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What happens if the price of oil and/or gas drops?

April 26, 2017Drops Gas happens Oil price

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What happens if the price of oil and/or gas drops?

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A drop in the price of oil and/or gas will have a direct impact on the value of the minerals produced from the well, which in turn will reduce the partnership’s revenue and each partner’s share thereof. However, Guardian endeavors to identify and acquire land in plays that will remain economically profitable to drill even if prices drop below current levels.