Common use of Rights in Production Clause in Contracts

Rights in Production. All of Seller’s right, title and interest in and to the following: (i) an undivided twenty percent (20%) of 8/8ths interest in all reversionary interests, backin interests, overriding royalty interests and production payments relating to all natural gas, casinghead gas, natural gas liquids, condensate, products, crude oil and other hydrocarbons, whether gaseous or liquid, produced and severed from, or allocable to the portion of the Leases described on Exhibit “A”, and (ii) an undivided fifty percent (50%) of 8/8ths interest in all reversionary interests, backin interests, overriding royalty interests and production payments relating to all natural gas, casinghead gas, natural gas liquids, condensate, products, crude oil and other hydrocarbons, whether gaseous or liquid, produced and severed from, or allocable to the portion of the Leases described on Exhibit “A-1” (the “Hydrocarbons”), to the extent and only to the extent, such right, title and interest are attributable to the Leases;

Appears in 3 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)