What creates requirement for new lease? new DO?

[David_Meinert]

Hello,

Broadly, I’m wondering what creates the requirement for a new lease and/or a new DO?

More specifically:

(a) If a company enters bankruptcy, but then emerges from bankruptcy with a new company name - does this require a new lease? A new DO? (b) If a company merges with another company (i.e., Chevron and Texaco circa 2002), does this require a new lease? A new DO? (c) If a company purchases properties from another company, but both companies remain ongoing entities - does the new company need to issue a new lease? A new DO? (d) If a pooling unit is created, does this initiate requirement for a new lease? I assume this would create a new DO, but not certain. (e) If a company changes from one type of organization to another type of organization (i.e., change from LP to LLC), does this require a new lease? A new DO?

Thank you

[TODD_M_Baker]

A lease stays in effect as long as its terms are met. A change in revenue ownership will trigger a new DO to the owners that changed. It’s totally up to an operator if they want to accept those of the previous operator or they want to issue new ones.