I am not sure it is a bad thing, Dan Sr, founded Cactus, of course there is a relationship there. I did not read the actual assignment papers, I'm not paying to do so, I can only go on presumption.
Does anyone know anything more than speculation, I could put a positive spin on it and speculate.
Website indicates they will use their own resources to drill when a big name won't be able to. Is it possible that, they have or will receive enough to pay the auditors from the prior Gushers deals, and now they are being pro-active and reserving rigs with Cactus using some of the O/R royalties so that they could develop their own leases?
Again, without actually reading the documents, I have no idea but it is just as plausible as the negative side. If someone has read the assignment agreement, perhaps they could share.
