I know of another UMO, with an operator different from yours, who exceeds the 10% number (not by much). So, we now know of two different operators who will tolerate 10% under some circumstances.
Good luck on your well -- I hope it makes the Hall of Fame.
Operators will not let ~10% UMOs stand in way of production. It bears repeating that O&G have a lot of $$$ and lawyers: unless you're a professional and litigation-ready, don't go UMO unless you are left with no alternative. Get as good a lease as you can and be done with it. (again, you might also have royalty payment issues, but UMO production payment issues are much larger)
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More