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
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