Common use of Gas Overproduction Clause in Contracts

Gas Overproduction. In the event Seller is overproduced as to any well(s) located on the Assets, Buyer acknowledges and agrees that its share of gas from any such overproduced well(s) on the Assets may at some point be curtailed by underproduced working interest owners. Seller shall not be liable to Buyer in the event such curtailment occurs.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Houston Exploration Co)

Gas Overproduction. In the event Seller is overproduced as to any well(s) located on the Assets, Buyer acknowledges and agrees that its share of gas from any such overproduced well(s) on the Assets may at some point be curtailed by underproduced working interest owners. Seller shall not be liable to Buyer in the event such curtailment occurs, subject to Seller’s representation in Section 2.14.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Linn Energy, LLC)