Mechanics of Washout Provisions
Level: Intermediate
By surrendering an oil and gas lease a "washout" can extinguish certain non-operated working interests and overriding royalty interests. This presentation will focus on the mechanics of washout transactions and anti-washout clauses.
Objectives: At the conclusion of this presentation, the participant will be able to:” - Understand the mechanics of washout transactions; Analyze the impact of Non-Operated Working Interests; Evaluate anti-washout clauses and their effectiveness
Speaker: Josh Peterson - Oliva Gibbs LLP
1.00 CEU