INTRODUCTION TO 2018 PJVA-CAPL PAD SITE SHARING AGREEMENTPad Site Sharing Agreement • October 22nd, 2022
Contract Type FiledOctober 22nd, 2022Industry is drilling increasingly from shared well pads in which wells and facilities are not held in common interests. This is done to mitigate the environmental footprint and to optimize operating efficiencies for construction costs and shared site-specific infrastructure. Many well pads serving different ownership wells already exist without any documentation to address the wide range of issues inherent in a pad sharing scenario.