What is shallow rights reversion?
Shallow rights reversion (SRR) means that the petroleum and natural gas rights above the top of the shallowest productive zone in an agreement will be severed from the agreement at continuation. The depth of the shallowest zone will depend on the rights in your existing agreement i.e. shallow may be shallow, or deep. This is in addition to the existing deeper rights reversion. Rights between the top of the shallowest productive zone and the base of the deepest productive zone will remain in the agreement.
