Bigdaddy, I do not have access to the JOA but what you are saying completely fails the common sense test.
If what you are saying is true then why can't the cashed up Hancock completely ignore the wells jointly put down by STX and TPD, put down sole risk new wells, next to them, and, as you have said, suck out all, or most of the gas. To add insult to injury, Hancock could completely refuse to participate in any further joint venture activities and thus minimise the return that STX could get by going it alone.
Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-294
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