I’m posting this in the Reeves County category instead of Leasing category since location plays a role in ability to get certain lease terms. Our family has a number of offers for a previously unleased relatively small tract in Block 56 that we’re negotiating through our oil and gas lawyer. We’re focused on terms at the moment. My questions:
- How successful are you at getting a shallow depth severance, and how short of a distance between point of production and severance?
- How small can you get a horizontal production unit? I know they have shrunk of recent.
- How short of a time period can you get between completions and next drilling obligation in a continuous development clause? The heating up of the market over the last few years has made my knowledge of best possible terms out of date.
Thank you for your expertise.