- Date/Time: May 28th @ 1:00pm
- Presentation: With the recent significant drop in oil prices, many lessees have questions about maintaining leases that are held by production during the secondary term. The ultimate objective of the secondary term is to maintain the lease through economically profitable production, which can be difficult when oil prices remain low for a long period of time. This presentation will discuss how to survive the current bust by keeping your lease alive during the secondary term, including a discussion on the requirement for production in paying quantities and savings clauses for cessation of production and shut-in royalties
- Cost: $10 – Please register and pay through Square https://bakersfield-association-of-professional-landmen.square.site/product/may-luncheon/19?cs=true. If registering for a group of people, please send their names and email addresses separately to BakersfieldLandmen@gmail.com
- Link: A link to the Webinar for those who registered for the event will be sent out approximately 1 hour before the event. The presentation will be recorded and sent out to attendees afterward.