If 50% is entered in the Addendum for Reservation of Oil, Gas, and Other Minerals, what does this mean for the seller?

When 50% is entered in the Addendum for Reservation of Oil, Gas, and Other Minerals, it indicates that the seller reserves 50% of the mineral rights they currently hold at the time of closing. This means that if the seller owns 100% of the mineral rights, they would retain 50% of that estate, but if they own only 70%, then they would reserve 35% (which is 50% of their ownership).

This reservation specifically refers to the seller's share at the closing date, emphasizing the importance of understanding what percentage the seller actually possesses. This is crucial for both the seller and buyer to have clarity on the extent of mineral rights that remain with the seller following the transaction.