Retained Acreage Clauses and Regulatory Acreage Assignments (TX) | Practical Law

Retained Acreage Clauses and Regulatory Acreage Assignments (TX) | Practical Law

A Practice Note addressing the interaction between retained acreage or Pugh clauses in oil and gas leases and the assignment of acreage for Railroad Commission of Texas (RRC) regulatory purposes. This Note discusses common ways retained acreage clauses incorporate RRC statewide and special field rules, retained acreage clauses that are tied to RRC allowables, and tips for oil and gas lessors and lessees in negotiating these clauses.

Retained Acreage Clauses and Regulatory Acreage Assignments (TX)

Practical Law Practice Note w-040-5026 (Approx. 14 pages)

Retained Acreage Clauses and Regulatory Acreage Assignments (TX)

by Practical Law Oil & Gas
MaintainedTexas, USA (National/Federal)
A Practice Note addressing the interaction between retained acreage or Pugh clauses in oil and gas leases and the assignment of acreage for Railroad Commission of Texas (RRC) regulatory purposes. This Note discusses common ways retained acreage clauses incorporate RRC statewide and special field rules, retained acreage clauses that are tied to RRC allowables, and tips for oil and gas lessors and lessees in negotiating these clauses.