Does anyone know if a Texas Mineral or Royalty conveyance Deed can be based upon a Net Decimal Interest in a Well / Unit that is being conveyed? The transaction involves a portion of a Decimal Interest that Grantor owns.
I’ve never seen it done that way. A conveyance of any real estate, including mineral interest, should include a legal description of the land and the whole or the portion of undivided interest being conveyed. The decimal interest on the revenue statement is the proportion that your net royalty acres in the property represent in the unit. The legal description could be created so that it would only include the portion of the property included in the unit. I wouldn’t recommend making a conveyance using the Decimal Interest as the description of what is being conveyed.