I ratified a pooling agreement (non participating royalty interest) with Operator A in a 640 acre unit. Operator B drills and completes a well within this 640 acre unit. Should Operator B be required to pay royalties?
Dear Mr. Gross,
Typically, unless there is split stream production.
Buddy - exactly what is a split stream production?
Buddy Cotten said:
Dear Mr. Gross,
Typically, unless there is split stream production.
Best,
Buddy Cotten
Dear Mr.Gross,
Let's say operator A has 1/2 and Company B had 1/2 the well. B could sell their gas to whomever they wanted, as could Operator A. That is a simple explaation of splitstream prouction.