Showing results like "New Form Leases"
Higher-of Value Audits
New Form Leases
(usually not under a Royalty Settlement Agreement)
- Paragraph 36(a)(1): "the field price received by the lessee" which is the same value as paragraph 16(1) for a DL-1 lease)"
- Paragraph 36(a)(2):"the volume-weighted average of the three highest field prices received by other producers in the same field or area.."