After Payout or “APO” means the Working Interest and/or Net Revenue Interest of a party after the point in time when the Well has recovered from production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or wells plus costs of operating the well or wells during the recoupment period.
After Payout as used herein means that the figure next to which this abbreviation appears represents Mortgagor's net income interest after the point in time when the operator of the well or xxxxx situated on the described property has recovered from production from that well or those xxxxx all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period. The remainder of this page is intentionally left blank
After Payout means that period of time commencing after Payout occurs and continuing for the balance of the term of this Assignment.
Examples of After Payout in a sentence
After Payout, however, Frontier asks the court to fix its share of the PPCs at 15%, even though it asks for an escalating royalty.
Actual lease and well holdings are subject to “Before and After Payout variations”, various farmout terms, provisions of operating agreements and may be subject to depth restrictions.
Payout = $20,000; $20,000 divided by $2000 = 10 months; 10 months of $2000 HAC is added 10 months of $1500 HAC is dropped 02 months - $1500 12 months - $1800 12 months - $2000 10 months - $2000 After Payout: HAC = $1,905.
After Payout, distributions pursuant to this Section 8.1 shall be distributed 10% to the GP and 90% to the Partners (including the GP but only with respect to any Interests it owns).
Cash-on-Cash returns are from projected royalty investments only; Limited Partner returns would be subject to the Fund’s organization and operating costs, and the General Partner’s After Payout profits interest.
More Definitions of After Payout
After Payout or "APO" means the Working Interest or Net Revenue Interest of a party after the point in time when the Mortgaged Property has recovered from Production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period. With respect to the descriptions of each of the Mortgaged Properties, if the description requires, such description may continue on several successive pages of each Part of Exhibits A-1 and A-2. Certain property descriptions are in abbreviated form as to Sections, Townships and Ranges. EXHIBIT B DRAFT RECORDING REQUESTED BY AND ) WHEN RECORDED RETURN TO: ) XXXXX XXXXXX LLP ) 000 Xx. Xxxxxxx Xxxxxx, 50th Floor ) Xxx Xxxxxxx, XX 00000-0000 ) Attn: Xxxxx Xxxxxxx ) DEED OF TRUST, FIXTURE FILING, ASSIGNMENT OF AS-EXTRACTED COLLATERAL, SECURITY AGREEMENT AND FINANCING STATEMENT FROM PETROTX ENERGY, LLC as Mortgagor to , as Trustee for the benefit of XXXXXXX XXXXX TRUSTEES (1992) LTD, in its capacity as trustee and agent for the Bondholders A CARBON, PHOTOGRAPHIC, OR OTHER REPRODUCTION OF THIS INSTRUMENT IS SUFFICIENT AS A FINANCING STATEMENT A POWER OF SALE HAS BEEN GRANTED IN THIS INSTRUMENT. A POWER OF SALE MAY ALLOW THE TRUSTEE OR MORTGAGEE TO TAKE THE MORTGAGE PROPERTY AND SELL IT WITHOUT GOING TO COURT IN A FORECLOSURE ACTION UPON DEFAULT BY MORTGAGOR UNDER THIS INSTRUMENT. THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS. THIS INSTRUMENT SECURES PAYMENT OF FUTURE ADVANCES. THIS INSTRUMENT COVERS PROCEEDS OF MORTGAGE PROPERTY. THIS INSTRUMENT COVERS MINERALS, AS-EXTRACTED COLLATERAL AND OTHER SUBSTANCES OF VALUE WHICH MAY BE EXTRACTED FROM THE EARTH (INCLUDING WITHOUT LIMITATION OIL AND GAS) AND WHICH WILL BE FINANCED AT THE WELLHEADS OF THE WELL OR XXXXX LOCATED ON THE PROPERTIES DESCRIBED IN THE EXHIBITS HERETO. THIS FINANCING STATEMENT IS TO BE FILED OR FILED FOR RECORD, AMONG OTHER PLACES, IN THE REAL ESTATE RECORDS OR SIMILAR RECORDS OF THE COUNTY RECORDERS OF THE COUNTIES LISTED ON THE EXHIBITS HERETO. MORTGAGOR HAS AN INTEREST OF RECORD IN THE REAL ESTATE CONCERNED, WHICH INTEREST IS DESCRIBED IN THE EXHIBITS ATTACHED HERETO. PORTIONS OF THE DEED OF TRUST PROPERTY ARE GOODS WHICH ARE OR ARE TO BECOME AFFIXED TO OR FIXTURES ON THE LAND DESCRIBED IN OR REFERRED TO IN THE EXHIBITS HERETO. THIS FINANCING STATEMENT IS TO BE FILED FOR RECORD OR R...
