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Permalink Reply by William M. Dickson on June 15, 2015 at 4:21

AIX and NextEra were partners in the Claiborne Parrish wells. In August 2014 they divided up the wells, with AIX to continue to operate them. In early 2015 Petro-Chem took over operation of the NextEra wells with Petro-Chem being responsible beginning in March 2015.

I am speculating here, but I assume NextEra switched to Petro-Chem because AIX was not paying royalties to the landowners. AIX still owes us for royalty payments from November 2014 to February 2015.

Permalink Reply by Jon on June 15, 2015 at 5:07

We signed a lease with AIX & NextEra 3 years ago and about 2 years ago Whiting acquired the lower part of the lease for the Lower Smackover.  Lease is up last part of August 2015.  Hoping for a new lease in the future.  Hopefully not AIX.