{"component": "definition", "props": {"groups": [{"snippet": "means, as computed separately with respect to each Lease, (i) Seller\u2019s Working Interest in the Lease multiplied by (ii) the number of gross acres covered by the Lease multiplied by (iii) the undivided interest in the oil and gas mineral fee estate in the land covered by the Lease.", "size": 29, "samples": [{"hash": "6IAGOdc41lC", "uri": "/contracts/6IAGOdc41lC#net-acres", "label": "Purchase and Sale Agreement (Forestar Group Inc.)", "score": 27.2751541138, "published": true}, {"hash": "7VVOcAZGyao", "uri": "/contracts/7VVOcAZGyao#net-acres", "label": "Purchase and Sale Agreement", "score": 25.4591712952, "published": true}, {"hash": "59boyQyM3KJ", "uri": "/contracts/59boyQyM3KJ#net-acres", "label": "Purchase and Sale Agreement (Emerald Oil, Inc.)", "score": 25.024641037, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [30, 45]}, {"key": "working-interest-in-the-lease", "type": "definition", "offset": [71, 100]}, {"key": "number-of", "type": "definition", "offset": [124, 133]}, {"key": "gross-acres", "type": "definition", "offset": [134, 145]}, {"key": "covered-by", "type": "definition", "offset": [146, 156]}, {"key": "undivided-interest", "type": "clause", "offset": [191, 209]}, {"key": "oil-and-gas", "type": "clause", "offset": [217, 228]}, {"key": "fee-estate", "type": "definition", "offset": [237, 247]}, {"key": "the-land", "type": "clause", "offset": [251, 259]}], "hash": "c29a8c6da452b565361708030be83dc5", "id": 1}, {"snippet": "means the total number of acres owned by the applicable Shipper and its affiliates in the Development Area equal to the aggregate number (calculated on a tract by tract basis) of, as to any parcel, tract or aggregate thereof, the product of (a) the number of surface acres of land that are described in such parcel, tract or aggregate thereof (i.e. gross acres), multiplied by (b) the undivided interest in the fee minerals, non-executives interests and other mineral fee interests in such lands burdened by the applicable oil and gas lease(s), multiplied by (c) such Shipper\u2019s and its affiliates\u2019 aggregate working interest in such lease(s).", "size": 21, "samples": [{"hash": "7iS4T5DJIkP", "uri": "https://www.rrc.texas.gov/media/kugn0yot/1-1-0.pdf", "label": "www.rrc.texas.gov", "score": 20.3637180328, "published": false}, {"hash": "d5IG82XesOK", "uri": "https://www.rrc.state.tx.us/media/anlhc1pr/24-7-0.pdf", "label": "www.rrc.state.tx.us", "score": 19.9233646393, "published": false}, {"hash": "d7LHTUCtb5P", "uri": "https://www.rrc.texas.gov/media/uohhtloe/1-0-0.pdf", "label": "www.rrc.texas.gov", "score": 19.9071292877, "published": false}], "snippet_links": [{"key": "total-number-of", "type": "definition", "offset": [10, 25]}, {"key": "owned-by", "type": "definition", "offset": [32, 40]}, {"key": "the-applicable", "type": "clause", "offset": [41, 55]}, {"key": "development-area", "type": "definition", "offset": [90, 106]}, {"key": "equal-to", "type": "definition", "offset": [107, 115]}, {"key": "aggregate-number", "type": "definition", "offset": [120, 136]}, {"key": "the-product", "type": "clause", "offset": [226, 237]}, {"key": "acres-of-land", "type": "clause", "offset": [267, 280]}, {"key": "gross-acres", "type": "definition", "offset": [349, 360]}, {"key": "undivided-interest", "type": "clause", "offset": [385, 403]}, {"key": "fee-minerals", "type": "definition", "offset": [411, 423]}, {"key": "other-mineral", "type": "definition", "offset": [454, 467]}, {"key": "fee-interests", "type": "clause", "offset": [468, 481]}, {"key": "oil-and-gas", "type": "clause", "offset": [523, 534]}, {"key": "working-interest", "type": "clause", "offset": [608, 624]}], "hash": "3f0a48e20dd97cf967869d2be6a956bb", "id": 2}, {"snippet": "means the total amount of land which can be used for development.", "size": 7, "samples": [{"hash": "lcDld01UMdA", "uri": "https://www.ci.scappoose.or.us/sites/default/files/fileattachments/city_council/meeting/6411/august_28_2017_hna_work_session.pdf", "label": "www.ci.scappoose.or.us", "score": 8.813826561, "published": false}, {"hash": "ejkSx3wx0sA", "uri": "https://www.scappoose.gov/sites/default/files/fileattachments/municipalcode/271/17.26_definitions.pdf", "label": "www.scappoose.gov", "score": 