Rachel Reese spoke to the Houston Chapter of the Society of Petroleum Evaluation Engineers on Thursday, February 21, 2019.
With leasing back in full swing in some of the more prolific areas of Texas, more and more mineral interest owners are insisting upon custom lease forms rather than using a Producers 88. As Texas jurisprudence struggles to keep up with the realities of modern oilfield practices, these lease forms get more and more complex. Rachels presentation provides an overview of these custom provisions, the issues they are meant to address, and how they can directly impact asset valuations.
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