Minerals & Water Assignments and Consents
Most of our mineral leases require the express written consent from Union Pacific Railroad Company prior to any assignment of the lease. Union Pacific Railroad Company is relying on Lessee’s reputation, technology, and experience within the industry and is granting rights to Lessee that it would not necessarily grant to others. Accordingly, Lessor may withhold consent for any or no reason at all, including, without limitation, the number of assignees is excessive, an assignee's technical competence or financial ability does not meet Lessor’s criteria or is otherwise inadequate, or Lessee refuses to accept responsibility for the performance or obligations of any of its successors in interest.
Depending upon the party identified, Union Pacific Railroad may request documentation in order to review the request for consent.
Procedure
The request must be printed and completed in its entirety. The Application document in this section is a PDF file, which requires the Adobe Acrobat Reader for viewing. Completed applications and a minimum fee of $1065.00 per assignee (made payable to Union Pacific Railroad Company, Federal Taxpayer Identification No. 94-6001323) is required. Union Pacific reserves the right to charge higher fees for increased exposure, risk, etc.
The interest assigned must either be completed as to 100% interest in the lease or the specific percentage being assigned.
Lessee and Assignee must both sign the request form.
We are only able to consent to parties that possess interest in the lease. Documentation is required for any gap in title. Please send copies of recorded instruments from the appropriate state or county/parish.
Please allow a minimum of 30 days for processing.