Change of operator in Bistineau Field
Does anyone know the reason that CHK, took over as operator in Sec 28 16N-10W.
Unit was granted to HK last year and Permit was originally submitted by HK. Last information on Sonris, ChK is operating well.
If lease agreement is with HK, who is responsible for royalty payments?? Any help appreciated.
Larry T
Views: 65
Replies to This Discussion
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Permalink Reply by Les Bamburg on -
Larry, the operator has changed for several units for various reasons.
Petrohawk has primary responsibility to pay lessor royalties. The lessee (Petrohawk) can enter into an agreement with the unit operator to make royalty payments to Petrohawk's lessors on their behalf - essentially acting as the lessee's agent.
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