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.

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

• SAI has retained a Net Revenue Interest Royalty in respect of the Leases that may provide up to 25% of the net revenues therefrom.

• For theAs a prelude to more detailed discussions of specific telescopes in the next subsection, we comment that a typical flux density of Sbeam = 4 µJy might seem to be a quite accessible number for future large radio tele-surface mass-density Σ beam= ΣvirA≈ 0.07 kg m−2of ourscopes - many papers report detection of radio signals inRJthe µJy range using presently available facilities.

• 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.

• To be effective, this notice (a “Title Defect Notice”) must (i) be in writing; (ii) be received by Seller prior to the expiration of the Examination Period; (iii) describe the Title Defect in sufficient, specific detail (including any alleged variance in the Net Revenue Interest or Working Interest); (iv) identify the specific Asset or Assets affected by the Title Defect; and (v) include the value of the Title Defect as determined by Buyer.

• If, after 18 months of the execution of the HTF agreement, it appears unlikely that the project will meet these deadlines, VHCB reserves the right to decommit the HTF award.

More Definitions of Net Revenue Interest

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 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. (“NRI”) means an interest (expressed as a percentage or decimal fraction) in and to all hydrocarbons produced and saved from or attributable to a property.

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

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

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” means, with respect to any Acquired Lease, Acquired Interest, or Acquired Well, that interest of Seller in Hydrocarbons produced and marketed from or attributable to such Acquired Lease, Acquired Interest, or Acquired Well, after giving effect to all Royalties and reversionary interests.