I would appreciate any comments on the pros and cons of tying the definition of market value in a oil/gas lease to "being no less than the first of the month index price for baseload sales published in Platts Inside FERC for the first market poll that is accessible for the Gas". An operator is wanting to use this terminology. this is the first time I have heard of Platts so obviously I am very much a lay person but it seems far removed from the clauses I generally see. It may be OK but I am very hesitant to agree. Thanks. JC
Tags: Market Value
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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AboutAs 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 |
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