This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
Texas Relinquishment Provision - Horizontal Well
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US-OG-718
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FAQ
An Allocation Well is a Texas Railroad Commission designation for a proposed horizontal well for which the operator does not have a Production Sharing Agreement or at least sixty-five percent (65%) of the working interest owners and royalty interest owners signed up for each included oil and gas lease and unit. Oil and Gas Rights in Texas: Allocation Wells lorman.com ? resources ? oil-and-gas-rights... lorman.com ? resources ? oil-and-gas-rights...
Oil and gas lessees retain royalties on all production from their lease. The mineral rights owners receive a royalty interest since drilling and production costs are not deducted from it. Most oil and gas royalty interests are expressed as fractions or percentages.
?Surface rights? refers to the right to control the surface of the land. Existing structures are included under this umbrella. Typically, when property is purchased, the transaction includes the surface and mineral rights.
A limitation on a mineral owner's right to use the servient surface estate (in Texas, the mineral estate is dominant over the surface estate).
What Are Mineral Rights and Who Has Them? Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.
The general (common law) rule in the case of a split estate is that the mineral estate is ?dominant.? This means that the owner of the surface estate cannot prohibit the owner of the mineral estate from accessing and developing the minerals. Chapter 9 SPLIT ESTATES AND SURFACE ACCESS ISSUES wsmtlaw.com ? cms-assets ? documents ? 12... wsmtlaw.com ? cms-assets ? documents ? 12...
Under the Accommodation Doctrine, the surface owner must generally show that the particular surface activities are not ?reasonably necessary? to extract the oil or gas. The Accommodation Doctrine: Balancing the Interests of the ... hh-law.com ? blogs ? oil-and-gas-addendum ? the... hh-law.com ? blogs ? oil-and-gas-addendum ? the...
In order to apply the Accommodation Doctrine, the surface owner must prove that the groundwater owner's use of the surface precludes or substantially impairs the existing use; that the surface owner has no available, reasonable alternative to continue existing use; and that the groundwater owner has reasonable, ... Groundwater Law - State Bar of Texas | Articles texasbar.com ? Template ? HTMLDisplay.cfm texasbar.com ? Template ? HTMLDisplay.cfm
