Co-author Brittany Blakey*
A few things you should know about the acreage retention clause:
- Foremost and always, read the instrument – not all clauses are created equal. But you know that.
- Consider the clause before perfunctorily filing P-15’s, plats, and other RRC forms.
- Absentmindedly relying on field rules to determine how much acreage you can retain? Do so at your peril. And while your’re reading, read the rules pertaining to your acreage!
Two Texas Supreme Court decisions published on the same day confirm that retained acreage clauses that vary in language from one instrument to another will likely vary in effect. Depending on the language, the lessee might not be able to maintain all the acreage it planned on holding.
Continue Reading Ask and You Shall (Not?) Receive: Retained Acreage Clauses and the Texas Supreme Court