Common use of Interest of the Parties Clause in Contracts

Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area (including all xxxxx, platforms, pipelines, facilities and equipment associated directly with the specified operations herein) and all oil and gas produced from xxxxx drilled pursuant to the terms hereof, shall be borne and owned, subject to the terms and conditions set out herein, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests (“Working Interests”): Party Working Interests Newfield 66.6666% Ridgewood 33.3333%* *Subject to an obligation to pay a disproportionate share of Test Well costs, as further described in Article 3.

Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area (including all xxxxx, platforms, pipelines, facilities and equipment associated directly with the specified operations herein) and all oil and gas produced from xxxxx drilled pursuant to the terms hereof, shall be borne and owned, subject to the terms and conditions set out herein, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests (“Working Interests”): Party Working Interests Newfield 66.666660.00000% Ridgewood 33.333340.00000%* ** Subject to an obligation to pay a disproportionate share of Test Well costs, as further described in Article 3.

Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area (including all xxxxx, platforms, pipelines, facilities and equipment associated directly with the specified operations herein) and all oil and gas produced from xxxxx drilled pursuant to the terms hereof, shall be borne and owned, subject to the terms and conditions set out herein, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests (“Working Interests”): Party Working Interests Newfield 66.666675.00000% Ridgewood 33.333325.00000%* ** Subject to an obligation to pay a disproportionate share of Test Well costs, as further described in Article 34.