We begin with a word from your sponsor. After enduring several generative AI tutorials, we urge you to keep on reading Energy and the Law. Why? Our blog is more accurate, at least a little “fun”, offers insightful musical interludes to distract you from your daily burdens, it’s free, and we “hallucinate”
Co-author Rusty TuckerThe threat: You, the operator, are operating unprofitable wells where monthly costs exceed or barely equal revenues, making money on the fixed COPAS overhead charges. Your non-operators are going into the economic hole and they don’t like it.
Yesterday we presented options for the non–operator to stop the financial bleeding. Today we anticipate responses available to the operator.
Yesterday’s caveats still apply.
Continue Reading My Operator is Making Money … Part 2, The Operator’s Response
Surely, the Pennsylvania Supreme Court has been busy since century before last, but apparently not on a lot of oil and gas cases. The court revisited the standard, first established in 1899, for determining whether an oil and gas lease has produced in paying quantities. In T.W. Phillips Gas & Oil Co. v. Jedlicka,