UNITIZATION FORMULAS NEED SCRUTINY

Scott B. Cline, Brian J. Stanley Hefner Corp. Oklahoma City The participation formula is the most difficult matter to settle among interest owners in proposed oil field unitizations in the U.S. Interest owners should never assume that all participation formulas are equitable. Such an assumption can be a costly mistake. Different formulas result in a wide variation of possible unit interests. However, delaying or preventing unitization because of arguments over insignificant matters can also be

Sep 13th, 1993
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