Extractable Minerals definition

Extractable Minerals means any minerals in solution in the well effluents and all minerals and gases produced from or by means of the well or any well or ▇▇▇▇▇ developed in exercise of the leased rights or by means of condensing steam or processing water produced from the effluents from any such well or ▇▇▇▇▇. Said terms shall also include any water so produced or obtained from condensation or steam; provided, however, that the term “gases” shall not include hydrocarbon gases that can be produced separately from the well effluents;
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Extractable Minerals means any minerals in solution in the well effluence and all minerals and gases produced from or by means of any well or ▇▇▇▇▇ on the leased land or by means of condensing steam or processing water produced from or the effluence from any such well or ▇▇▇▇▇; said term shall also include any water so produced or obtained from condensation of steam; and further provided that the term "gases" shall not include hydrocarbon gases that can be produced separately from the hot water, steam and associated minerals;
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Extractable Minerals means any mineral or minerals (exclusive of oil and hydrocarbon gases) which are produced in solution with Geothermal Resources from any well drilled by Lessee on the Leased Land. Seven (Please Initial)
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Examples of Extractable Minerals in a sentence

  • It is agreed that "value" shall be deemed to be the gross proceeds from the sale of the Geothermal Resources or Extractable Minerals, or, if not sold, their fair market value at the well head if they are used by the Lessee for commercial purposes other than in the producing or processing of other Geothermal Resources or Extractable Minerals.

  • If the Lessee elects to process any Extractable Minerals prior to sale, then the Lessor's royalty shall bear its proportionate share of the cost of such processing.

  • As a further condition of this lease, Lessee must develop the Pooled Lands with due diligence, taking into consideration good geothermal exploration and development practices, and in connection therewith Lessee shall furnish to Lessor's designated consultant, as reasonably requested by Lessor, evidence of Lessee's diligence and basis of determination of the capability of production of Sufficient Power Potential and/or Extractable Minerals in Commercial quantities.

  • Royalties payable to Lessor shall be calculated by multiplying the applicable royalty rate for the Generation of Electrical Power, Nonelectric Uses and Extractable Minerals and Gases provided for in paragraphs,6A, B and C, respectively of this lease, by the corresponding portion of the gross proceeds received for each such use and which has been allocated to the Leased Land as hereinabove provided.

  • Commencing with the initial production or sale of any Extractable Minerals, Lessee shall so notify Lessor and Lessor shall have a period of thirty (30) days from receipt of notice within which to notify Lessee in writing as to whether Lessor elects to have royalties on Extractable Minerals computed and paid in accordance with any of the applicable provisions of this paragraph.

  • Lessee shall pay to the Lessor on or before the last day of the calendar month after the month of commencement of production in commercial quantities of Geothermal Resources or Extractable Minerals or both and thereafter on a monthly basis: (a) A royalty of ***% of the value of the Geothermal Resources produced from the Leased Land or allocated thereto; and (b) A royalty of ***% of the value of the Extractable Minerals produced from the Leased Land or allocated thereto.

  • As royalty for the sale or use of Extractable Minerals, Lessee shall pay to Lessor as royalty *** percent (***%) of the gross proceeds received by Lessee from the sale of Extractable Minerals produced and sold from any well or ▇▇▇▇▇ on the Pooled Lands, to be calculated and paid free of all costs and charges at the point of delivery.

  • Lessee shall pay to the Lessor on or before the last day of the calendar month after the month of commencement of production in commercial quantities of Geothermal Resources or Extractable Minerals or both and thereafter on a monthly basis: (a) A royalty of ***% of the value of the *** produced from the Leased Land or allocated thereto; and (b) A royalty of ***% of the value of the *** produced from the Leased Land or allocated thereto.

  • Lessee shall not be required to account to Lessor for or pay any royalty on Extractable Minerals produced by Lessee on the Pooled Lands which are used or consumed by Lessee in connection with its production of Extractable Minerals, and with respect to any water if it is used for cooling or generation of electricity or is reinjected into the subsurface.

  • At Lessor's option, as an alternative method of calculating royalties payable to Lessor for "geothermal by-products" (as defined in the Geothermal Regulations) and in lieu of any other provision herein requiring the payment of royalties for Extractable Minerals, Lessee shall pay an amount equal to the royalties paid to the State of Hawaii for geothermal by-products.

Related to Extractable Minerals

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Other Minerals means sulphur, lignite, coal, uranium, thorium, iron, geothermal steam, water, carbon dioxide, helium and all other minerals, ores or substances of value whether or not generally produced from a wellbore in conjunction with the production of oil and gas.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • concentrates means flavoring ingredients and, depending on the product, sweeteners used to prepare syrups or finished beverages and includes powders for purified water products such as Dasani;

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;