By Randy Nichols, CPL
Originally published in AAPL Landman Magazine March/April 2022 Edition
The US oil and gas industry remains in limbo as oil demand is soft and the world economy struggles to recover from the effects of COVID-19. As a result, capital expenditures for drilling new wells are at an all-time low. On the other hand, the renewable energy industry is experiencing a large influx of capital, primarily for utility-scale solar and battery storage.
In the second edition of Cinco Energy’s webcast featuring the newly-announced Board of Advisors, President Camille Nichols sits down with Julie Jenkins, CPL. The duo discuss qualities a management team should look for in a landman and how technology is impacting the industry.
After announcing Cinco Energy’s newly-formed Board of Advisors’ introduction, the team is excited to launch a new webcast series featuring the individual members. In its first edition, Cinco Energy’s President Camille Nichols sits down with J. Kelley Burch, CPL, to discuss the unique value landmen provide to companies and how their deep, rooted experience impacts the practice of land.
In the final part of our maintaining your oil and gas lease when curtailing production series, we review important lease considerations and seven best practices for meeting lease requirements. If you missed part one or part two of the series where we covered four lease clauses, you can read the blogs here:
In part one of our FAQ series, we reviewed the first steps oil and gas producers should consider when curtailing production and the lease clauses to be aware of. The second part of our series, we will cover the Production in Paying Quantities and the Cessation of Production clause.
Faced with an oversupply of oil, no place to store it, and a spot price below the cost of production, producers have scrambled to shield themselves from permanent damage during the downturn -- but not all solutions for saving your leases are created equal.
In part one of our FAQ series, we will review the first steps oil and gas producers should consider when curtailing production and the lease clauses to be aware of.