What do we know about a vertical Pugh??

Going over this XTO contract, it looks pretty darn good, for them.

I am starting to write addendums and the depth is not specified. Anyone have wording on a Vertical Pugh addendum.

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Replies to This Discussion

Permalink Reply by Oliver Perry on March 13, 2013 at 11:12am

I would suggest you post your question on the main page where there are many more people to see it and you should get some good responses.

Permalink Reply by Kathleen on March 13, 2013 at 1:10pm
I have one in my columbiana county lease. It's says the vertical can't hold more than 40 total acres.
Permalink Reply by Kathleen on March 13, 2013 at 1:44pm
Oh. :0)
Permalink Reply by Gregory J Adams on March 14, 2013 at 1:13am

Yes strata.

They are lowballing, and the landman said this is a Marcellus lease. With all of the other errors he made ;) when describing the lease, I figure that it should be in black and white.

Permalink Reply by Roy Andrews on April 8, 2013 at 7:33am

Try this:  The lessee only gets to hold that strata  that is drilled to and produced from, all strata not produced from must be released back to the lessor

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