This article focuses on the state of Texas law regarding wellbore rights and various related issues raised by transactions involving such rights (and other similar lease severance issues) and provides some practical tips to help avoid potential pitfalls.

At its core, a wellbore interest is simply a fractionalized carveout from a larger real property estate. To the point, the conveyance of such an interest has been called the “narrowest form of an oil and gas assignment.”