Implement of price-sensitive sliding scale royalty oil formulaĪssign from Aera Energy LLC to OXY USA Inc. increase blanket bond to $250K & structure bond to $1.5MMĬertify EIR approve cooperative waterflood program for Leases 163, E-392, 425, 426, 30 6827Īpprove resumption of drilling operations on Leases 91, 163, E-392, 425 & 426Īpprove discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 426, 1Īssign from Phillips Pet. Renewal and exchange of lease add habendum clause pursuant to P.R.C. Change in Parental Guaranty – removed from agendaĪmend the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E-392, 425 and 426Īmendment to reduce the idle well counts, establish a sinking fund, and modify the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E 392, 425 and 426Īward lease to Signal O&G Co for bid factor of 1.10 increase the blanket bond to $30MMĪssignment from OXY USA, Inc. Implement price-sensitive sliding scale royalty oil formulaĪssignment from Aera Energy LLC to OXY USA Inc. increase the blanket bond to $250K and structure bond to $1.5MM Hamilton for a bid factor of 1.63Īmend lease for 5 years and so long thereafter as oil or gas is produced in paying quantitiesĪpprove a cooperative plan of operation of the 91MZU and E-392 Main Zone PoolĪpprove modification of royalty interest in 91 Main Zone UnitĪpprove resumption of drilling operations on Leases 91, 163, E-392, 425 and 426Īpprove discharge of drill cuttings/mud from Leases 91, 163, E-392, 425, 426, 1Īssign from Phillips Pet.
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