6.577644825, "published": false}, {"hash": "hcnUPjtGAHK", "uri": "https://www.ci.aurora.or.us/sites/default/files/fileattachments/recorder/page/752/16_or-aurora-t16a.pdf", "label": "www.ci.aurora.or.us", "score": 6.4852838516, "published": false}], "snippet_links": [{"key": "total-amount", "type": "clause", "offset": [10, 22]}, {"key": "for-development", "type": "clause", "offset": [49, 64]}], "hash": "45ac9e042ff21056664a6ea45ed2d7c6", "id": 3}, {"snippet": "means the percentage of total acres an owner owns or has leased out of a particular number of acres, or a specified tract. An owner who has 50% interest in 100 acres owns 50 net acres;", "size": 7, "samples": [{"hash": "Wx1Ct3tLgI", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0002029118/86bf1f09-fd3c-457b-9094-951cd8c34057.pdf", "label": "Amendment", "score": 24.0678939819, "published": false}, {"hash": "cAhjNbfq14z", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0002029118/7fefe759-d8ae-4720-86eb-9f4c2a67d7d7.pdf", "label": "d18rn0p25nwr6d.cloudfront.net", "score": 20.0678939819, "published": false}, {"hash": "5EvKiDKvAYv", "uri": "https://www.stifel.com/prospectusfiles/PD_4426.pdf", "label": "www.stifel.com", "score": 10.6098566055, "published": false}], "snippet_links": [{"key": "the-percentage", "type": "definition", "offset": [6, 20]}, {"key": "an-owner", "type": "clause", "offset": [36, 44]}, {"key": "number-of", "type": "definition", "offset": [84, 93]}], "hash": "69c88db479349c241f186d9c8e967467", "id": 4}, {"snippet": "means the percentage of total acres an owner owns out of a specific number of acres or specified area.", "size": 6, "samples": [{"hash": "5dpahSmCuXp", "uri": "https://www.atha.com/uploads/Athabasca_-_2024_Annual_Information_Form_March_5_FINAL.pdf", "label": "www.atha.com", "score": 18.020526886, "published": false}, {"hash": "9FKaCTIfWjj", "uri": "https://www.atha.com/uploads/AOC_2023_AIF.pdf", "label": "www.atha.com", "score": 10.0800819397, "published": false}, {"hash": "75zZxvLy7r4", "uri": "https://www.atha.com/uploads/AOC_2021_AIF_03-02-2022.pdf", "label": "www.atha.com", "score": 9.0821352005, "published": false}], "snippet_links": [{"key": "the-percentage", "type": "definition", "offset": [6, 20]}, {"key": "an-owner", "type": "clause", "offset": [36, 44]}, {"key": "number-of", "type": "definition", "offset": [68, 77]}], "hash": "9fc5e41f8567e6c8e10a99599d2b50b1", "id": 5}, {"snippet": "means (a) with respect to any oil and gas lease in which Producer (or an Affiliate of Producer) has an interest, (i) the number of gross acres in the lands covered by such oil and gas lease, multiplied by (ii) the undivided percentage interest in oil, gas and other minerals covered by such oil and gas lease, multiplied by (iii) Producer\u2019s (or its Affiliate\u2019s) working interest in such oil and gas lease, and (b) with respect to any mineral fee interest of Producer (or an Affiliate of Producer), (i) the number of gross acres in the lands covered by such mineral fee interest, multiplied by (ii) the undivided percentage interest of Producer (or its Affiliate) in oil, gas and other minerals in such lands.", "size": 6, "samples": [{"hash": "lPpmuI9HC3E", "uri": "/contracts/lPpmuI9HC3E#net-acres", "label": "Crude Oil Gathering Agreement (Noble Midstream Partners LP)", "score": 31.1136207581, "published": true}, {"hash": "4uImrqXDo0i", "uri": "/contracts/4uImrqXDo0i#net-acres", "label": "Low Pressure Gas Gathering and Compression Agreement (Noble Midstream Partners LP)", "score": 31.1136207581, "published": true}, {"hash": "3J9OqBHMKvj", "uri": "/contracts/3J9OqBHMKvj#net-acres", "label": "Gas Gathering Agreement (Noble Midstream Partners LP)", "score": 31.1136207581, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "oil-and-gas-lease", "type": "clause", "offset": [30, 47]}, {"key": "affiliate-of", "type": "definition", "offset": [73, 85]}, {"key": "has-an-interest", "type": "definition", "offset": [96, 111]}, {"key": "number-of", "type": "definition", "offset": [121, 130]}, {"key": "gross-acres", "type": "definition", "offset": [131, 142]}, {"key": "the-lands", "type": "clause", "offset": [146, 