Symbols and Abbreviations. The abbreviation “BPO” or the term “before payout” as used herein means that the figure next to which this abbreviation appears represents Mortgagor’s net income interest until such time as the operator of the well or ▇▇▇▇▇ situated on the described property has recovered from production from that well or those ▇▇▇▇▇ all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or ▇▇▇▇▇ plus costs of operating the well or ▇▇▇▇▇ during the recoupment period.
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Sources: Credit Agreement (Energy & Exploration Partners, Inc.), Mortgage, Indenture, Security Agreement, Fixture Filing, Financing Statement and Assignment of Production (American Natural Energy Corp)
Symbols and Abbreviations. The abbreviation “BPO” or the term “before payout” as used herein means that the figure next to which this abbreviation appears represents MortgagorSeller’s net income interest until such time as the operator of the well or ▇▇▇▇▇ situated on the described property has recovered from production from that well or those ▇▇▇▇▇ all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or ▇▇▇▇▇ plus costs of operating the well or ▇▇▇▇▇ during the recoupment period.
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Sources: Bill of Sale and Assignment in Lieu of Foreclosure (Fox Petroleum Inc.)
Symbols and Abbreviations. The abbreviation “BPO” or the term “before payout” as used herein means that the figure next to which this abbreviation appears represents Mortgagor▇▇▇▇▇▇▇▇▇’s net income interest until such time as the operator of the well or ▇▇▇▇▇ situated on the described property has recovered from production from that well or those ▇▇▇▇▇ all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or ▇▇▇▇▇ plus costs of operating the well or ▇▇▇▇▇ during the recoupment period.
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Symbols and Abbreviations. The abbreviation “BPO” or the term “before payout” as used herein means that the figure next to which this abbreviation appears represents Mortgagor’s net income interest until such time as the operator of the well or ▇▇wells situa▇▇▇ situated on ▇n the described property has recovered from production from that well or those ▇wells all c▇▇▇▇ all costs as specified in underlying farmout farmouts, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or wells plus ▇▇▇▇▇ plus costs of operating the well or ▇▇wells durin▇ ▇▇▇ during the recoupment period.
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