks on the Effective Date or (b) sold on or after the Effective Date or in pipelines on the Effective Date (the "Substances").

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Nuevo Energy Co)

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Severed Substances. All severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, petroleum, natural gas liquids, condensate, products, liquids and other hydrocarbons and other minerals or materials of every kind and description produced from the Oil and Gas Properties Interests and either (a) in storage tanks on the Effective Closing Date, (b) in pipelines on the Closing Date or (bc) sold on or after the Effective Closing Date (the "Substances").

Appears in 1 contract

Samples: Asset Purchase Agreement (Linn Energy, LLC)

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