After Payout or “APO” means the Working Interest and/or Net Revenue Interest of a party after the point in time when the Well has recovered from production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or wxxxx plus costs of operating the well or wxxxx during the recoupment period.
After Payout or “APO” specifies the Net Revenue Interest and the Working Interest of Mortgagor after the occurrence of a particular event, such as payout of certain costs with respect to a Well or Xxxxx, as described in a Lease, assignment or assignments thereof, or one or more of the agreements to which the affected property is subject as shown in this Exhibit A.
After Payout as used herein means that the figure next to which this abbreviation appears represents Mortgagor’s net revenue interest after the point in time when Mortgagor or third party has recovered from production from that well or those xxxxx all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period.
After Payout as used in this Agreement shall mean that point in time at which the cumulative net proceeds (as hereinafter defined) of each well drilled are equal to the cumulative well costs (as hereinafter defined).
After Payout as used herein means the time after which Grantor has recovered from the proceeds of production from a well all costs of of preparing to drill, drilling, completing, equipping and operating such well. All recording references in this Exhibit A are to the Official Records of ____________ County, Texas Leases Pacific Energy Development Corp. - Texas Assets Lessor Lessee Eff Date State County Description Xxxxx Xxxx Xxxx, Trustee et al Hawkeye Stratigraphic Inc 5/25/99 TX Matagorda Xxxxxxx & Sojourner League A -13 contaning 56 acres XX Xxxxxxxxx et ux Hawkeye Stratigraphic Inc 5/25/99 TX Matagorda Xxxxxxx & Sojourner League A -13 contaning 56 acres Xxxxx X Xxxxxxxxx Hawkeye Stratigraphic Inc 5/25/99 TX Matagorda Xxxxxxx & Sojourner League A -13 contaning 56 acres Xxxxxxx Xxxxxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/9 Matagorda County TX Xxxxxxxxx X Xxxxxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/17 Matagorda County TX Xxxxx X Xxxxxxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/13 Matagorda County TX Xxxxx Xxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/15 Matagorda County TX Xxxxxx Xxxxxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/7 Matagorda County TX Evea Xxxxx Xxxxxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/11 Matagorda County TX Xxxxx XxXxxxx Xxxxxxx Hawkeye Stratigraphic Inc 4/1/97 TX Matagorda as described in Vol/Page 474/25 Matagorda County TX Xxxxx Xxxxxx Xxxxxxxx Hawkeye Stratigraphic Inc 1/17/97 TX Matagorda as described in Vol/Page 474/28 Matagorda County TX Xxxx Xxxx Xxxxxxxx Hawkeye Stratigraphic Inc 1/17/97 TX Matagorda as described in Vol/Page 474/22 Matagorda County TX Xxxxx Xxxxxx Xxxxx Hawkeye Stratigraphic Inc 1/17/97 TX Matagorda as described in Vol/Page 474/31 Matagorda County TX Xxxx Xxxxx Xxxxxxxx Jr Hawkeye Stratigraphic Inc 1/17/97 TX Matagorda as described in Vol/Page 474/19 Matagorda County TX Xxxxx Xxxx Xxxx, Trustee et al Hawkeye Stratigraphic Inc 5/25/99 TX Matagorda 5.7 acres as described in a declaration of pool unit recorded at Vol 648 Pg 919 Matagorda County TX XX Xxxxxxxxx et ux Hawkeye Stratigraphic Inc 5/25/99 TX Matagorda 5.7 acres as described in a declaration of pool unit recorded at Vol 648 Pg 919 Matagorda County TX Xxxxx X Xxxxxxxxx Hawkeye Stratigraphic Inc 5/25/99 TX Matagorda 5.7 acres as described in a declaratio...
After Payout refer to the Mortgagor's Working Interest and the Mortgagor's Net Revenue Interest "before payout" and "after payout" as defined in the applicable joint operating agreement or other instrument affecting the well or unit as denoted in the Exhibit. Mortgagor's interest may decrease or increase as a result of a reversionary interest, an operation wherein Mortgagor has paid costs attributable to the interest of a non-consenting party or a con senting party has paid costs attributable to the interest of Mortgagor as a non-consenting party, and the consenting party is entitled to recover a percentage of its cost, or other circumstance which triggers an increase or decrease in such interest. Mortgagor makes no undertaking concerning the terms and conditions of the reversion or the status of payout, the costs that may be recovered, whether or when such recovery has occurred or will occur, or, in the case of an election, what election will be made. If more than one reversionary interest, non-consent operation or other circumstance affects a well or unit, "After Payout" refers to the occurrence of the reversion of the last of the reversionary interest, recoupment or such other circumstance. EXHIBIT A COVERING LANDS IN LAFOURCHE PARISH, STATE OF LOUISIANA