I think that in the world of lease negotiations - no idea is a bad idea. the worst they can say is 'no', right? The idea you have is a good one to try to start the negotiations on the Pugh Clause point. Are you in the area where EOG is drilling almost every section ... if you are, it may be a moot point anyway, as they appear to drill wells close together, so if your assets are held by production (HBP) on one section by EOG, chances might be good that your other sections will be drilled by them as well... I think the BEST news here is that your lease is now held by EOG, the absolute best and top producer in the Bakken. Hope that brightens your day abit! Rufus
On Oct 2, 7:30 am, Sweet <[EMAIL PROTECTED]> wrote: > Thank you for all the responses. I have determined that our lease > which was originally with Ritter, Laber & Associates . . did not have > a Pugh clause. EOG has now acquired the lease but has indicated since > the lease was written on Ritter paper . . it is not amendable by EOG. > We've got 4 sections on this lease so of course a well on one section > will tie up the other 3 sections and not allow us to get any lease > money on the other sections in a few years when the original lease > would have expired. Has anyone had any luck negotiating to either get > additional sections split out into separate leases or to get a Pugh > clause added after the fact . . .? I thought perhaps if we offered to > extend the lease for 1 year at no additional cost to them but have > them add the Pugh clause . . .? . .would that be a fair trade? Or am > I officially in the live and learn club now? ha ha. Thanks in > advance for any insight you can provide . .. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
