Below is a excerpt from our Exhibit A to a lease that has been marked by Okland Oil. In your opinion, what does the markup change in the intent of that clause?
Thank you.
Your original was actually better although it had the “producing” word twice. They actually want to hold more than you want them to hold. For example, if they penetrate the Hunton, then they will hold all depths down to 100’ below the bottom of the Hunton. But if they are only producing from the Woodford that lies above the Hunton, then they can hold possibly hundreds of feet below the Woodford and not release it. You would prefer that they release everything 100’ below the stratigraphic equivalent of the base of the deepest producing formation…
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Thank you, Ms. Barnes. Appreciate your time.
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