tag:blogger.com,1999:blog-3555233033952952657.post4515386549538831200..comments2023-11-02T09:34:58.512-05:00Comments on Bakken Shale: When An Agreement For A 640 Actually Means It Will Be A 1280Teeguehttp://www.blogger.com/profile/11331850464011934960noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3555233033952952657.post-58417576472675670562009-11-16T09:05:49.960-06:002009-11-16T09:05:49.960-06:00Great article you got here. I'd like to read m...Great article you got here. I'd like to read more about this theme.<br />BTW look at the design I've made myself <a href="http://www.admirableescorts.com/" rel="nofollow">London escort</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-7228751158597204662007-11-05T22:31:00.000-06:002007-11-05T22:31:00.000-06:00Good points rocco, but I'll play devil's advocate....Good points rocco, but I'll play devil's advocate. I'm not sure a default clause will actually hold up in court, especially if the company requesting the unit is not the company with with a restrictive clause, and mediation doesn't have a great track record for looking out for the little guy. I just don't think this event is something that the law recognizes as requiring a forfeiture,as spacing Teeguehttps://www.blogger.com/profile/11331850464011934960noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-78480047423271202692007-11-02T00:19:00.000-05:002007-11-02T00:19:00.000-05:00I think the savvy mineral owner worried about this...I think the savvy mineral owner worried about this scenario should fight back and include a strong default clause whereby the lease can be terminated at the option of the lessor if the restrictive pooling provisions are violated. Stick in a mediation or arbitration clause if you are worried about judicial ascertainment. Get creative and give those provisions some bite! If these provisions are Unknownhttps://www.blogger.com/profile/07680427481863155993noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-8082526995749828482007-11-01T20:38:00.000-05:002007-11-01T20:38:00.000-05:00It appears that EOG is going to continue to drill ...It appears that EOG is going to continue to drill on 640s in their current area of activity anyway. They are planning a pilot project to try putting a second well on the 640s and see how that works. I don't know what the 1280 is all about, except that it may be targeting the Sanish Sand, which is a separate zone in the Bakken than what is currently producing in the field.<BR/><BR/>Good luck Teeguehttps://www.blogger.com/profile/11331850464011934960noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-64021979248066210752007-11-01T10:55:00.000-05:002007-11-01T10:55:00.000-05:00I've read your entry twice, it's beginning to sink...I've read your entry twice, it's beginning to sink in. Somewhat confusing for those of us not in the industry. I appreciate the explanation for those of us who don't have the expertise. Does this entry have anything to do with your 10/23 entry regarding EOG and the request for 1280 spacing in sections 2 & 3 of 152 N 90 W, where there is in place 640 with two producing wells? I'm a royalty Anonymousnoreply@blogger.com