Remove 2021 Remove Instrumentation Remove Royalty Interest
article thumbnail

Texas Supreme Court Holds that References to “One-Eighth” in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

The Energy Law

In the 1920s—the time the deed at issue was executed—lessors commonly reserved a one-eighth royalty interest when they executed oil and gas leases. Eastland June 1, 2021). Texas courts refer to this phenomenon as the “estate-misconception” theory. Dawkins , 483 S.W.3d Element Petroleum Props., 11-21-00103-CV (Tex.

Royalty 98
article thumbnail

Texas Supreme Court Rules on Modification of NPRIs

Producer's Edge

The Case In this recent case, the Texas Supreme Court resolved whether ratification of a lease or signing of a stipulation agreement could transform a fixed non-participating royalty interest (NPRI) into a floating NPRI. In short, the court held that mere ratification of a lease does not alter a fixed NPRI. Ellison , 627 S.W.3d

Royalty 59