Examples of Oil and Gas Interests in a sentence
If any party owns an Oil and Gas Interest(s) in the Contract Area, that Interest shall be treated for all purposes of this agreement and during the term hereof as if it were covered by the form of Oil and Gas Lease and the interest of the lessee hereunder.
All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the Joint Expense of the parties listed in Exhibit "A" pursuant to their proportionate share and as working interest owners of the Oil and Gas Leases and Oil and Gas Interests.
This agreement shall remain in full force and effect as to the Oil and Gas Leases and/or Oil and Gas Interests subject hereto for as long as any of the Oil and Gas Leases subject to this agreement remain or are continued in force as to any part of the Contract Area, whether by production, extension, renewal or otherwise.