Petroleum and Natural Gas Rights definition

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.

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 and described in Schedule "A";

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:

Examples of Petroleum and Natural Gas Rights in a sentence

• 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.

• 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: Title: SCHEDULE "B" Purchased Assets The 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, (i) the Petroleum and Natural Gas Rights; (ii) the Tangibles; and (iii) the Miscellaneous Interests described in the attachments to this Schedule "B".

• 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.

• Upon the date on which any Person earns any interest in the Petroleum and Natural Gas Rights comprised in the Properties pursuant to such a farmout agreement, the interest in the portion of the Royalty to the extent it is calculated with reference to production from or otherwise relates to such Petroleum and Natural Gas Rights shall merge in the interest in such Petroleum and Natural Gas Rights and such interest in the Royalty shall thereupon terminate.

More Definitions of Petroleum and Natural Gas Rights

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

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 undivided right, title and interest of Vendor at the Effective Date, in and to the Petroleum Substances in the Lands or any lands pooled or unitized therewith and in and to any royalty rights in the Lands, which interests are, including without limitation, those interests set forth in Schedule "A";

Petroleum and Natural Gas Rights means the undivided interests described in Schedule "A" including working interests, royalty interests, participation interests or any other interests in respect of the Leases and the Lands or lands with which the Lands are pooled or unitized, whether legal, beneficial or both;

Petroleum and Natural Gas Rights means Vendor's entire 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 interests of Vendor in and to the Leases and the Lands, including without limitation, the interests set out in Schedule “A”;

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