Consolidating acreage Camadultchat
PDC expects to receive approximately 13,500 net acres from Noble in exchange for approximately 11,700 net acres, subject, in each case, to title examination and other customary adjustments.The difference in net acres is primarily due to variances in net revenue interests.As others have pointed out you might want to in the future sell off one of the current 13 acres and have to repeat the whole process all over again just to split them.Did you have a specific reason for wanting to combine the two?
Most significantly, the trade increases opportunities for longer horizontal laterals with significantly increased working interests, all while minimizing potential surface impact." The Company is reviewing the potential effects of the trade on its 2016 development plans.In my area combining two 13 acre parcels in to one could potentiality save a person a load in taxes.In my area you don't even have to adjust the boundary line you simply request the adjoined parcels be put under one parcel # if you are in the county. Please register to participate in our discussions with 2 million other members - it's free and quick!Some forums can only be seen by registered members. However, I just wanted some insight before I go about doing it. Is there a name for this just like how the opposite is called "subdividing." Is there normally a fee? I had a customer do this years ago......seller had two parcels and with the county's blessing two lots were put on one deed so she could get one loan.
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Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field and the condensate and wet gas portion of the Utica Shale play.