Common use of Royalties and Overriding Royalties Clause in Contracts

Royalties and Overriding Royalties. The respective lease owners in accordance with the terms oftheir leases shall pay all rentals due to the State ofNew Mexico. All royalties due to the State ofNew Mexico under the terms ofthe leases committed to this agreement shall be computed and paid on the basis ofall unitized substances allocated to the respective leases committed hereto; provided, however, the State shall be entitled to take in kind its share ofthe unitized substances allocated to the respective leases, and in such case the unit operator shall make deliveries ofsuch royalty share in accordance with the terms ofthe respective leases. All rentals, ifany, due under any leases embracing lands other than the State ofNew Mexico, shall be paid by the respective lease owners in accordance with the terms oftheir leases and all royalties due under the terms ofany such leases shall be paid on the basis ofall unitized substances allocated to the respective leases committed hereto. If the unit operator introduces gas obtained from sources other than the unitized substances into any producing formation for the purpose of repressuring, stimulating or increasing the ultimate recovery of unitized substances therefrom, a like amount ofgas, ifavailable, with due allowance for loss or depletion from any cause may be withdrawn from the formation into which the gas was introduced royalty free as to dry gas but not as to the products extracted therefrom; provided, that such withdrawal shall be at such time as may be provided in a plan ofoperation consented to by the Commissioner and approved by the Division as conforming to good petroleum engineering practices; and provided further, that such right of withdrawal shall terminate on the termination ofthis unit agreement. If8ny lease committed hereto is burdened with an overriding royalty, payment out ofproduction or other charge in addition to the usual royalty, the owner ofeach such lease shall bear and assume the same out ofthe unitized substances allocated to the lands embraced in each such lease as provided herein.

Royalties and Overriding Royalties. The All rentals due to the State of New Mexico shall be paid by the respective lease owners in accordance with the terms oftheir leases shall pay all rentals due to the State ofNew Mexicoleases. All royalties due to the State ofNew of New Mexico under the terms ofthe of the leases committed to this agreement shall be computed and paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto; provided, however, the tire State shall be entitled to take in kind its share ofthe of the unitized substances allocated to the respective leases, and in such case the unit operator shall make deliveries ofsuch of such royalty share in accordance with the terms ofthe respective leases. All rentals, ifanyif any, due under any leases embracing lands other than the State ofNew Stale of New Mexico, shall be paid by the respective lease owners in accordance with the terms oftheir of their leases and all royalties due under the terms ofany of any such leases shall be paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto. If the unit operator introduces gas obtained from sources other than the unitized substances into any producing formation for the purpose of repressuring, stimulating or increasing the ultimate recovery of unitized substances therefrom, a like amount ofgas, ifavailable, with due allowance for loss or depletion from any cause may be withdrawn from the formation into which the gas was introduced gmwaf iQ7oduced royalty free as to dry gas but not as to the products extracted therefrom; provided, that such withdrawal shall be at such time as may be pill! t@\it tiSras'miybe provided in a plan ofoperation of operation consented to by the Commissioner and approved by the Division as conforming to good petroleum engineering practices; and provided further, that (hat such right of withdrawal shall terminate on the termination ofthis of this unit agreement. If8ny If any lease committed hereto is burdened with an overriding royalty, payment out ofproduction or other charge in addition to the usual royalty, the owner ofeach of each such lease shall bear and assume the same out ofthe of the unitized substances allocated to the lands embraced in each such lease as provided herein.

Royalties and Overriding Royalties. The respective lease owners in accordance with the terms oftheir of their leases shall pay all rentals due to the State ofNew Mexico. All royalties due to the State ofNew Mexico under the terms ofthe of the leases committed to this agreement shall be computed and paid on the basis ofall unitized substances allocated to the respective leases committed hereto; provided, however, the State shall be entitled to take in kind its share ofthe unitized substances allocated to the respective leases, and in such case the unit operator shall make deliveries ofsuch royalty share in accordance with the terms ofthe respective leases. All rentals, ifany, due under any leases embracing lands other than the State ofNew Mexico, shall be paid by the respective lease owners in accordance with the terms oftheir of their leases and all royalties due under the terms ofany such leases shall be paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto. If the unit operator introduces gas obtained from sources other than the unitized substances into any producing formation for the purpose of repressuringofrepressuring, stimulating or increasing the ultimate recovery of unitized ofunitized substances therefrom, a like amount ofgas, ifavailableif available, with due allowance for loss or depletion from any cause may be withdrawn from the formation into which the gas was introduced royalty free as to dry gas but not as to the products extracted therefrom; provided, that such withdrawal shall be at such time as may be provided in a plan ofoperation consented to by the Commissioner and approved by the Division as conforming to good petroleum engineering practices; and provided further, that such right of withdrawal shall terminate on the termination ofthis unit agreement. If8ny agreement If any lease committed hereto is burdened with an overriding royalty, payment out ofproduction or other charge in addition to the usual royalty, the owner ofeach such lease shall bear and assume the same out ofthe of the unitized substances allocated to the lands embraced in each such lease as provided herein.

