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

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Oil & Gas ProPermalink Reply by Les Bamburg on July 4, 2011 at 3:16

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.

Permalink Reply by Larry T on July 4, 2011 at 3:33
OK, many thanks Les, From all the post around here, I would prefer dealing with HK than CHK

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