Hello All, I’d like to know if anyone in the forum has been dealing with Magnolia Oil & Gas in Fayette County, TX,as it pertains to the expansion of units under their Biss-Bissonnette Co-Op agreement. I haven’t been able to really understand what benefits might accrue if the agreementt is signed and what, if any, negative repercussions might come from not signing. It looks like the agreement would add units to the existing ones, diluting the royalties received but potentially increasing the production of the entire set of units. I am not a lawyer and found the agreement as well as its cover letter a bit turgid.
Thank you for any tips on interpreting this stuff.