Petroleum and Natural Gas Rights definition

Petroleum and Natural Gas Rights means, in respect of a person, all of its right, title, estate and interest, whether contingent or absolute, legal or beneficial, present or future, vested or not, and whether or not an "interest in land", at such time in and to any, or such as are stipulated, of the following, by whatever name the same are known:

Petroleum and Natural Gas Rights means Quattro's entire right, title and interest in and to all rights to and in respect of the Leased Substances and the Title Documents (but only to the extent that the Title Documents pertain to the Lands), including the interests set out and described in Schedule "A";

Petroleum and Natural Gas Rights means the entire interest of the Vendor as specified in Schedule "A" in and to the Lands and, insofar as they pertain to the Lands, the Leases.

Examples of Petroleum and Natural Gas Rights in a sentence

• The adjustments shall constitute an increase or decrease, as the case may be, to the Purchase Price and to the amount allocated to the Petroleum and Natural Gas Rights.

• Per; Name: Marc KellyTitle: Senior Vice PresidentSchedule “B” Purchased AssetsThe Purchased Assets consist of the Assets (as defined in the Sale Agreement, and each subsequent capitalized term herein having the respective meaning as defined therein), including, without limitation, the Petroleum and Natural Gas Rights, the Tangibles, and the Miscellaneous Interests, described in the attachments to this Schedule “B”, but specifically excluding the Excluded Assets.

• Government of British Columbia, Ministry of Energy and Mines, Titles-05-02: “ Managing Co-existing Coal and Petroleum and Natural Gas Rights (Replaces E92-11)” (8 April 2005), online: MEMPR <http://www.em.gov.bc.ca/subwebs/Landsale/InfoLetters/petitles/Titles-05-02.htm> [Titles-05-02].

• Notwithstanding anything in this Agreement, the Grantor shall have full right, power and authority to pool or unitize any of the Petroleum and Natural Gas Rights comprised in the Properties with any other Petroleum and Natural Gas Rights without the prior consent of the Royalty Owner, provided that the Grantor, acting in a reasonable and prudent manner, determines that the pooling or unitization and the terms thereof are in accordance with prudent oil and gas industry practises.

• No Persons have possession of any Collateral other than (i) Hydrocarbons held by operators engaged with respect to Borrowers' Petroleum and Natural Gas Rights; (ii) the Persons who hold hedge accounts of the Credit Parties other than Coho Canada; (iii) the Credit Parties other than Coho Canada; and (iv) such other Persons identified to the Administrative Agent pursuant to the Security Documents.

More Definitions of Petroleum and Natural Gas Rights

Petroleum and Natural Gas Rights means all rights to and in respect of the Leased Substances and the Title Documents (but only to the extent that the Title Documents pertain to the Lands), including without limitation the interests set out in Schedule “A” beside “VERMILION RESOU” under the heading ““WI” under the heading “DOI Code”;

Petroleum and Natural Gas Rights means all of Vendor's right, title and interest in and to:

Petroleum and Natural Gas Rights means the Vendor’s entire interest in those Petroleum Substances underlying the Lands in the respective formations to the extent that the same are described in Schedule “A” and are granted by the Leases, subject to the Permitted Encumbrances, and includes the interest and right of the Vendor in any lands or leases with which those Petroleum Substances have been pooled or unitized;

Petroleum and Natural Gas Rights means all of the right, title, estate and interest, whether absolute or contingent, legal or beneficial, present or future, vested or not, and whether or not an "interest in land", held by Invasion in or to the Lands and the Leases together with any of the following which relate thereto, by whatever name the same are known:

Petroleum and Natural Gas Rights means the entire right, title, estate and interest of Excelaron in and to:

Petroleum and Natural Gas Rights means rights to explore for, drill for, produce, save and market Petroleum Substances, including fee simple interests in Petroleum Substances and interests granted pursuant to instruments commonly known as Crown or freehold petroleum and/or natural gas leases, licenses or permits, but not Royalty Interests;

Petroleum and Natural Gas Rights means the interest of the Vendor set forth in Schedule “A” and Schedule “B” in and to the Lands and insofar as they pertain to the Lands, the Leases and as encumbered by the encumbrances described in Schedule “A” and Schedule “B” and any other Permitted Encumbrance;