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
North Dakota Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner is a legal document that grants permission to the owner of an overriding royalty interest to participate in the pooling or unitization of mineral resources in North Dakota. This consent is crucial for efficient and effective exploitation of oil, gas, or other mineral deposits, allowing multiple small interest owners to combine their rights into a unified operation. In North Dakota, there are two primary types of Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner. 1) Surface Owner Consent: This type of ratification involves obtaining permission from the owner(s) of the surface rights where the pooling or unitization is proposed. It ensures that the overriding royalty interest owner can access the surface for production operations, including drilling, well construction, and infrastructure development. This consent is necessary to avoid any legal disputes or conflicts concerning surface rights. 2) Working Interest Owner Consent: When obtaining a North Dakota Ratification and Consent to Pooling and/or Unitization, it is essential to obtain the consent of the working interest owner(s). The working interest represents the ownership rights and responsibilities related to the development and production of the minerals. This consent allows the overriding royalty interest owner to participate in the pooled or unitized operations, sharing in the associated costs, risks, and revenues. These types of Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner streamline the oil and gas production process, eliminating inefficiencies that may arise from fragmented ownership. By consolidating resources under a unified operation, extraction techniques, infrastructure, and investments can be optimized, leading to increased productivity and profitability for all involved parties. To ensure compliance and proper execution, it is recommended to consult with legal professionals experienced in North Dakota's oil, gas, and mineral rights regulations. They can guide owners of overriding royalty interests through the ratification and consent process, ensuring their rights are protected and the pooling or unitization operations proceed smoothly.
