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Are assignments (transfers) of operating rights adjudicated?

April 26, 2017adjudicated assignments operating Rights transfers

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Are assignments (transfers) of operating rights adjudicated?

1 Answer

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Posted

Yes. Transfers of operating rights (sublease) are reviewed and processed. However, adjudication of the lease operating rights transfer records for percentages of interests (or depths or formations) as to whether the transferor holds what is transferred and as to what each transferee is receiving is no longer being performed by us.