Common use of Production Processing Clause in Contracts

Production Processing. Company will, subject to 13.3, execute a mutually acceptable Processing Agreement, on the form set out as Exhibit "H" no later than thirty (30) days following the completion for production of the Initial Test Well for a particular Prospect if notified in writing by Chevron that the Initial Test Well production will be processed by Chevron at certain Chevron's facilities as provided in the Processing Agreement. All processing operations performed by Chevron, as processor, will be under the terms of the Processing Agreement.