GGP 0.00% 0.6¢ golden gate petroleum ltd

fundamentals,eagle ford,permian basin, page-30

  1. 11,058 Posts.
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    meant to add...

    Just first 2 pages of this doc describes a case which goes the other way around (shallow rights owner violates deep rights owner) in Canada.

    http://www.bdplaw.com/titanweb/bdp/bdpwebsite.nsf/AllDoc/6C4A1D2EBBB384BF8725710E007272C8/$File/BDP%20Energy%20NL%20Jan.%2006.pdf


    Leases do take all shapes and forms and I'm sure TXSRH and University System have a pretty good lease format.

    Here is a sample (albeit from Ohio) but the relevant thing is the description

    2. Limitations on Grant of Lease
    (a) Lessor’s Reserved Rights. Lessor reserves all rights not specifically granted to Lessee in this Lease. Specifically reserved by Lessor are all oil, gas and other mineral rights from the surface to the top of the Queenston Shales, other than such rights allowed to Lessee to drill through such reserved portions as are necessary for Lessee to have access to the Queenston Shales and below.


    Read it over and over. If Party B has the rights below then they have rights to drill through reserved portions....



 
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