pjc-oil-and-gas-2022-lib

D AMAGES

PJC 313.15

Modification depending on lease terms. If the lease provision requires valuation at some place other than at the well (e.g., at the point of sale or point of transfer to a nonaffiliated third party) or if it provides for a different method of valuation (e.g., highest index price), then the question and instruction should be altered to be consis tent with the lease terms.

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