Brief: Intrepid Enters Into Third Amendment To Cooperative Development Agreement With XTO

Intrepid Potash

09/01/2024 22:08

Jan 9 (Reuters) - Intrepid Potash Inc  IPI.N :
    * INTREPID ENTERS INTO THIRD AMENDMENT TO COOPERATIVE
DEVELOPMENT
AGREEMENT WITH XTO
    * INTREPID POTASH INC: AS CONSIDERATION UNDER AMENDMENT, ON
JAN 2,
RECEIVED PAYMENT OF $45 MILLION FROM XTO
    * INTREPID POTASH: XTO REQUIRED TO PAY ADDITIONAL AMOUNTS TO
CO OF
UP TO MAXIMUM $100 MILLION, IN EVENT OF ADDITIONAL DRILLING
ACTIVITIES

Source text for Eikon:  ID:nGNX7t2g6B 
Further company coverage:  IPI.N 

 ((Reuters.Briefs@thomsonreuters.com;))