155]}, {"key": "covered-by", "type": "definition", "offset": [156, 166]}, {"key": "percentage-interest", "type": "definition", "offset": [224, 243]}, {"key": "other-minerals", "type": "definition", "offset": [260, 274]}, {"key": "working-interest", "type": "clause", "offset": [362, 378]}, {"key": "fee-interest", "type": "definition", "offset": [442, 454]}], "hash": "3027c5cdecff4324020c2e698380835c", "id": 6}, {"snippet": "means, as computed separately with respect to each leasehold, (a) the number of gross acres in the lands covered by such leasehold, multiplied by (b) the undivided percentage interest in oil, gas and other minerals covered by such leasehold in such lands, multiplied by (c) Producer\u2019s working interest or undivided interest in such leasehold.\u201d", "size": 5, "samples": [{"hash": "kmkv8P96n2o", "uri": "/contracts/kmkv8P96n2o#net-acres", "label": "Crude Oil Gathering Agreement (Rattler Midstream Lp)", "score": 31.3490753174, "published": true}, {"hash": "alHpKVSkEYB", "uri": "/contracts/alHpKVSkEYB#net-acres", "label": "Gas Gathering and Compression Agreement (Rattler Midstream Lp)", "score": 31.3490753174, "published": true}, {"hash": "Ltiw5xJFr3", "uri": "/contracts/Ltiw5xJFr3#net-acres", "label": "Produced and Flowback Water Gathering and Disposal Agreement (Rattler Midstream Lp)", "score": 31.3490753174, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [30, 45]}, {"key": "number-of", "type": "definition", "offset": [70, 79]}, {"key": "gross-acres", "type": "definition", "offset": [80, 91]}, {"key": "the-lands", "type": "clause", "offset": [95, 104]}, {"key": "covered-by", "type": "definition", "offset": [105, 115]}, {"key": "percentage-interest", "type": "definition", "offset": [164, 183]}, {"key": "other-minerals", "type": "definition", "offset": [200, 214]}, {"key": "working-interest", "type": "clause", "offset": [285, 301]}, {"key": "undivided-interest", "type": "clause", "offset": [305, 323]}], "hash": "5544a34ced8607a1e32ef8568dae4d21", "id": 7}, {"snippet": "means (a) with respect to any oil and gas lease in which Shipper has an interest, (i) the number of gross acres in the lands covered by such oil and gas lease, multiplied by (ii) the undivided percentage interest in oil, gas and other minerals covered by such oil and gas lease, multiplied by (iii) Shipper\u2019s working interest in such oil and gas lease, and (b) with respect to any mineral fee interest of Shipper, (i) the number of gross acres in the lands covered by such mineral fee interest, multiplied by (ii) the undivided percentage interest of Shipper in oil, gas and other minerals in such lands.", "size": 4, "samples": [{"hash": "icki1g3tBs3", "uri": "/contracts/icki1g3tBs3#net-acres", "label": "Gathering Agreement (CONE Midstream Partners LP)", "score": 25.7529087067, "published": true}, {"hash": "fEvgwtRHrFf", "uri": "/contracts/fEvgwtRHrFf#net-acres", "label": "Gathering Agreement (CONE Midstream Partners LP)", "score": 25.7529087067, "published": true}, {"hash": "lLABj2ZrPir", "uri": "/contracts/lLABj2ZrPir#net-acres", "label": "Gathering Agreement (CONE Midstream Partners LP)", "score": 25.6707725525, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "oil-and-gas-lease", "type": "clause", "offset": [30, 47]}, {"key": "has-an-interest", "type": "definition", "offset": [65, 80]}, {"key": "number-of", "type": "definition", "offset": [90, 99]}, {"key": "gross-acres", "type": "definition", "offset": [100, 111]}, {"key": "the-lands", "type": "clause", "offset": [115, 124]}, {"key": "covered-by", "type": "definition", "offset": [125, 135]}, {"key": "percentage-interest", "type": "definition", "offset": [193, 212]}, {"key": "other-minerals", "type": "definition", "offset": [229, 243]}, {"key": "working-interest", "type": "clause", "offset": [309, 325]}, {"key": "fee-interest", "type": "definition", "offset": [389, 401]}], "hash": "e32d1d92f4696d2d18a49abb750bef9a", "id": 8}, {"snippet": "means (a) with respect to any oil and gas lease in which Producer has an interest, (i) the number of gross acres in the lands covered by such oil and gas lease, multiplied by (ii) the undivided percentage interest in oil, gas and other minerals covered by such oil and gas lease, multiplied by (iii) Producer\u2019s working