sec.32 15n 09w. Partial release of mineral leases
I received notice that Questar is relinquishing rights greater than 100ft. below the base of the haynesville shale as found at the Golson 32H #1. Any idea why?
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Permalink Reply by HBP on -
Well Jim, Why?
Why proactively do anything in this case? That's not a business decision. Unless there are specific requests from a majority in a section to release these rights. Even then, why release everyone? Im not saying its possible, I'm just saying that I feel there is another reason here.
No business with shareholders proactively divests an asset for free.
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Permalink Reply by Two Dogs, Pirate on
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Probably most of the leases had a vertical Pugh Clause, so Questar is just doing the right thing and making the release public.
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