Cost of Salvaging. Working Interest Owners shall share the cost of salvaging, liquidation or other distribution of assets and properties used in Unit Operations in proportion to their respective Area Participations.
Appears in 2 contracts
Sources: Unit Operating Agreement (Pacific Energy Resources LTD), Unit Operating Agreement (Pacific Energy Resources LTD)
Cost of Salvaging. Working Interest Owners shall share the cost of salvaging, liquidation or other distribution of assets and properties used in Unit Operations in proportion to their respective Area ParticipationsUnit Participations then in effect in which such salvaging, liquidation or other distribution occurs.
Appears in 2 contracts
Sources: Unit Operating Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.)