What if Your Company Finds Gas?

James Barnes
Barnes & Cascio, Houston, TX

The presentation will focus on the sorts of commercial and legal provisions your company should try to get in its granting instrument for a block in an area where gas may be discovered. The primary considerations are the sufficiency of the timing provisions in the granting instrument in light of the time required to find a gas market and develop the necessary infrastructure to deliver the gas to market, and the adequacy of the commercial provisions in the granting instrument in light of the expected price of gas.