Lease Question
I leased to EOG and another neighbor or two did also. then another neighbor leased to Cabot and then another leased to someone else.
Question is Do we have a chance of getting in a unit when everyone leased to different oil co's ???
Question is Do we have a chance of getting in a unit when everyone leased to different oil co's ???
Views: 28
Replies to This Discussion
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Permalink Reply by adubu on
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yes----operator generally get together and the one with most acres and drilling ability will be the operator and the other will have non-operator % working interest in the unit. In your case EOG will pay your royalty as operator or non-operator makes no different as far as your payment. It could howevery make different who operator is as far as how fast that drill more wells in the unit and their expertise in drilling
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Permalink Reply by ogmladvisor on -
Adubu is right, I wouldn't be concerned about it.
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