
Permian Basin development poses certain legal risks that nonoperating investors in particular should be aware of. Even when operator removal is not being considered, nonoperating investors should be aware that JOAs, by design, give the operator sole control over administration of the joint account and typically establish pay now, complain later billing regimes.
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Chevron Announces Agreement To Acquire Anadarko
Chevron Corp.announced today that it has entered into a definitive agreement with Anadarko Petroleum Corp. to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.
Marketed: Ventana Partners Nonoperated Delaware Basin Properties
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