WebS.W.3d 204.) If a royalty is based on the amount realized from a sale, the lessee gener-ally cannot deduct post-production costs from the royalty payment.2 This is called a … WebTexas jurisprudence has long held that the royalty “stick” of the mineral estate, whether the Lessor’s royalty under a lease, a non-participating royalty created by conveyance or …

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WebNov 29, 2024 · Under Texas law, the first payment from a new well does not have to be made until 120 days after the end of the month of the first sale of production, and 60 days thereafter for oil, and 90 days thereafter for gas. ... The best option, if achievable, is a cost-free royalty. 9. Natural Gas Liquids. One of the most valuable parts of production ... WebJan 6, 2015 · Chesapeake pointed to the “or” language in the royalty clause, arguing that it was disjunctive and allowed deduction of post-production costs incurred after the point of delivery, but before the point of sale.The lease also provided that Chesapeake would pay a “perpetual, cost- free … overriding royalty” on production obtained from ... luxury vacations in jamaica

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WebPost-production costs that may, or may not, be deductible when calculating the royalty generally include gross production and severance taxes, transportation costs, and the … WebAnother treatise noted, as a general matter, “[i]f the royalty clause provides for delivery of royalty gas to the lessor’s credit free of cost in the pipeline to which the well is connected, the parties contemplate a delivery of royalty gas at the well.” 3 EUGENE KUNTZ, TREATISE ON THE LAW OF OIL AND GAS § 40.5(a) (1989). WebJul 4, 2016 · Texas courts define a royalty as a share of production free of production expenses but subject to post-production costs. Overriding royalties are carved out of the … luxury vacations french polynesia