As far as oil goes, I have been mainly concentrating on positioning myself right for the phone call from the landman as far as amounts and percentages and lease terms I am pretty much set, thanks to alot of you pros on this website.
Since they are flaring gas in ND, should I be concerned about gas amounts, clauses etc. I assume that gas flaring vs capture is in the intial stages of the well and afterwards (6mos+)that gas is not a concern. A draft lease states if I get X% royalty on oil, I get X% on gas.
Am I corrrect that since gas prices are so low and that gas has to be captured upfront, that given the flaring, it Is not that much of a concern?