Introduction to the Royalty Allocation Amending AgreementRoyalty Allocation Amending Agreement • July 20th, 2018
A Royalty Allocation Amending Agreement is typically required in situations in which a Horizontal Well traverses multiple Spacing Units that have different encumbrances. The Royalty Allocation Amending Agreement will amend an existing Royalty Agreement. The principles outlined in this agreement template might also be used in a new Agreement that incorporates the 1997 CAPL Farmout & Royalty Procedure or Overriding Royalty Procedure under which an Overriding Royalty is created, and that functionality will be included in that other precedent.
