What is Pooling? Pooling is the combining or bringing together of two or more small or irregularly shaped tracts of land to form one drill site or pooled unit. … Continue reading “Pooling”
Month: December 2009
SURFACE OR MINERALS?
The question often arises: who owns what – the surface or the mineral owner. Presuming that the minerals have been severed from the surface (as in Texas), the question … Continue reading “SURFACE OR MINERALS?”
ROYALTY CALCULATIONS
In determining the amount of royalty to be conveyed or reserved, the distinction between a “royalty fraction” and a “fraction of royalty” must be understood. The word “OF” has significant … Continue reading “ROYALTY CALCULATIONS”
CO2: ROYALTY OBLIGATIONS
With the increasing number of tertiary recovery projects utilizing carbon dioxide, a question arises as to whether a lessor has a claim for royalties on carbon dioxide that is produced … Continue reading “CO2: ROYALTY OBLIGATIONS”
AFFIDAVITS
An “affidavit” is defined as a statement in writing, of a fact or facts, signed by the party making it, sworn to before an officer authorized to administer oaths, and … Continue reading “AFFIDAVITS”
