Synopsis: By surrendering an oil and gas lease, a "washout" can extinguish certain non-operated working interests and overriding royalty interests. This presentation will focus on the mechanics of washout transactions and anti-washout clauses.

Instructional Level: Intermediate

Objectives: “At the conclusion of this presentation, the participant will be able to:”

·         Understand the mechanics of washout transactions

·         Analyze the impact of on Non-Operated Working Interests

·         Evaluate anti-washout clauses and their effectiveness

Speaker: Josh Peterson, Oliva Gibbs LLP

CEUs: 1.0