Farmout. Operating Partnership shall have the power and right to enter into farmout agreements with respect to (i) the Overriding Royalty Depth and the Overriding Royalty Surface Acreage, free from any Net Profits Interest but subject to Pension Partnership's Overriding Royalty Interests, and (ii) the Net Profits Depth and the Net Profits Surface Acreage, free from the Overriding Royalty Interest but subject to any Net Profits Interest.
Appears in 2 contracts
Sources: Net Profits Agreement (Swift Energy Operating Partners 1995-B LTD), Net Profits Agreement (Swift Energy Pension Partners 1995 B LTD)