Severed Substances Sample Clauses
The "Severed Substances" clause defines how substances that have been physically separated or extracted from a property—such as minerals, oil, or gas—are treated under the agreement. Typically, this clause clarifies ownership rights, specifying whether the extracted substances remain the property of the landowner or transfer to another party, such as a lessee or purchaser. By establishing clear rules for the disposition and ownership of these severed materials, the clause helps prevent disputes and ensures all parties understand their rights regarding valuable resources removed from the land.
Severed Substances. A net three percent (3%) of the, right, title and working interest in 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").
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”).
Severed Substances. All severed coalbed methane gas produced ------------------- from the Gas Properties and sold on or after the Effective Date (the "Substances").
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 (c) sold on or after the Effective Date (the "Substances").
Severed Substances. All severed 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 Interests and either (a) in storage tanks on the Closing Date, (b) in pipelines on the Closing Date or (c) sold on or after the Closing Date (the "Substances").
Severed Substances. Seller's interest, if any, in any severed crude oil, natural gas, condensate or other hydrocarbons produced from the Oil and Gas Properties.