North Dakota Ratification and Consent to Pooling and / or Unitization by Overriding Royalty Interest Owner

State:
Multi-State
Control #:
US-OG-114
Format:
Word; 
Rich Text
Instant download

Description

In some jurisdictions (including Texas) an overriding royalty interest owners interest cannot be pooled without the overriding royalty owners consent. This form provides for the overriding royalty interest owner to ratify an existing pooling or unitization to allow the overriding royalty interest to participate in production

How to fill out Ratification And Consent To Pooling And / Or Unitization By Overriding Royalty Interest Owner?

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FAQ

A mineral rights owner does not necessarily have to own the land property itself but must have a legal agreement with the property owner. In North Dakota, mineral rights can be transferred in three ways: deed, probate or court action.

23-12-13. Persons authorized to provide informed consent to health care for incapacitated persons - Priority. i. A close relative or friend of the patient who is at least eighteen years of age and who has maintained significant contacts with the incapacitated person.

Cent. Code § 42-01-06. A public nuisance is one which at the same time affects an entire community or neighborhood or any considerable number of persons, although the extent of the annoyance or damage inflicted upon the individuals may be unequal.

38-08-08. When two or more separately owned tracts are embraced within a spacing unit, or when there are separately owned interests in all or a part of the spacing unit, then the owners and royalty owners thereof may pool their interests for the development and operation of the spacing unit.

28-34-01. Appeals from local governing bodies - Procedures. 1. The notice of appeal must be filed with the clerk of the court within thirty days after the decision of the local governing body.

Mineral interests last indefinitely as long as they are not abandoned. Minerals are considered abandoned when they have not been used or claimed for twenty or more years. Minerals are ?used? when some type of activity such as production, leasing, or conveying occurs under North Dakota law.

Every parent or other person legally responsible for the care or support of a child who wholly abandons the child or willfully fails to furnish food, shelter, clothing, and medical attention reasonably necessary and sufficient to meet the child's needs is guilty of a class C felony.

First International Bank & Trust's MineralTracker recently produced and presented a 40-page summary to the North Dakota Land Board estimating the total value of North Dakota-owned oil and gas mineral rights at $2.8 billion, an 18% increase from prior year.

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North Dakota Ratification and Consent to Pooling and / or Unitization by Overriding Royalty Interest Owner