Net Revenue Interest definition

Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

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Net Revenue Interest means an interest (expressed as a percentage or decimal fraction) in and to all Hydrocarbons produced and saved from or attributable to an Oil and Gas Property.

Net Revenue Interest means a share, expressed as a decimal, of the oil, gas and other minerals (or the proceeds of sale thereof) produced and saved from or otherwise attributable to an Interest and the zones, horizons and reservoirs produced therefrom, after the deduction of all royalties, overriding royalties and other burdens on production.

Examples of Net Revenue Interest in a sentence

• For purposes of this Agreement, the term “Title Benefit” shall mean Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest).

• Following the determination of the Adjusted Development Well Amount for a Development Well, Assignor shall execute and deliver a recordable stipulation in the form of Exhibit C attached hereto, to be acknowledged and countersigned by Assignee, identifying (i) the Development ▇▇▇▇▇ drilled to date (including an API number for each such Development Well) and (ii) Assignor’s Net Revenue Interest warranted by Assignor and used to calculate the NRI Factor for each of the Development ▇▇▇▇▇ drilled to date.

• Notwithstanding anything contained in this Conveyance to the contrary, Assignor may Transfer an undivided interest in any Development Well and/or any Subject Interests pursuant to the terms and conditions of the Founder Well Participation Program of Chesapeake Energy Corporation, free and clear of the Royalty Interest; provided, however, that any such Transfer shall not reduce the Assignor’s Net Revenue Interest warranted herein.

• If there is a breach of the foregoing warranty with respect to a Development Well, Assignee shall receive payment of Assignee Proceeds based upon the Assignor’s Net Revenue Interest warranted in this Conveyance as to such Development Well.

• The term “Title Benefit” shall mean Seller’s Net Revenue Interest in any Lease, Well, PUD Location and PDNP that is greater than or in addition to the Net Revenue Interest set forth in Exhibit C, or Seller’s Working Interest in any Lease, Well, PUD Location and PDNP that is less than the Working Interest set forth in Exhibit C (without a proportionate decrease in the Net Revenue Interest).

More Definitions of Net Revenue Interest

Net Revenue Interest or “NRI” means the percentage interest in proportion to the Working Interest in and to all production of hydrocarbons produced and saved or sold from a leasehold interest after giving effect to all valid lessors’ royalties, overriding royalties and/or other non-expense bearing burdens against production.

Net Revenue Interest mean the percentage share in all oil, gas and other Hydrocarbons produced from a well, lease, unit or other Oil and Gas Interest after satisfaction of applicable lessor royalties, overriding royalties, oil payments and other payments out of or measured by the production of oil, gas and other Hydrocarbons from such well, lease, unit or other Oil and Gas Interest.

Net Revenue Interest means the decimal ownership of the lessee in production from a Lease, after deducting all applicable Lease Burdens.

Net Revenue Interest means, for any Well, the holder’s share of the Hydrocarbons produced, saved and marketed therefrom (after satisfaction of all Burdens).

Net Revenue Interest means all of the working interests less all royalties, overriding royalties, non-participating royalties, net profits interest or similar burdens on or measured by production from oil and natural gas.

Net Revenue Interest or “NRI” — as defined in Section 4.02(a)(i).

Net Revenue Interest means Seller’s interest in and to all production of Hydrocarbons saved, produced and sold or which can be produced and sold from any Well or Lease after giving effect to all valid lessor’s royalties, overriding royalties, production payments, carried interest, liens, and other encumbrances or charges against production therefrom.