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Early court decisions developed what is known as the non-apportionment rule, which holds that if the tracts covered by a lease were owned by different parties, and a producing well was drilled, for example, in Bob's tract, then Jill, who owns a neighboring tract, is not entitled to any proceeds from production from the

Companies generally ask owners of royalty and non-executive mineral interests to ratify oil and gas leases covering the lands in which they own an interest. The companies ask for the ratification because they want the right to pool the royalty or non-executive mineral interest covered by the lease.

To ratify a lease means that the landowner and oil & gas producer, as current lessor and lessee of the land, agree (or re-agree) to the terms of the existing lease.

Under Texas law, there is a rule of non-apportionment. It sets out that when the property is subdivided after the lease is already in place on the tract, the royalties are not apportioned but given to the royalty interest owner on whose property the well physically sits.

Other commentators have described these implied obligations as a duty to (1) develop the lease, (2) protect the lease against drainage, (3) market production, and (4) act as a reasonably prudent operator. Courts have held that these obligations are implied in every lease unless the lease expressly disclaims the duties.

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Mining for and producing oil. Gas and ail other mtnerats.Pursuant to an Oil and Gas Lease, the Lessor retains the Lessor Royalty. Convention Signed at Oslo December 3, 1971;.

Ratification Of Oil And Gas Lease For Proper Authority Withholding Tax

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What is the rule of non-apportionment?

What is the purpose of a ratification of oil and gas lease?

What does ratification of oil and gas lease mean?

What is the rule of non-apportionment in Texas?

What are the implied covenants in an oil and gas lease?

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What is the ratification process for oil and gas lease?

Why is ratification of oil and gas lease necessary?

What does 'proper authority withholding tax' mean?

Why are taxes withheld from oil and gas lease payments?

What are the consequences of not ratifying an oil and gas lease?

How can one ensure proper authority withholding tax compliance in multiple states?

Are there any specific documents required during the ratification process?

Can the ratification process be done simultaneously for all states involved?

What if an error is made during the ratification process?

How long does the ratification process usually take?

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