Payouts. Schedule 5.11 contains an accurate and complete list based on Sellers’ records of the status (as of the date shown) of any payout balances for each Subject Interest that such Seller operates and is subject to a reversion or other adjustment at any level of cost recovery or Hydrocarbon production from or attributable to such Subject Interest or otherwise (other than due to termination of a Lease), as of the date shown on Schedule 5.11 with respect to such Subject Interest.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (WPX Energy, Inc.)