Oklahoma - Oil & Gas

摘要

Right to Operate Held Nonassignable In Osage Exploration & Development, Inc. v. Stephens Energy Group, LLC, No. 5:14-cv-01319, 2015 WL 5031920 (W.D. Okla. Aug. 25,2015), Osage Exploration & Development, Inc. (Osage), U.S. Energy Development Corp. (U.S. Energy), and Slawson Exploration Company, Inc. (Slawson) entered into a participation agreement (PA) in April 2011 for the developing of certain lands in Oklahoma for oil and gas. Under the PA, Slawson acquired a 45% working interest and was named operator of all wells. U.S. Energy acquired a 30% working interest.