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Another case interpreting a royalty reservation in an old conveyance has been decided by the 11th Court of Appeals in Eastland: Boren Descendants and Mabee Descendants v. The deed reserves “an undivided one-fourth (1/4th) of the usual one eighth (18th) royalty.” Fasken Oil and Ranch, Ltd. , two consolidated appeals, Nos.
Royalty and non-op management is drowning in inefficiencies. But here’s the reality: royalty and non-op management today face the same core problems: Administration bottlenecks: How can address changes be handled or direct deposit be set up quickly? The reality? Address changes turn into endless paperwork. If this resonates.
The Eastland Court of Appeals addressed, for the first time, the interpretation of a double-fraction royalty reservation in light of Van Dyke. centered on whether a 1933 deed reserved a floating 1/4 royalty interest or a fixed 1/32 interest. The case ( Boren Descendants v. Fasken Oil & Ranch, Ltd. , LEXIS 8405, at *1 (Tex.
James Boldrick is an assignee of an overriding royalty interest in property subleased to BTA. Boldrick sued BTA and Chevron/Texaco, seeking monetary damages based upon breach of contract, unjust enrichment and conversion, alleging that his share of the overriding royalty interest was being used to benefit the Defendants.
Therefore, under Texas law, working interest owners such as producers and royalty owners automatically possess a security interest in the oil and gas extracted from their properties against said first purchaser, thereby providing protection, clarity, and efficiency in the legal framework governing these transactions.
The deed conveyed to the Jameses one-half of the royalties and mineral interests in the property and reserved the other one-half to Gray Investments. Divisionorders were prepared by Kelley Oil Corporation, a predecessor-in-interest to Samson, and the Jameses began receiving royalties.
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