interest in such oil and gas lease, and (b) with respect to any mineral fee interest of Producer, (i) the number of gross acres in the lands covered by such mineral fee interest, multiplied by (ii) the undivided percentage interest of Producer in oil, gas and other minerals in such lands.", "size": 4, "samples": [{"hash": "mGTJh66mgQ", "uri": "/contracts/mGTJh66mgQ#net-acres", "label": "Crude Oil Gathering Agreement (Noble Midstream Partners LP)", "score": 27.680355072, "published": true}, {"hash": "dJTy0KO10Ll", "uri": "/contracts/dJTy0KO10Ll#net-acres", "label": "Texas Produced Water Services Agreement (Noble Midstream Partners LP)", "score": 27.680355072, "published": true}, {"hash": "g8ZHvQx5JUT", "uri": "/contracts/g8ZHvQx5JUT#net-acres", "label": "Texas Crude Oil Gathering Agreement (Noble Midstream Partners LP)", "score": 27.5544147491, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "oil-and-gas-lease", "type": "clause", "offset": [30, 47]}, {"key": "has-an-interest", "type": "definition", "offset": [66, 81]}, {"key": "number-of", "type": "definition", "offset": [91, 100]}, {"key": "gross-acres", "type": "definition", "offset": [101, 112]}, {"key": "the-lands", "type": "clause", "offset": [116, 125]}, {"key": "covered-by", "type": "definition", "offset": [126, 136]}, {"key": "percentage-interest", "type": "definition", "offset": [194, 213]}, {"key": "other-minerals", "type": "definition", "offset": [230, 244]}, {"key": "working-interest", "type": "clause", "offset": [311, 327]}, {"key": "fee-interest", "type": "definition", "offset": [391, 403]}], "hash": "ed520eaa3a426f070c4f584f736b24cc", "id": 9}, {"snippet": "means, as calculated separately with respect to each Real Property Interest, (a) the number of gross acres in the lands covered by such leasehold interest, multiplied by (b) the lessor\u2019s interest in Hydrocarbons covered by such leasehold interest and attributable to the Target Formations, multiplied by (c) the applicable Seller\u2019s undivided Working Interest in such lease, provided that if items (b) and/or (c) vary as to different areas of such lands covered by such leasehold interest, a separate calculation shall be done for each such area as if it were a separate leasehold interest.", "size": 4, "samples": [{"hash": "lBsUbFY8rZf", "uri": "/contracts/lBsUbFY8rZf#net-acres", "label": "Purchase and Sale Agreement", "score": 31.3390369415, "published": true}, {"hash": "ixtaIEadob7", "uri": "/contracts/ixtaIEadob7#net-acres", "label": "Purchase and Sale Agreement (Gastar Exploration USA, Inc.)", "score": 24.3319644928, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [32, 47]}, {"key": "real-property-interest", "type": "clause", "offset": [53, 75]}, {"key": "number-of", "type": "definition", "offset": [85, 94]}, {"key": "gross-acres", "type": "definition", "offset": [95, 106]}, {"key": "the-lands", "type": "clause", "offset": [110, 119]}, {"key": "covered-by", "type": "definition", "offset": [120, 130]}, {"key": "leasehold-interest", "type": "definition", "offset": [136, 154]}, {"key": "the-lessor", "type": "definition", "offset": [174, 184]}, {"key": "target-formations", "type": "definition", "offset": [271, 288]}, {"key": "applicable-seller", "type": "definition", "offset": [312, 329]}, {"key": "working-interest", "type": "clause", "offset": [342, 358]}, {"key": "provided-that", "type": "definition", "offset": [374, 387]}, {"key": "a-separate", "type": "definition", "offset": [489, 499]}], "hash": "739f31c26d79236743f551ab51dcbf69", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiISbmV0LWFjcmVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "means, as computed separately with respect to each Lease, (i) Seller\u2019s Working Interest in the Lease multiplied by (ii) the number of gross acres covered by the Lease multiplied by (iii) the undivided interest in the oil and gas mineral fee estate in the land covered by the Lease.", "size": 161, "title": "Net Acres", "id": "net-acres", "examples": ["Original Producer shall be responsible for tracking the total acreage sold under this Section 16.2(b)(ii) and the number of <strong>Net Acres</strong> Transferred beginning on the Effective Date and continuing through the end of the Term and