(Emphasis added.) More simply, as important to the issues before us, Chesapeake would retain for each well the acreage “included within the proration . . . unit” “prescribed by field rules” or, “absen ...

Foremost and always, read the instrument – not all clauses are created equal. But you know that. Consider the clause before perfunctorily filing P-15’s, plats, and other RRC forms. Absentmindedly ...

Have you ever wondered about the original purpose of the retained acreage clause? According to Professor Kramer, it was “to prevent the lessee from losing those portions of a lease that had productive ...

As explained, however, Endeavor had previously filed plats with the Commission assigning proration units of only 81.21 or 81.0 acres to each of the four wells, and those proration units did not ...