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6 Cards in this Set
- Front
- Back
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"stored gas" is the __ __ of the extractor and is NOT subject to the rule of capture.
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personal property
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the mineral interest owner has the right to grant leases (__ right) and receive royalty, bonus and delay rentals as lease benefits.
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EXECUTIVE right
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the holder of the surface interest is subject to an __ easement of surface use by the dominant mineral interest owner.
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impled
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the royalty interest is considered __ property in Texas.
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REAL
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an "overriding" royalty is an interest carved out of the __'s interest.
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lessee
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under the "open mines" doctrine, a life tenant is entitled to all bonus payments, delay rentals, and royalties paid under a lease in effect __ to creation of the life interest.
*the lease need not have a producing well on it at the time the life estate is created. |
PRIOR
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