Texas Panel Reverses, Says 1955 Deed Conveys Floating, Not Fixed Royalty Interest

(June 6, 2024, 3:33 PM EDT) -- EL PASO, Texas — A Texas appellate panel has ruled in favor of a group of mineral rights owners, declaring that a 1955 deed conveyed a floating 1/4 nonparticipating royalty interest in a particular piece of property in Reeves County, Texas, contrary to the competing claims of other parties who said the deed in question conveyed a fixed 1/32 nonparticipating royalty interest....