Instrumentation, Petroleum and Royalty Interest

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Instrumentation

Petroleum

Royalty Interest

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

MARCH 7, 2023

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. Element Petroleum Props., Texas courts refer to this phenomenon as the “estate-misconception” theory. Dawkins , 483 S.W.3d 11-21-00103-CV (Tex. Eastland June 1, 2021).

Royalty

Royalty Royalty Interest Instrumentation Gas

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

JUNE 3, 2025

existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% About Sitio Royalties Corp. billion which equates to less than 1.0x mboe/d) Approximately 16.1

Royalty

Royalty Energy Energy Basin

Energy Aggregated

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

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

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