Production in Paying Quantities
IS THAT WELL REALLY PRODUCING ENOUGH TO HOLD THE LEASE?
In Texas, the general rule is that production in paying quantities means that gross operating revenues must exceed your operating expenses over a reasonable amount of time. You have to make a penny more than you spend over a reasonable amount of time. Learn more about the factors that go into determining whether a well is producing in paying quantities by downloading this HELG paper.
ABOUT HOLLIDAY ENERGY LAW GROUP
At Holliday Energy Law Group, our core purpose is to create massive, outsized value but what does that mean? Value is defined as, “the importance, worth, or usefulness of something.” We not only strive to create massive value in everything we do, but we want to create massive, outsized value in ways that make us indispensable to our clients, partners and team members. We do this by sharing our knowledge and expertise.