Austin Texas Ratification of Royalty Commingling Agreement
Category:
State:
Multi-State
City:
Austin
Control #:
US-OG-113
Format:
Word;
Rich Text
Instant download
Description
A commingling agreement may have been entered into allowing the parties to the agreement to share in royalty based on agreed upon percentages, typically where royalty is not common in all the lands included in a producing or unit around the well. If a party did not sign the original agreement, they may ratify the agreement. This will have the same effect as the ratifying party having executed the original or a counterpart of the agreement.
