A nonparticipating royalty owner ratifying an oil and gas lease is usually requested by a lessee to allow the nonparticipating royalty interest to be pooled under the terms of the lease (some jurisdictions, including Texas, do not allow a nonparticipating royalty interest owners interest to be pooled, without the owners consent). This form of ratification may also be used by a nonparticipating royalty owner to allow the owner to be included in a pooled unit in which he or she may not otherwise have been included.
Tarrant Texas Ratification of Oil and Gas Lease by Nonparticipating Royalty Owner
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-OG-112
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Word;
Rich Text
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Description
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