Is any member dealing with Kalos Resources

On idocmarket.com in the Grady County document search you get 56 results when using Kalos as the party name.

The vast majority of the documents are oil and gas leases. Most of the “Exhibit A’s” on his leases could use some major improvements I think. Although I saw one lease with a “Favored Nation” clause that I haven’t seen before and might be nice to have.

The major clauses you want in an Exhibit A are:

  1. No Deduction: (wording might be something like this) All oil, gas and other proceeds accruing to the Lessor under this lease or by state law shall be without deduction for the cost of producing, gathering, storing, separating, treating, dehydrating, compressing, processing, transporting, and marketing the oil, gas and other products produced hereunder to transform the product into marketable form. In no event shall Lessor receive a price that is less than the price received by Lessee or any Lessee affiliates thereof.

  2. Depth Clause:

  3. Pugh Clause:

  4. Shut-In Royalty:

Plus 13 to 14 more you should ask for.