My (Texas) lease includes a Minimum Royalty Clause that provides for an annual minimum royalty of $xx per acre, for acreage held by the lease, on a per-well basis.
The lease is to be included in a fieldwide unit for CO2 EOR. Since operation in any part of a unit is considered to be operations on each tract, is it reasonable to conclude that the minimum royalty would include payment for all wells within the unit?