What happens if I do NOT sign a lease ratification for Ector County, Texas? Is producer still obligated to pay me (Non-Executive Owner) the BONUS per signed lease by the Executive Owners? Also, does this affect royalty payments on future production? The reason for hesitating to sign is language regarding “pooling”. What response should I expect from the producer? Thanks!
If you are clearly a Non-Executive mineral owner, then the lease applies to your interest with or without your ratification, i.e., your ratification is superfluous. Oil company must think your non-executive status is unclear or, perhaps, oil co. employee is just incompetent … which I’ve seen a LOT more often in recent years.