The Wichita Bar Association's KIOGA conference is an annual oil and gas conference for lawyers, oil and gas producers, landmen and other participants in the oil and gas industry.
David Bengtson and Frank Basgall were featured speakers, presenting on a topic entitled "Production in Paying Quantities and Maintaining Oil and Gas Leases Beyond Their Primary Term." The presentation highlighted how courts have interpreted the habendum clause and how courts determine whether a well is producing in paying quantities. Below are six high-level takeaways from that presentation.
Other presenters addressed updates in oil and gas law, joint operating agreements and joint interest billing statements, evaluating oil and gas properties through an engineering lens and indemnity provisions.