shall, upon request of Midstream Co, provide evidence supporting Original Producer\u2019s calculation thereof.", "With respect to each Gathering System, the number of <strong>Net Acres</strong> owned by the Seller and its Affiliates (not including any member of the Company Group) with respect to such Gathering System as of the date on which the Seller and its Affiliates delivered to the applicable Reserve Engineer the information described in Section 2.27 with respect to the upstream oil and gas assets serviced by such Gathering System is not less than the Closing System Dedicated <strong>Net Acres</strong> applicable to such Gathering System.", "The actions taken pursuant to this Section 11.4 shall be taken so that the <strong>Net Acres</strong> and the Net Revenue Interest of, and Buyer\u2019s undivided interest in (or, in the case of Section 11.4(a)(ii)(B), Buyer\u2019s increase in undivided interest in) the Substitute Acreage shall be equivalent on an aggregate basis with the <strong>Net Acres</strong> and the Net Revenue Interest of, and Buyer\u2019s Working Interest in, the acreage subject to Title Defects for which the substitution remedy under Section 11.2(d)(ii) is exercised.", "Unit # Gross Acres <strong>Net Acres</strong> Total Deletions Existing Roads Leave Tree Acres Power Line Other 2 94.16 94.16 0.00 3 68.35 64.35 4.00 4.00 4 68.12 68.12 0.00 5 83.20 81.70 1.50 1.50 ROW6 2.90 2.90 0.00 Total 415.68 406.98 8.70 7.20 1.50 0.00 0.00 This timber sale was cruised using the variable plot sampling method.", "The purchase price for the Assets shall be $479,500 (the \u201cPurchase Price\u201d), which represents a purchase price of $1,750 per Net Acre (the \u201cPer Acre Price\u201d), multiplied by the approximately 548 aggregate <strong>Net Acres</strong> covered by the Leases, multiplied by the 50% of Sellers\u2019 right, title and interest being acquired by Buyer.", "Formcap or its nominee and/or its affiliates desires to acquire from \u2587\u2587\u2587\u2587\u2587\u2587, a FIFTY (50%) PERCENT WORKING Interest (40.75% Net Revenue Interest) in approximately 13,000 <strong>Net Acres</strong> of oil and gas leases (herein called the &quot;LEASES&quot;) in the lands located in \u2587\u2587\u2587\u2587\u2587 County, in the State of New Mexico, (hereinafter referred to as the &quot;ACQUIRED PROPERTIES&quot;), a legal description is attached as Appendix &quot;A&quot; to this agreement..", "The term \u201cTitle Defect\u201d means, with respect to an Asset, any lien, charge, encumbrance, obligation, encroachment, irregularity, defect in (including a discrepancy in Net Revenue Interest, Working Interest, <strong>Net Acres</strong> or Net Revenue Acres) or objection to real property title of Seller, that alone or in combination with other defects renders title to such Asset less than Defensible Title.", "Seller shall have the right to elect (at or prior to Closing) to exclude and retain any Lease affected by Title Defects, in which event such Lease shall be excluded from the Assets to be assigned to Buyer at the Closing and the Purchase Price shall be reduced by an amount equal to the Per Acre Price multiplied by the number of <strong>Net Acres</strong> for such excluded Lease.", "The Purchase price for the Assets shall be $959,000 (the \u201cPurchase Price\u201d), which represents a purchase price of $1,750 per Net Acre (the \u201cPer Net Acre Price\u201d), multiplied by the approximately 1096 aggregate <strong>Net Acres</strong> covered by the Leases, multiplied by the 50% of Sellers right, title and interest being acquired by Buyer.", "The purchase price for the Assets shall be $609,200 (the &quot;Purchase Price&quot;), which represents a purchase price of $230.71 per Net Acre (the &quot;Per Acre Price&quot;) for the 2,640.6 aggregate <strong>Net Acres</strong> covered by the Leases as set forth in Exhibit A."], "related": [["net-revenue-interest", "Net Revenue Interest", "Net Revenue Interest"], ["footage", "Footage", "Footage"], ["undeveloped-land", "Undeveloped Land", "Undeveloped Land"], ["acre", "Acre", "Acre"], ["allocated-value", "Allocated Value", "Allocated Value"]], "related_snippets": [], "updated": "2025-09-14T06:04:10+00:00"}, "json": true, "cursor": ""}}