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Of Production Sharing Agreements, Allocation Wells, and Horizontal Wells

By |2019-01-25T13:19:00-05:00January 25th, 2019|

The age of horizontal wells has revitalized the great Texas oil and gas industry. However, it is arguably an “open issue” as to how revenues from horizontal well production will be “shared” when the horizontal wellbore traverses two or more separate tracts of land or two or more pooled units. My best guess is that

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THE CO-TENANT PROBLEM IN THE DEVELOPMENT OF OIL & GAS

By |2017-08-29T10:35:02-05:00August 29th, 2017|

In the United States, it is common for one or more concurrent owners, or co-tenants, to own the fee oil and gas estate in fractional interests. Each of these co-tenants may execute oil and gas leases to different lessees, who then own undivided fractional shares of the leasehold estate with other Lessees and unleased mineral

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