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Grenadier has exercised the extension clause in a handful of leases. The bulk of their leases have primary terms good for the next couple of years. And those leases have extension clauses at relatively low rates. Grenadier has not made a unit application nor have they applied for a well permit. They are well positioned to wait out low prices.
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Posted by Char on May 29, 2025 at 14:42 — 4 Comments
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