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Royalty owners in Texas are taxed annually based on the value of their mineral interests. Frequently, their interests are joined with other royalty owners’ interests in a practice called pooling. Pooling provisions in oil and gas leases are useful tools. Pooling clauses, in conjunction with unitization agreements, allow lessees to combine acreage covered by two or more leases to create a single production unit over a common reservoir (often called a “unitized tract”). This helps prevent waste, preserve minerals, and protect the rights of landowners over a common reservoir. However, pooling provisions can expose a lessor to taxes from multiple counties.
TX Shreveport LA Zone Forecast sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
TX Shreveport LA Zone Forecast
April 9, 2021
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247 AM CDT Fri Apr 9 2021
TXZ096-100315-
247 AM CDT Fri Apr 9 2021
.TODAY.Cloudy with chance of showers and thunderstorms. Some
thunderstorms may be severe. Highs in the upper 70s. Southeast
winds 10 to 15 mph. Gusts up to 25 mph in the afternoon. Chance
of precipitation 50 percent.
thunderstorms may be severe. Mostly cloudy in the evening then
clearing. Lows around 50. Northwest winds 10 to 15 mph. Chance of
precipitation 60 percent.
15 mph.
winds 10 mph becoming south after midnight.
.SUNDAY.Sunny. Highs in the upper 70s. South winds 10 mph.
.SUNDAY NIGHT.Mostly clear. Lows in the mid 50s.
.MONDAY.Mostly cloudy. A 20 percent chance of showers in the
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Tornado Watch issued for portions of East Texas until 8 p.m. A strong storm system is moving into the East Texas area Wednesday and will push a cold front through the region during the afternoon (Source: Katie Vossler (KLTV)) By Katie Vossler | April 7, 2021 at 8:35 AM CDT - Updated April 7 at 12:45 PM
TYLER, Texas (KLTV) - The National Weather Service has issued a Tornado Watch for portions of East Texas until 8 p.m. Wednesday.
The watch covers Angelina, Camp, Cass, Cherokee, Franklin, Gregg, Harrison, Marion, Morris, Nacogdoches, Panola, Rusk, Sabine, San Augustine, Shelby, Smith, Titus, Upshur, and Wood counties in East Texas along with counties in Arkansas and parishes in Louisiana