This seems to be the hot topic for enquiring minds.
I am probably missing something but this seems pretty straight forward: "each well is its own well." Each well is its own industry.
An existing well on 1280-acre spacing will remain a well on 1280-acre spacing regardless of future wells, future spacing.
That's all one needs to know, assuming it is accurate. I don't own minerals and haven't read the rules and the definitions, but that seems to be the gist of what I am hearing, reading elsewhere.
Having said that (that's all one needs to know), it begs the question: can there be multiple spacing units affecting the same acre. For example, we have seen 1280-acre spacing on top of 640-acre spacing. A year from now, could we see 2560-acre spacing on top of the 1280-acre spacing? I don't know why not. I would assume there needs to be a way to identify which spacing unit a proposed well will be defined. For example, assume there is an overlapping 1280-acre unit on a 640-acre unit, and a new operator wants to drill a new well in that section. Will there be a way to identify a well based on its name / legal description whether it's a 640-, 1280-, or a 2560-acre well, or something else?
