Royalty Interest: Sell only the wells -- possible?

General Mineral Rights Discussion
1

Goofy question but here goes. If I have a royalty interest (NPRI) of 300 acres and 2 wells are producing, can I sell the royalty interest in just the 2 wells and keep the “overall”" royalty interest of the 300 acres and any future wells drilled?

Thanks, Tom

2

Yea you can deed the wellbore only

3

You can word deeds pretty well any way the parties agree.

4

Thank you Casey for the information!

5

Thank you Bully5 for the information!

6

I’ve seen lots of ‘wellbore only’ deeds on EnergyNet. Probably already know this, but be careful with your phrasing. Might want a lawyer to help you.

7

You’d need phrasing in the document limiting the conveyance to wellbore only. Oil companies do this all the time when selling leasehold.