"That's a good point, Kathi. They've taken on so many wells and leases that it's almost impossible for them to keep up with maintaining all of the payments with people like Kathi reaching out and letting them know that they are past…"
"I don't know that this is the groundbreaking decision that the reaction would indicate. This was simply a remand of a grant of summary judgment, meaning the Superior Court believes that there is an issue of material fact and the moving party is…"
"Atlas was a large scale oil and gas operator dating back to the late 1990s. They purchased Viking Resources and took over that shallow production, and then was purchased by Chevron in 2011 because they operated the shallow rights on a lot of…"
That is a perfect example. If you think about the purpose and intent of unitization, it is to prevent waste and incentive efficient development. If you couldn't differentiate units by producing formation, a lot of…"
"farmgas, I definitely follow your concern. I pointed out the deep operators interest because the area of focus is where the dollars will be focused and most the most attention to the shallow production, if the deep operator has near term development…"
"farmgas, I wouldn't consider the JUA setup as a foolproof slam dunk, but it at least attempts to act as a safeguard for the deep operators. There will surely be instances of wells and leases falling through the cracks and terminating. That…"
"Just wanted to chime in that it's typically not quite to the extent of 'no assurances,' when these deep operators sell off their shallow rights and wells. There is generally a JUA (joint use agreement) requiring the shallow operator…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]