red flag camterra ?
does any one the implications of red flags being placed on oil companies and how those may impact production.....????????? I found this after entering org id in sonaris for debroeck well 237795 for which i own 125 acres.
Effective Date End Date Warning Status Warning Description
05/03/2005 07/06/2005 I ILLEGAL MOVEMENT
07/16/2008 07/29/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2009 04/14/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
on?
Effective Date End Date Warning Status Warning Description
05/03/2005 07/06/2005 I ILLEGAL MOVEMENT
07/16/2008 07/29/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2009 04/14/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
on?
Views: 43
Add a Comment
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Oil & Gas Pro Comment by Dion Warr, CPL on July 31, 2009 at 3:50 -
John H.:
Suggest you read the recent interview of Commissioner Welsh. Civil penalties are a primary line of punitive action used by LOC in order to force compliance by the operator.
This could eventually affect you, the mineral owner, if LOC determines that it should shut in certain wells (or even all wells) operated by the trouble operator.
An enforced shut-in of a well does constitute an obstacle as contemplated under the Mineral Code and can therefore hold your lease for the duration of an enforcement action.
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