Common use of PARTICIPATION AFTER DISCOVERY Clause in Contracts

PARTICIPATION AFTER DISCOVERY. Upon completion ofa well capable ofproducing unitized substances in paying quantities the owners of working interests shall participate in the production therefrom and in all other producing xxxxx which may be drilled pursuant hereto in the proportions that their respective leasehold interests covered hereby on an acreage basis bears to the total number ofacres committed to this unit agreement, and such unitized substances shall be deemed to have been produced from the respective leasehold interests participating therein. For the purpose ofdetermining any benefits accruing under this agreement and the distribution of the royalties payable to the State ofNew Mexico and other lessors, each separate lease shall have allocated to it such percentage of said production as the number ofacres in each lease respectively committed to this agreement bears to the total number of acres committed hereto. Notwithstanding any provisions^contained herein to the contrary, each working interest owner shall have the right to take such owner's proportionate share ofthe unitized substances in kind or to personally sell or dispose ofthe same, and nothing herein contained shall be construed as giving or granting to the unit operator the right to sell or otherwise dispose of the proportionate share ofany working interest owner without specific authorization from time to time so to do:

PARTICIPATION AFTER DISCOVERY. Upon completion ofa of a well capable ofproducing of producing unitized substances in paying quantities the owners of working interests shall participate in the production therefrom and in all other producing xxxxx which may be drilled pursuant hereto in the proportions that their respective leasehold interests covered hereby on an acreage basis bears to the total number ofacres of acres committed to this unit agreement, and such unitized substances shall be deemed to have been produced from the respective leasehold interests participating therein. For the purpose ofdetermining of determining any benefits accruing under this agreement and the distribution of the royalties payable to the State ofNew of New Mexico and other lessors, each separate lease shall have allocated to it such percentage of said production as the number ofacres of acres in each lease respectively committed to this agreement bears to the total number of acres committed hereto. Notwithstanding any provisions^contained provisions contained herein to the contrary, each working interest owner shall have the right to take such owner's proportionate share ofthe of the unitized substances in kind or to personally sell or dispose ofthe of the same, and nothing herein contained shall be construed as giving or granting to the unit operator the right to sell or otherwise dispose of the proportionate share ofany of any working interest owner without specific authorization from time to time so to do:.

PARTICIPATION AFTER DISCOVERY. Upon completion ofa well capable ofproducing unitized substances in paying quantities the owners of working interests shall participate in the production therefrom and in all other producing xxxxx which may be drilled pursuant hereto in the proportions that their respective leasehold interests covered hereby on an acreage basis bears to the total number ofacres committed to this unit agreement, and such unitized substances shall be deemed to have been produced from the respective leasehold interests participating therein. For the purpose ofdetermining of determining any benefits accruing under this agreement and the distribution of the ofthe royalties payable to the State ofNew Mexico and other lessors, each separate lease shall have allocated to it such percentage of said production as the number ofacres in each lease respectively committed to this agreement bears to the total number of acres committed hereto. Notwithstanding any provisions^contained provisions contained herein to the contrary, each working interest owner shall have the right to take such owner's proportionate share ofthe unitized substances in kind or to personally sell or dispose ofthe same, and nothing herein contained shall be construed as giving or granting to the unit operator the die right to sell or otherwise dispose of the ofthe proportionate share ofany of any working interest owner without specific authorization from time to time so to do:.

PARTICIPATION AFTER DISCOVERY. Upon completion ofa well capable ofproducing unitized substances in paying quantities the owners of working interests shall participate in the production therefrom and in all other producing xxxxx which may be drilled pursuant hereto in the proportions that their respective leasehold interests covered hereby on an acreage basis bears to the total number ofacres of acres committed to this unit agreement, and such unitized substances shall be deemed to have been produced from the respective leasehold interests participating therein. For the purpose ofdetermining any benefits accruing under this agreement and the distribution of the ofthe royalties payable to the State ofNew of New Mexico and other lessors, each separate lease shall have allocated to it such percentage of said production as the number ofacres in each lease respectively committed to this agreement bears to the total number of acres ofacres committed hereto. Notwithstanding any provisions^contained provisions contained herein to the contrary, each working interest owner shall have the right to take such owner's proportionate share ofthe of the unitized substances in kind or to personally sell or dispose ofthe of the same, and nothing herein contained shall be construed as giving or granting to the unit operator the right to sell or otherwise dispose of the proportionate share ofany of any working interest owner without specific authorization from time to time so to do:.

PARTICIPATION AFTER DISCOVERY. Upon completion ofa well capable ofproducing unitized substances in paying quantities the (he owners of working ofworking interests shall participate in the production therefrom and in all other producing otherproducing xxxxx which may be drilled pursuant : hereto in the proportions that their iheir respective leasehold interests covered hereby on an acreage basis bears to the total number ofacres ofseres committed to - this unit agreement, and such unitized substances shall be deemed to have been produced from the respective leasehold interests participating thereinInterests participatingtherein. For the purpose ofdetermining any benefits accruing under this agreement and the distribution of the ofthe royalties payable to the State ofNew of New Mexico and other lessors, each separate lease shall have allocated to it such percentage of said percentage’ofsaid production as the number ofacres in each lease respectively committed to this agreement bears to the total number of acres ofacres committed hereto. Notwithstanding any provisions^contained provisions contained herein to the contrary, each working interest owner shall have the right to take such owner's proportionate share ofthe of the unitized substances in kind or to personally sell or dispose ofthe of the same, and nothing herein contained shall be - construed as giving or granting to the unit operator the right to sell or otherwise dispose of the ofthe proportionate share ofany of any working interest owner : without specific authorization from time to time tlmo so to do:..