Common use of Residue Gas Clause in Contracts

Residue Gas. During flush Gas production or during periods of curtailment by the residue gas purchaser(s), Buyer shall only be obligated to take Seller’s Gas that is produced from oil ▇▇▇▇▇ and ratably as to quantity with all other Gas produced from oil ▇▇▇▇▇ connected to its Gathering System and/or Plant. Buyer shall require Seller to shut-in Gas produced from Gas ▇▇▇▇▇ during this period.

Appears in 3 contracts

Sources: Gas Purchase Contract (Resaca Exploitation, Inc.), Gas Purchase Contract (Resaca Exploitation, Inc.), Gas Purchase Contract (Resaca Exploitation, Inc.)