Royalties and Overriding Royalties. The respective lease owners in accordance with the terms oftheir of their leases shall pay all rentals due to the State ofNew of New Mexico. All royalties due to the State ofNew of New Mexico under the terms ofthe of the leases committed to this agreement shall be computed and paid on the basis ofall of all unitized substances allocated to the respective leases teases committed hereto; provided, however, the State shall be entitled to take in kind its share ofthe unitized substances allocated to the respective leases, and in such case the unit operator shall make deliveries ofsuch of such royalty share in accordance with the terms ofthe of the respective leases. All Ail rentals, ifany, due under any leases teases embracing lands other than the State ofNew of New Mexico, shall be paid by the respective lease owners in accordance with the terms oftheir of their leases and all royalties due under the terms ofany such leases shall be paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto. If the unit operator introduces gas obtained from sources other than the unitized substances into any producing formation for the purpose of repressuring, stimulating or increasing the ultimate recovery of unitized ofunitized substances therefrom, a like amount ofgasof gas, ifavailableif available, with due allowance for loss or depletion from any cause may be withdrawn from the formation into which the gas was introduced royalty free as to dry gas but not as to the products extracted therefrom; provided, that such withdrawal shall be at such time as may be provided in a plan ofoperation consented to by the Commissioner and approved by the Division as conforming to good petroleum engineering practices; and provided further, that such right of withdrawal shall terminate on the termination ofthis unit agreement. If8ny If any lease committed hereto is burdened with an overriding royalty, payment out ofproduction of production or other charge in addition to the usual royalty, the owner ofeach of each such lease shall bear and assume the same out ofthe unitized substances allocated to the lands embraced in each such lease as provided herein.

Royalties and Overriding Royalties. The respective lease owners in accordance with the terms oftheir of their leases shall pay all rentals renlals due to the State ofNew Stair of New Mexico. All royalties due to the State ofNew of New Mexico under the terms ofthe leases committed to this agreement shall sliall be computed and paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto; provided, however, the State shall be entitled to take tukc in kind its share ofthe ofthc unitized substances allocated to the respective leases, and in such case the unit operator shall make deliveries ofsuch royalty share in accordance with the terms ofthe respective leases. leases All rentals, ifany, . due under any leases embracing lands other oilier than the State ofNew of New Mexico, shall be paid by the (Ik respective lease owners in accordance with the die terms oftheir of their leases and all royalties due under the terms ofany of any such leases shall be he paid on the basis ofall unitized substances allocated to io the respective leases committed hereto. If the Ifthe unit operator introduces gas obtained from sources other than the unitized substances into any producing formation for the purpose of repressuring, stimulating or increasing the (he ultimate recovery of unitized ofunitized substances therefrom, tlierefrorn. a like amount ainouni ofgas, . ifavailable, with due allowance for loss kiss or depletion from any cause may be withdrawn from the formation (he formal inn into which the gas was introduced royalty royally free as to dry gas but not as to the products extracted therefrom; provided, that such withdrawal shall sliall be at such time as may be provided in a plan ofoperation consented to by the (lie Commissioner and approved by the tlic Division as a s conforming to in good petroleum engineering practices; : and provided further, that tliat such right of withdrawal tigluof wiilidrawal shall terminate on the termination ofthis of Hits unit agreement. If8ny agreement If any lease committed cuminittcd hereto is burdened with wirh an overriding royalty, payment out ofproduction of production or other charge cliargc in addition to the usual royalty, -the owner ofeach such lease shall bear and assume the same out ofthe ofilie unitized substances allocated to the I Ik lands embraced in each such lease as ;is provided herein.

Royalties and Overriding Royalties. The All rentals due to the State of New Mexico shall be paid by the respective lease owners in accordance with the terms oftheir leases shall pay all rentals due to the State ofNew Mexicoleases. All royalties due to the State ofNew of New Mexico under the terms ofthe of the leases committed to this agreement shall be computed and paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto; provided, however, the State shall be entitled to take in kind its share ofthe of the unitized substances allocated to the respective leases, and in such case the unit operator shall make deliveries ofsuch of such royalty share in accordance with the terms ofthe of the respective leases. All rentals, ifanyif any, due under any leases embracing lands other than the State ofNew of New Mexico, shall be paid by the respective lease owners in accordance with the terms oftheir leases of their (eases and all ail royalties due under the terms ofany of any such leases shall be paid on the basis ofall of all unitized substances allocated to the respective leases committed hereto. If the unit operator introduces gas obtained from sources other than the unitized substances into any producing formation for the purpose of repressuring, stimulating or increasing the ultimate recovery of unitized substances therefrom, a like amount ofgasof gas, ifavailableif available, with due allowance for loss or depletion from any cause may be withdrawn from the formation into which the gas was introduced royalty free as to dry gas but not as to the products extracted therefrom; provided, that such withdrawal shall be at such time as may be provided in a plan ofoperation of operation consented to by the Commissioner and approved by the Division as conforming to good petroleum engineering practices; and provided furtherfarther, that such right of withdrawal shall terminate on the termination ofthis of this unit agreement. If8ny If any lease committed hereto is burdened with an overriding royalty, payment out ofproduction of production or other charge in addition to the usual royalty, the owner ofeach of each such lease shall bear and assume the same out ofthe of the unitized substances allocated to the lands embraced in each such lease as provided herein.