Acquiring Aging Oil and Gas Assets
This presentation is from the 2024 Advanced Landman’s Institute. It was jointly produced by The Foundation for Natural Resources and Energy Law and AAPL.
- Value assumptions of acquisition of aging oil and gas assets
- Disconnects between buy-side assumptions and the reality of mature fields
- Lease perpetuation issues
- Amalgamation of old leases and lease forms with new lease forms
- Pugh clauses, retained acreage provisions, horizontal severances
- AMIs – old ones, new ones and some with sketchy pedigrees
- New projects under old JOAs, multiple and conflicting JOAs
- Title problems cured by time and titled problems exacerbated by time
Presenter: TERRY I. CROSS, McClure & Cross LLP, Dallas, TX
1.00 CEU