Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area (including all xxxxx, platforms, pipelines, facilities and equipment associated directly with the specified operations herein) and all oil and gas produced from xxxxx drilled pursuant to the terms hereof, shall be borne and owned, subject to the terms and conditions set out herein, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests (“Working Interests”): Party Working Interests Newfield 60.00000% Ridgewood 40.00000%* * Subject to an obligation to pay a disproportionate share of Test Well costs, as further described in Article 3.
Interest of the Parties. The costs and expenses associated with the exploration and development of the Contract Area (including all xxxxx, platforms, pipelines, facilities and equipment associated directly with the specified operations herein) and all oil and gas produced from xxxxx drilled pursuant to the terms hereof, shall be borne and owned, subject to the terms and conditions set out in this Agreement, and unless otherwise agreed, by the Parties in accordance with the following percentage Record Title Interests: Party Record Title Interests Newfield 66.66667% * Ridgewood 33.33333% * *Subject to an obligation by Ridgewood to pay a disproportionate share of the costs and expenses of each Test Well, as further described in Article 3 of this Agreement.
Interest of the Parties. Unless changed by other provisions, all costs and liabilities incurred in operations under this agreement shall be borne and paid, and all equipment and materials acquired in operations on the Contract Area shall be owned, by the Parties as their interests are set forth in Exhibit "A". In the same manner, the Parties shall also own all production of oil and gas from the Contract Area. Nothing contained in this Article III shall be deemed an assignment or cross-assignment of interests covered hereby.
Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area and the Newfield Lease (including all wells, platforms, pipelines, facilities and equipment associated direxxxx with the specified operations herein) and all oil and gas produced from wells drilled pursuant to the terms hereof, shall be borne and owned, xxxxect to the terms and conditions set out herein, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests ("Working Interests"): Party Working Interests ----- ----------------- Newfield 50.00000% Ridgewood 50.00000%* *Subject to an obligation to pay a disproportionate share of Initial Test Well costs to Casing Point, as further described in Article 3. Participation Agreement-Eugene Island Block 346/347 dated March 15, 2007 Newfield Xxxxxxation Company & Ridgewood Energy Corporation - 2 -
Interest of the Parties. The Company covenants that its officers, employees, shareholders and sub-consultants have no interest and shall not acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of services required to be performed under this Agreement.
Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area (including all wells, platforms, pipelines, facilities and equipment associated dirxxxxx with the specified operations herein) and all oil and gas produced from wells drilled pursuant to the terms hereof, shall be borne and owned, xxxject to the terms and conditions set out herein and in the Option Agreement and the Farmout Agreement, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests ("Working Interests"): Party Working Interests ----- ----------------- Newfield 50.00000% Ridgewood 43.28499% Northstar 6.71501%
Interest of the Parties. The Parties agree that their respective Interest in the registered capital of the Company shall be as follows:
Interest of the Parties. The costs, risk and liabilities associated with the exploration and development of the Contract Area (including all wells, platforms, pipelines, facilities and equipment associated dirxxxxx with the specified operations herein) and all oil and gas produced from wells drilled pursuant to the terms hereof, shall be borne and owned, xxxject to the terms and conditions set out herein and in the Option Agreement and the Farmout Agreement, and unless otherwise agreed, by the Parties in accordance with the following percentage working interests ("Working Interests"): Party Working Interests ----- ----------------- Newfield 50.000% Ridgewood 50.000% * Subject to an obligation to pay a disproportionate share of Initial Test Well costs, as further described in Article 3.
Interest of the Parties. 10 4. Operator..................................................14 5. Authorities and Duties of Operator........................17 6.
Interest of the Parties. Except as otherwise provided in this Agreement, the respective interests of the Parties (the "Percentage Interests") in the Joint Venture and the Venture's capital, assets, Distributable Cash and Net Profits (as defined herein) are as follows: Party Percentage Interest IIC 51% U.S.P.L. 49%
