Railroad Commission of Texas Sample Clauses
Railroad Commission of Texas. In anticipation that this Amendment is likely to be approved by RRC’s governing body at the next open meeting, RRC’s authorized representative may elect for convenience and to expedite the execution of this Amendment to sign on the line below prior to said date. If RRC’s authorized representative below elects to sign this Amendment prior to the date of the next open meeting, RRC’s representative certifies that his or her authority to enter into this Amendment is expressly contingent on approval of this Amendment by the Commission at the next open meeting. If the Commission approves this Amendment, signature authority for RRC is effective on the date of August 22, 2023, or the date that RRC’s representative signs below, whichever occurs last. The Parties agree that execution of this Amendment is contingent on Commission approval. If the Commission does not approve this Amendment at the next open meeting, this Amendment shall not take effect. Otherwise, by the signatures below, each signatory represents and warrants that they have the authority as of the date of their respective signature to enter into this Amendment on behalf of the respective Parties.
Railroad Commission of Texas. In anticipation that this Contract is likely to be approved by RRC’s governing body at the next open meeting, RRC’s authorized representative may elect for convenience and to expedite the execution of this Contract to sign on the line below prior to said date. If RRC’s authorized representative below elects to sign this Contract prior to the date of the next open meeting, RRC’s representative certifies that his or her authority to enter into this Contract is expressly contingent on approval of this Contract by the Commission at the next open meeting. If the Commission approves this Contract, signature authority for RRC is effective on the date of August 22, 2023 or the date that RRC’s representative signs below, whichever occurs last. The Parties agree that execution of this Contract is contingent on Commission approval. If the Commission does not approve this Contract at the next open meeting, this Contract shall not take effect. Otherwise, by the signatures below, each signatory represents and warrants that they have the authority as of the date of their respective signature to enter into this Contract on behalf of the respective Parties.
Railroad Commission of Texas. The government body that regulates the oil and gas industry in Texas ratification: in division order terms, formal approval or confirmation of a previously executed lease recordation data: references put on documents when they are filed by county clerks, to show where the documents can be located. Usual references are volume or book rider: an amendment or addition attached to a document rebuttable presumption: a rule of law which requires the assumption of a fact from another fact or set of facts; a rebuttable presumption must be made once certain facts have been proved, but it may be rebutted or overcome through the introduction of contrary evidence remainderman: one who has interest in land that becomes effective in possession only when a prior interest ends revenue interest: an accounting term describing earnings of a working interest owner. The working interest minus royalties or other interest deductions equals the revenue interest. right of ingress and egress: the right to enter and leave lands in question. royalty estate: pertaining to the royalty owners share, usually one-eighth (1/8) royalty interest: share of production free of costs when and if there is production. May be established in the lease by reserving a royalty which is usually expressed fractionally. S sand: a geological term for a formation beneath the surface of the earth from which hydrocarbons are produced. Its make-up is sufficiently homogeneous to differentiate it from other formations.